January 17, 2014 8:04 am
The third-biggest bank by assets in the U.S. – Citigroup Inc. announced that it has managed to more than double its fourth-quarter net income to 2.7 billion dollars. However, it missed the analyst estimates, due to the fact that mortgage banking and fixed-income trading collapsed. Currently the bank is dealing with the same difficulties associated […]
Read moreJanuary 17, 2014 7:42 am
U.S. stocks declined, after the Standard & Poor’s 500 Index closed at a record high yesterday, as Best Buy Co. tumbled and some earnings at companies such as Citigroup Inc. disappointed investors. The S&P 500 lost 0.1% to 1,845.89 at 4 p.m. in New York, dragging the gauge lower for the year. The Dow Jones […]
Read moreJanuary 16, 2014 2:33 pm
International Business Machines Corp. (IBM) has managed to accumulate more patents in the U.S. than any other company for the 21st straight year. This accomplishment was achieved thanks to the fact the company pushed itself into big-data services, which helped IBM gather large quantities of information within its reach. Samsung Electronics Co. ranked second, and […]
Read moreJanuary 16, 2014 1:23 pm
Despite the fact that Samsung Electronics invested a lot of efforts and money in the advertising of Galaxy Gear smartwatch, the company has not managed to make the grand breakthrough it has been hoping for. Nevertheless, the technological giant based in South Korea, still hopes for gaining success thanks to a new application. The latter […]
Read moreJanuary 16, 2014 11:45 am
People familiar with the matter reported that Hans Vestberg, who is the Chief Executive Officer of Ericsson AB, is considered as a potential successor of Steve Ballmer by the board of Microsoft Corp. The people, who asked not to be named, because the process is kept in privacy, revealed that Mr. Vestberg is in the […]
Read moreJanuary 16, 2014 9:44 am
Apple Inc. is currently facing a real challenge while trying to boost its share on the Chinese market by selling handsets through China Mobile Ltd. starting Friday. The companys difficulties come from the fact that a large number of Chinese customers prefer purchasing large-screen devices in order to check their e-mails, browse the Internet, watch […]
Read moreJanuary 16, 2014 8:35 am
The latest purchase of Google Inc. – the acquisition of Nest Labs Inc. – is considered to be an indication that Google becomes more focused into digital home automation, although the market is unproven and has been filled with expensive devices that cant communicate with each other. Nest Labs Inc. is a maker of smart […]
Read moreJanuary 16, 2014 7:39 am
People with knowledge of the matter revealed that the Chief Operating Officer of Yahoo! Inc. – Henrique de Castro – is about to be dismissed by Marissa Mayer, who is currently the Chief Executive Officer of the company. The reason for the dismissal after 14 months of collaboration is the fact Mrs. Mayer felt disappointed […]
Read moreJanuary 16, 2014 7:34 am
US stocks rose, with the Standard & Poor’s 500 Index erasing a loss for 2014 to close at a record, as the World Bank lifted its global growth forecast and Bank of America Corp.’s profit spurred a rally in financial shares. The S&P 500 added 0.5% to 1,848.38 at 4 p.m. in New York, surpassing […]
Read moreJanuary 15, 2014 3:46 pm
Google Inc. is currently spending more money than five of its most serious competitors in the U.S. combined. The company is trying to occupy some new markets, because its growth in Web advertising industry has become slower. This week the company made an official announcement that it is going to acquire Nest Labs Inc. in […]
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