February 7, 2014 1:54 pm
Apple Inc. announced that more than half of the 100 billion dollars it pledged to return to its shareholders by the end of 2015 has already been spent. Currently, the company is preparing for a battle with Carl Icahn, who is an activist investor, over the companys allocation policy that is planned later in February. […]
Read moreFebruary 7, 2014 1:01 pm
Sony Corp. is considering to deal with its two most troubled units. The company announced that it intends to cut 5,000 jobs in its television and personal-computer businesses, and the TV unit will be reorganized into a separate subsidiary. Sony Corp. made an official announcement, explaining it expects a loss estimated to 110 billion yen […]
Read moreFebruary 7, 2014 10:23 am
The decision of Apple Inc. to remove a program used to send and receive Bitcoins from its App Store is said to become the main reason why many consumers abandon their iPhones. Technology enthusiasts who preferred Apples smartphones are said to share their disappointment with the companys new policy. Apple Inc. requires applications to be […]
Read moreFebruary 7, 2014 8:49 am
International Business Machines Corp. (IBM) said it is considering a sale of its semiconductor business. Such a deal is reckoned by analysts as the most important strategic move of the company since the financial crisis it dealt with in the early 1990s. People with knowledge of the matter reported that Goldman Sachs has been appointed […]
Read moreFebruary 7, 2014 8:38 am
LinkedIn Corp. announced its sales forecast, which trailed analysts estimates and pushed its stock down as much as 15% in extended trading. The company also revealed that all three of its professional-networking websites businesses have been experiencing slower growth. LinkedIn Corp. made an official statement, saying that its first-quarter revenue is expected to be 455 […]
Read moreFebruary 6, 2014 2:44 pm
General Motors Co. announced that its fourth-quarter profit missed analysts estimates as the company lost money in Asia outside of China. In addition, General Motors paid higher taxes and underwent through some reorganization changes in Europe. General Motors made an official statement today, saying that its profit, excluding one-time items, was estimated to 67 cents […]
Read moreFebruary 6, 2014 1:48 pm
Vodafone Group Plc, which is currently the second-largest mobile-phone carrier, announced a smaller decrease in its service revenue than the initially expected one. Vodafone made an official announcement today, revealing that its service revenue, excluding currency swings and acquisitions, decreased by 4.8% and reached 9.8 billion pounds (16 billion dollars) in its third quarter that […]
Read moreFebruary 6, 2014 12:23 pm
Coca-Cola announced that it reached an agreement with Green Mountain Coffee Roasters Inc. to acquire a 10% stake in the latter. The deal is estimated to about 1.25 billion dollars. Coca-Cola Co. also said it agreed to work with Green Mountain in order to introduce a system for producing single-serve cold drinks. The company made […]
Read moreFebruary 6, 2014 9:57 am
Alcatel-Lucent officially announced its first quarterly profit in two years after divesting some of its assets in order to stem losses. The company also revealed it had received an offer for a communications equipment unit. Alcatel posted a net income estimated to 134 million Euro (181 million dollars), compared with its 1.56-billion-Euro loss in 2013. […]
Read moreFebruary 6, 2014 9:01 am
HTC Corp. announced there is an updated version of its first wearable device – the One smartphone, which is expected to help the company exit the vicious circle of two consecutive annual revenue declines, along with a renewed focus on marketing. The Chief Financial Officer and Head of global sales of HTC – Chang Chialin, […]
Read more
