ECONOMY & MARKETS

The sale of external disk storage systems kept up its momentum by posting a double-digit growth for the fifth consecutive quarter

Apple had kept the market in mystery by not revealing the details of ‘ the upcoming cloud service offering’, since the announcement of unveiling Lion, iOS 5, iCloud in the press release.

Android devices have seen a rise in popularity since the date of their introduction

Asus has revealed the World’s first glasses-free 3D gaming laptops at Computex in Taipei this week

Finnish cell phone giant Nokia has announced the Nokia Play To app for Symbian 3 smartphones which lets the user share media wirelessly over the network

Microsoft office 365,the next generation in cloud productivity is coming in June to beat the market of Google’s free office suite.

Operating system giant Microsoft Corporation has asked the chip-makers who want to use the next version of Windows for tablets to partner with no more than one computer developer

Prior to the release of the Apple iOS 5 at the WWDC 2011 annual conference in San Francisco, a MacRumours reader has reported that iTunes may have leaked a new feature on the next-gen mobile operating system.

The LG Optimus 2X is the first Android phone with 1GHz dual-core processor offering a performance improvement over the smartphones powered by 1GHz single core phones.

With the PlayStation Store reactivated and back online after falling victim to a series of well-coordinated cyber assaults, Sony finally introduced its Welcome Back program on Friday to placate the thousands of angry clients.

The May jobs report was terrible. The unemployment rate went up to 9.1 percent and the economy only added 54,000 jobs.

The top pre-market NASDAQ Stock Market gainers are: GT Solar International, DryShips, Tesla Motors, Pharmasset, and Universal Display. The top pre-market NASDAQ Stock Market losers are: Orexigen Therapeutics, DragonWave, VIVUS, Avanir Pharmaceuticals, and Skyworks Solutions.

The companies whose shares are moving in pre-market trade on Friday are: ProLogis, Quiksilver, Orbitz Worldwide, NYSE Euronext, Ameren Corp, Forest Laboratories, Newell Rubbermaid, Allstate Corp, Arch Coal and Frontline Ltd.

Japanese gaming tycoon Nintendo is set launch the Nintendo Wii Play: Motion on June 13

Australia-based Kogan on Friday released the world’s first Google’s Chromium OS powered laptops.

Jefferies & Co. initiated coverage of Cisco Systems, Inc. (NASDAQ: CSCO) with a hold rating and a price target of $15.75.

The top after-market NYSE losers on Thursday are: Phoenix Companies, Sunrise Senior Living, SAIC, Credicorp, LyondellBasell Industries, Hovnanian Enterprises, Arch Coal, Teekay Corp, Frontline Ltd and NRG Energy.

The top after-market NYSE gainers on Thursday are: Cascade Corp, Quiksilver, CVR Energy, CVR Energy, Bank of Montreal, Cooper Companies, Deutsche Bank AG, ProLogis, General Motors and Hypercom.

India’s second largest IT company Infosys has announced to adopt the cloud technology as a part of its Infosys 3.0 transformation

The top after-market NASDAQ Stock Market gainers are: MicroStrategy, Fortinet, Universal Display, Team, and Education Management. The top after-market NASDAQ Stock Market losers are: Charming Shoppes, Isle of Capri Casinos, Stereotaxis, Pacific Biosciences of California, and Clearwire.

Shaquille O’Neal, who announced his retirement yesterday after a stellar 19 years in the NBA, earned almost $300-million in salary over his career.

The Gold Price climbed to $1544 per ounce Thursday morning but then dropped sharply to $1520 and stabilized at $1532 per ounce, while stocks, commodities and US Treasuries were all hit after worse-than-expected US economic news and a further downgrade for Greece.

Cyberlink has come up with PowerDVD to the Android platform, with OEM availability, enabling manufacturers to bundle it with Android handsets.

Susquehanna Financial has raised its profit estimates of Apple, saying that the technology giant is well positioned with leading market share in two of the fastest-growing segments in technology: smartphones and tablets.

The top pre-market NASDAQ Stock Market gainers are: Corinthian Colleges, Education Management, Career Education, Strayer Education, Apollo Group, Charming Shoppes, and Lincoln Educational Services. The top pre-market NASDAQ Stock Market losers are: Exide Technologies, Vera Bradley Designs, Ameristar Casinos, AudioCodes, and ARM Holdings.

The companies whose shares are moving in pre-market trade on Thursday are: Orbitz Worldwide, Devry, Joy Global, United Continental Holdings, Marathon Oil, Peabody Energy, ITT Corp, Limited Brands, Alpha Natural Resources, Century link and Gap Inc.

iPhone 5 production may be delayed by one to two months, with a slight downtick in the second quarter.

Barclays Capital said Apple Inc.'s Worldwide Developers Conference (WWDC) keynote to feature Mac OS X Lion, iOS 5, iCloud and Steve Jobs, which could make the conference quite eventful.

With 15 percent of the households possessing assets of $1 million or more, Singapore has the highest proportion of household millionaires in the world.