January 28, 2015 12:52 pm
Sony Corp. might be planning the reduce its workforce by another 1 000 staffers, employed in the companys struggling smartphone division, in line with its plan to return the unit to profitability. Last October the Japanese electronics and entertainment company said it will part ways with 1 000 workers at its Xperia unit, which has […]
Read moreJanuary 28, 2015 10:53 am
AT&T Inc reported on Tuesday higher-than-anticipated earnings and revenue in the fourth quarter, despite increased competition from smaller rivals. For the final three months of last year, AT&T stated a revenue of $34.4 billion, up 3.8% compared year-on-year. Earnings per share were $0.77 on a net loss of $4 billion, in the fourth quarter of […]
Read moreJanuary 28, 2015 9:20 am
Yahoo! Inc announced on Tuesday its plan to spin-off its 15% stake in the Chinese e-commerce behemoth Alibaba Group Holding after facing shareholder pressure. The company said it will separate itself from its stake in Alibaba by the fourth quarter of this year. Yahoo! said the spin-off of its $40 billion stake would be tax-free […]
Read moreJanuary 28, 2015 8:08 am
Gold fell on Wednesday as investors weighed the possibility for an interest rate increase as an outcome from the Federal Reserves two-day policy meeting. Comex gold for delivery in February slid 0.36% to $1 287.1 per troy ounce by 07:46 GMT, shifting in a daily range of $1 293.3 – $1 286.6. The precious metal […]
Read moreJanuary 27, 2015 4:11 pm
Philips said on Tuesday that its full-year net income dropped 67% as the company lags behind its financial plan due to currency impacts and lower demand. The 123-year-old company, which makes electronics ranging from healthcare scanners to lighting bulbs, reported a net income of €134 million for the twelve months ended December 31, down from […]
Read moreJanuary 27, 2015 2:39 pm
Pfizer Inc announced on Tuesday it expects a drop in sales this year as the largest US drugmaker reported a decline in revenue during the fourth quarter. Pfizer stated a revenue of $13.12 billion during the three months ended December 31, down 3.3% from last years $13.55 billion. Net income for the quarter stood at […]
Read moreJanuary 27, 2015 1:07 pm
On Tuesday morning Facebook Incs social networking website went offline for nearly an hour after what the company said was the introduction of an update. Facebooks chat and dating applications, Aim and Tinder, were also down alongside with its photo-sharing website Instagram. Services that allow customers to use their social networks information to login onto […]
Read moreJanuary 27, 2015 11:06 am
Swedish telecom Ericsson announced on Tuesday lower-than-expected results as sales in the fourth quarter were hurt by a slowdown in its North American operations. Ericsson, the worlds largest producer of mobile network equipment, reported a 5% decline in sales in North America. The company said mobile operators in the region changed their priorities from building […]
Read moreJanuary 27, 2015 9:32 am
Microsoft Corp announced on Monday disappointing results from its core products as the technology giant shifts it focus to cloud computing. The company reported a 114% revenue increase in its commercial cloud business during the second financial quarter, boosted by strong performance of Office 365, which scored a quarter-on-quarter gain of 30% in subscribers to […]
Read moreJanuary 27, 2015 8:37 am
Gold was little changed on Tuesday after two days of declines amid speculations that the Federal Reserve will not initiate an interest rate hike at its upcoming policy meeting, despite a stronger US economy. Comex gold for delivery in February slid 0.04% to $1 278.9 per troy ounce by 08:18 GMT, shifting in a daily […]
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