Court setback for Obama on his health reform
Written by Sandeep Nehra
A federal appeals court in Georgia (southeastern U.S.) has declared unconstitutional a portion of the new law on health insurance for Barack Obama voted in 2010, a blow to one of the flagship reforms of President .
The court ruled that the obligation for all citizens to have health insurance by 2014 or face sanctions was not consistent with the Constitution, confirming in part a trial decision issued in January Florida.
The rest of the reform, however, been validated.
“The obligation to provide insurance in excess of the regulatory powers of Congress and Trade is unconstitutional,” the Federal Judge Joel Dubina.
“This is an economic imperative statement entirely new and potentially unlimited authority of the Congress the power to compel Americans to buy an expensive insurance… Continue reading...
Learn MoreApple is number one in market capitalization
Written by Sandeep Nehra
Apple has become the world leader in terms of market capitalization, the manufacturer of the iPhone and iPad outpaced oil giant ExxonMobil on Wednesday at the New York Stock Exchange.
Despite a gloomy day on Wall Street, Apple’s stock has completed a course of 363.69 dollars for a market capitalization of 337.2 billion dollars.
The share price ExxonMobil has meanwhile slipped to 68.03 dollars per unit, setting the market value of the oil giant to 330.8 billion dollars.
Apple had already dethroned Microsoft in May 2010, becoming the largest U.S. technology company in its market capitalization – the number of shares multiplied by share price.
Apple’s stock has risen strongly in recent years under the leadership of Steve Jobs, its chief executive, through a series of… Continue reading...
Learn MoreAlmost 429 million mobile phones were sold worldwide during second quarter
Written by Sandeep Nehra
Almost 429 million mobile phones were sold worldwide during the second quarter, a quarter of smartphones, mostly equipped by Google and its Android operating system, according to research firm Gartner said on Thursday.
Global sales of mobile recording an increase of 16.5% year on year, while those of smartphones – these phones “smart” to surf the internet – grew by 74% over the second quarter of 2010.
Finnish Nokia still has the hand on the sales of all portable categories, with 22.8% market share, against 16.3% for Samsung and 5.7% for LG.
But aside smartphones, Symbian operating system is far outdistanced by that of Google, Android, which equips 43% 107 700 000 smart phones sold in the second quarter, against 22% for Nokia.
Phones from Apple… Continue reading...
Learn More
