In recommending the complete ban on drivers using electronic devices (including use of hands free cell phones), the NTSB is not suggesting the cell phone signals of drivers be jammed. But the NTSB Chairwoman Deborah Hersman says the cell phone industry should develop technology to help drivers keep from being distracted.
The Chairman of Harman International says, "Innovation is critical to the heartbeat of any successful corporation in the industrialized world. But competing in emerging markets where vast differences exist in per-capita incomes, infrastructure, customer preferences and environmental pressures, requires redefining the concept of innovation."
Heavily criticized acquisitions and recurring earthquakes have stacked the odds against one of New Zealand's largest listed companies Fletcher Building. Following the recent slowdown in the Australasian housing market, the company announced Thursday that it has downgraded its earnings outlook for the first-half of 2012. CNBC's Christine Tan spoke to CEO Jonathan Ling before the announcement about his contingency plan for the difficulties ahead.
Billionaire owners of “ultra prime” homes have watched the values of their properties soar through the global economic turmoil, particularly in the emerging financial centres of Mumbai and Singapore. The FT reports.
Copper prices fell on Friday after data from China showed factory activity slowed more than expected in the world’s largest copper consumer. Copper prices have suffered a lack-luster performance in the second quarter, finishing flat. But one analyst says prices are set to jump later this year as world demand for copper continues to grow but mining output declines.
"On one hand export orders appear to be falling but on the other hand production seems to be rising so where is the production going? Obviously it's going into internal demand. This is in line with China's five year plan promoting more internal consumption which seems to be taking effect but it's not going to happen overnight. But this is a very positive trend China's economy is slowing, there's no doubt about that, but it's slowing out of choice, Andrew Leung, founder at Andrew Leung International Consultants told CNBC.