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Another China Record: ICBC Overtakes Bank of America as 2nd Largest Bank by Market Value

With a market capitalization of over $250 billion, China's Industrial and Commercial Bank of China (ICBC) overtook Bank of America (BAC) on the last trading day of the year on Friday to become the second biggest bank in the world by market value, behind Citigroup. 

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2006: A Year in Numbers - Technology, Business, & Financial Markets

As 2006 comes to a close and everyone is taking time to enjoy the wonderful holiday season, and before embarking on another adventurous year 2007, here is a look at the 2006 top technology, business and global markets by the Numbers profiled in Metrics 2.0

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Parents Say Text Messaging Kids Improves Communication: Study

Text messages sent to and from mobile phones will more than double over the next five years to 2.3 trillion messages by 2010, according to a Gartner survey. The overall growth in text messaging is driven by multiple factors - adults who use texting to "talk" while they're in meetings and parents who texting their kids. 

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Mobile Gadgets Seen as Best Way to Fib; 43% Lie Pretending to be ill: Study

Over 80% of people admit to telling little white lies at least once a day and the preferred way of being "economical with the truth" is to use technology such as cell phones, texts and e-mails, according to a survey by UK pollsters 72 Point, reports Reuters. 

Continue reading... "Mobile Gadgets Seen as Best Way to Fib; 43% Lie Pretending to be ill: Study" »

IPTV Subscribers to Triple in 2007 to 14.5 million, says iSuppli

IPTV

Global subscribers to Internet Protocol Television (IPTV) services is expected to nearly triple in 2007, helping to drive a strong increase in sales of wired communications equipment and related semiconductors for the year, according to iSuppli. 

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U.S. Economic Indicators This Week: Home Sales Up; Confidence Rose; Jobs Strong

This week saw a slew of good economic indicators in U.S., as consumer confidence jumped at an 8 month high, new homes sales and existing homes sales showing positive turns, and the job market resilient with only 1,000 rise in jobless claims. 

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Private Equity and VC Sizzle in India; 329 Deals This Year

2006 has been an extraordinary year for private equity, with the value of announced deals hitting a record $700 billion worldwide, according to Thomson Financial data. Private equity deals hit a record $48 billion in the Asia-Pacific region this year, more than four times that of 2005. 

Continue reading... "Private Equity and VC Sizzle in India; 329 Deals This Year" »

Holiday Season Online Sales Up a Solid 26%; Non-Travel E-Commerce Hits $100B Mark for the Year

During the first 56 days of the holiday season through December 26,  total U.S. online retail (non-travel) spending reached $23.11 billion, an increase of 26% vs. the corresponding days in 2005, according to comScore Networks data released late Thursday.  U.S. online holiday season sales also rose about 25% in both 2005 and 2004, according to comScore. 

Continue reading... "Holiday Season Online Sales Up a Solid 26%; Non-Travel E-Commerce Hits $100B Mark for the Year" »

Phone Users in China to Hit 900 million in 2007

The number of Chinese fixed and mobile telephone subscribers surged 11% to 830 million and are expected to hit 900 million by the end of 2007, according to data from the state-run Xinhua news agency, reports AFP.

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Not Just Cash... 10 Advanced Features that Consumers Like in ATMs: Survey 

Consumers would be more impressed with banks and credit unions with ATMs that could offer them a range of high-technology security and convenience features, such as biometric identification capabilities, movie ticket or postage stamp dispensing, and the ability to get printed bank statements and more detailed deposit receipts, a new study by Diebold, a major ATM manufacturer.

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MIT Technology Review on Q&A Sites: Yahoo Answers Tops

Google Answers was recently folded, but there are still quite a few Q&A sites on the web. Wade Roush at MIT Technology Review conducted a test recently to evaluate and rank prominent sites including Yahoo Answers, Microsoft's Live QnA, AnswerBag, Yedda, Wondir, and Amazon's new Askville  (via SearchEngineLand).

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Google Becomes No.1 in Blog Search; Surpasses Technorati

The market share of visits to Google Blog Search surpassed visits to  Technorati for the week ending 12/23/06, making Google No.1 in Blog search as well, according to data provided by Hitwise. Google Blog Search began catching up to Technorati in October, when 

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World Auto Sales Flat in 2007; China Becomes No.3 :Report

After five consecutive years of record sales, global auto volumes are expected to be flat in 2007, as weaker sales in the mature markets of the United States, Canada, Western Europe and Japan will offset strong momentum in China, India and Latin America, according to Global Auto Report by Scotiabank.

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LCD-TV Growth to Slow in 2007: 57% Rise to 62.5 million Units

Global LCD-TV shipments will increase 57% to 62.5 million units in 2007, compared to the blistering 95% growth in 2006 with 39.7 million units, according to latest iSuppli forecasts. Worldwide LCD-TV factory revenue will rise by 20% in 2007 to $53.5 billion, compared to 76% growth in 2006 with $44.7 billion in global revenues. 

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Another Record Year for Tech Mergers in 2006: Over $600 billion

Tech mergers worldwide  are closing in on another record year as the total value of announced tech and telecom deals (excluding debt) increased 4.9% to $611.89 billion in 2006, according to Dealogic, reports WSJ. Interestingly, AT&T has been at the top of the Tech M&A deals over the last three years.

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After-School Childcare Worries: Tough on 2.5M Working Parents, Costs Billion for Business - Study

As many as 2.5 million working parents are overly stressed by concerns about after-school childcare and are likely to become less productive at work, according to a new study by the Women’s Studies Research Center at Brandeis University and Catalyst, a nonprofit research and advisory organization. 

Continue reading... "After-School Childcare Worries: Tough on 2.5M Working Parents, Costs Billion for Business - Study" »

Strategy Analytics Predicts $5 Billion In-Vehicle Infotainment Semiconductor Market by 2013

Boston, MA - December 27, 2006 -The Strategy Analytics Automotive Multimedia & Communications Service report, "Infotainment Semiconductor Demand," notes that a semiconductor market expected to be worth $5 billion by 2013 is growing because of in-vehicle infotainment trends for greater feature content and consumer expectations for higher quality audio and video experience, as well as the availability of connectivity for personal entertainment and communication devices. .

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Private Equity Trade Group Formed; PE Capital Available Exceeds $700 billion

Private Equity Council

Eleven leading U.S. private equity firms have formed a trade group, the Private Equity Council, as the industry, with an estimated available capital of over $700 billion, becomes a more powerful force in the nearly $4 trillion global mergers and acquisitions market.

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