December 21, 2013 12:35 pm
As the Wall Street Journal reported yesterday, BlackBerry Ltd. recorded its worst-ever quarterly loss estimated to 4.4 billion dollars. The company explained the loss with the fact the sales of its new line of smartphones are lower than initially expected. After the Chief Executive Officer announced a new manufacturing deal and explained that the company […]
Read moreDecember 21, 2013 8:51 am
Oracle Corp. provides enterprise software and computer hardware products and services and is known as the largest database maker worldwide. Yesterday, the company agreed to buy Responsys Inc. The deal is estimated to 1.5 billion dollars and is considered to up the ante of the technology company acquisitions that are yet to come. Bloomberg reported […]
Read moreDecember 20, 2013 3:36 pm
Management reorganization at General Motors and the scaling back of the companys union with PSA Peugeot Citroen, have provoked certain insecurity over the carmakers strategy for Opel in the U.S. At the same time, European carmaker business seemed to become more stable. A Reuters reported The sixth boss of Opel over the last ten years […]
Read moreDecember 20, 2013 2:48 pm
Telefonica SA is one of the largest integrated telecommunications operators. The company provides communication, information and entertainment solutions operating through four business units. As reported by Bloomberg earlier today, the companys bid to combine its German phone unit with Royal KPN NVs E-Plus will face a probe by European authorities. People familiar with the matter […]
Read moreDecember 20, 2013 12:18 pm
The fiscal second-quarter profit of Nike Inc. increased 40%. There is a sales growth reported in Western Europe, greater China and North America, which helps the company improve its overall sporting-gear results. The strong demand of both the U.S. and several international markets, as well as the continuously increasing interest in greater China is responsible […]
Read moreDecember 20, 2013 9:25 am
Mark Zuckerberg – the Chief Executive Officer of Facebook Inc. plans to sell companys shares in order to pay taxes in an offering estimated about 3.9 billion dollars. As reported by Bloomberg, Facebook will offer about 27 million shares, with an additional 41.35 million shares by Zuckerberg and 1.6 million from the board member Marc […]
Read moreDecember 20, 2013 7:33 am
US stocks close mixed on Thursday, after the Federal Reserve’s decision to cut stimulus yesterday, as investors weighed economic data that included jobless claims and home sales. The S&P 500 lost 0.1% to 1,809.60 at 4 p.m. in New York, trimming an earlier drop of 0.5%. The Dow Jones Industrial Average added 11.11 points, or […]
Read moreDecember 19, 2013 2:39 pm
This week John Chen – the new Chief Executive Officer of BlackBerry Ltd. gets the chance to convince the investors he has the right attitude in order to revive a unit thats pulling the companys sales back down to the levels of 2007, by rejecting calls to exit the hardware business. Mr. Chen was picked […]
Read moreDecember 19, 2013 1:13 pm
General Electric Co. is one of the leading technology and financial services companies worldwide, which develop and manufacture products for the generation, transmission, distribution, control and utilization of electricity. On Wednesday the company announced to its investors that it expects it next years revenue growth to increase, as the economy of the U.S. is becoming […]
Read moreDecember 19, 2013 10:39 am
Today Apples new Mac Pro personal computer sell-off is starting. The computer is being manufactured in Texas using components that have been produced in the country, as a part of the 100-million-dollar “Made-in-the-USA” plan of the companys Chief Executive Officer Tim Cook. Yesterday Mr. Cook wrote in Twitter: “We have begun manufacturing the Mac Pro […]
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