January 30, 2014 7:35 am
US stocks substantially declined, pushing the Standard & Poor’s 500 Index to a two-month low, as the Federal Reserve vowed it would make further cuts to economic stimulus and as emerging-market currencies weakened. The S&P 500 slumped 1% to 1,774.20 by 4:34 p.m. in New York, the lowest close since November 12 after European stocks […]
Read moreJanuary 29, 2014 3:34 pm
The 3.2-billion-dollar acquisition of Nest Labs Inc. by Google Inc. may prove out to be sufficient to arouse a multibillion-dollar race to purchase some companies, which are carrying into effect the rise of Web-connected devices across homes, cities and workplaces. According to Recon Analytics LLC, after the Nest Labs Inc. acquisition, which Google announced this […]
Read moreJanuary 29, 2014 2:06 pm
Canon Inc. announced that its net profit increased by 6% in the three months that ended December 2013. The company explain this success has been facilitated by the fact that Japanese yen is weak, which makes the company hope its profits will be boosted in the current business year along with a recovery in its […]
Read moreJanuary 29, 2014 12:39 pm
Netflix Inc., which operates as an Internet subscription service company and provides subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail, is currently considered as a leader on the streaming-video market. As such, the company is planning an expansion in Europe, amid fierce competition between the media companies across […]
Read moreJanuary 29, 2014 9:48 am
International Data Corp. reported that the largest smartphone maker in the world – Samsung Electronics Co. kept its lead over its most serious rival Apple Inc. during the fourth quarter of 2013. Both companies are said to have lost ground to Chinese vendors. The market researched IDC, which is based in Massachusetts, made a statement […]
Read moreJanuary 29, 2014 8:24 am
Yahoo! Inc. announced that the company expects its first-quarter sales to fail to reach some analysts estimates. At the same time, Marissa Mayer, who is the Chief Executive Officer of the company is trying to turn user growth at the Web portal into money for advertising. Yahoo! Made an official statement today, saying that its […]
Read moreJanuary 24, 2014 2:25 pm
The Vice Chairman of General Electric Co. John G. Rice announced that the global economy “was getting better, not worse”. Mr. Rice also said that “there was tremendous underlying demand for infrastructure” beneath lower growth expectations for emerging markets, as cited by the Wall Street Journal. Mr. Rice gave a private interview at the World […]
Read moreJanuary 24, 2014 12:52 pm
The biggest smartphones manufacturer in the world – Samsung Electronics Co. – announced its slowest profit growth since 2011. At the same time, high-end customers are being tempted by new iPhones of Apple Inc. Samsung Electronics also revealed in a filing today that its net income, excluding minority interest, increased by 5.4% and reached 7.22 […]
Read moreJanuary 24, 2014 10:12 am
Qualcomm Inc. announced that it purchased a portfolio of patents form Hewlett-Packard Co., and by doing this it acquired intellectual property, which includes the mobile operating systems fundamentals. The company also explained that the patents include the ones related to Palm, as well as to iPaq mobile devices of Hewlett-Packard. The technology of Bitfone Corp., […]
Read moreJanuary 24, 2014 9:02 am
In his last months at the position of Chief Executive Officer of Microsoft Corp.s, Steve Ballmer managed to deliver results even higher than expectations thanks to the increased interest of the companys customers towards game consoles and cloud software during the last quarter of 2013. The company made a statement yesterday, reporting that its revenue […]
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