Samsung Electronic buys "Joyent", a U.S. based cloud service company, for $170 million S&P/ASX 200 index plunged 0.14% to 5,532, hitting Australian energy and natural resources shares negatively Unilever enters into air purifying business by acquiring Blueair, Stockholm based company with an annual turnover of $106 million in 2015 Spiked oil prices made all three indexes to post high after its opening, S&P 500 index was up 8.85 points, or 0.41%, at 2,192.9, Nasdaq Composite burgeoned 31.09 points, or 0.59%, at 5,263.9, S&P 500 materials index moved up 1.04% Tesla removes ‘autopilot’ label from its product after a car crash in China After losing about $1 billion in volume, Macy’s to close 100 of its department stores by 2017 Decreased inflation rate and unstable economic activity forces Russian Central Bank to cut on interest rate by 50 base points to 10% Apple iPhone 7 could attract only a few customers on the day of its opening to U.K. market U.S.consumer price index (CPI) moves up 0.2% in August 2016 against expected 0.1%; medical care spiked 1.0%, highest since February 1984

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Procurement is often the part of company’s strategy acting as the ability to purchase certain materials (including raw materials or finished products) to ascertain operation without..


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