Stock News

Lenovo’s CEO is determined to end Motorola Mobility’s losses in four to six quarters

The Chief Executive Officer of Lenovo Group Ltd. – Mr. Yang Yuanqing – said that the company, which is acquiring Google Inc.s Motorola Mobility unit, plans to make it profitable within four to six quarters without layoffs. Yesterday Chief Executive Officer Yang said in an interview at the Mobile World Congress, which was cited by […] Read more

Boeing Co. seeks buyers for its earliest 787 Dreamliners estimated to 1.1 billion dollars

According to people familiar with the matter, Boeing Co. is currently trying to find buyers for 11 of its earliest 787 Dreamliners, which are estimated to 1.1 billion dollars. The company is making this step after two airlines cancelled their orders for the models remnant jets. The jets are currently partially completed and have been […] Read more

Cisco Systems Inc. raises 8 billion dollars in bond sale to finance stock buybacks

Cisco Systems Inc. managed to raise 8 billion dollars through the worlds largest bond sale in 2014 that was made in order to help the company finance its stock buybacks after shares decreased by almost 6% in a period of six months. According to data compiled by Bloomberg, Cisco issued debt in seven parts with […] Read more

HTC Corp. reveals the Desire 816 in an attempt to increase its growth in cheaper smartphones

At the Mobile World Congress in Barcelona, HTC Corp. revealed a lower-priced smartphone as the latest attempt to increase its growth in cheaper devices. Peter Chou, who is the Chief Executive Officer of HTC Corp., made an official statement at a press conference saying that the new Desire 816 is expected to be available in […] Read more

Dixons Retail Plc in talks over a possible merger with Carphone Warehouse Group

Currently, Dixons Retail Plc is the biggest consumer-electronics retailer in the U.K. The company announced that it is negotiating an eventual merger with Carphone Warehouse Group Plc. The two companies, whose combined revenue is estimated to about 12 billion pounds (20 billion dollars), made an official statement today, revealing that negotiations between them are at […] Read more

Netflix Inc. reaches an agreement with Comcast Corp. for faster web access

According to three people with knowledge of the matter, Netflix Inc. has reached an agreement with Comcast Corp. to get a more direct access to the broadband network of the latter. This step aims to increase the speed of Netflixs services, as well improve their reliability. Yesterday the two companies made and official statement, announcing […] Read more

Alcatel forecasts winning market share without reducing prices

The network-equipment manufacturer Alcatel-Lucent SA, which posted a profit last quarter for the first time in two years, forecast that it can win market share from its competitors without reducing prices. Alcatel-Lucent SA made an announcement, saying it has made a research and development collaboration with Intel Corp. The company also revealed that it is […] Read more

Microsoft Corp. to push into mobile software, develops cheaper phones for emerging markets

Microsoft Corp. said that it will hasten a push into mobile software field under the leadership of its new Chief Executive Officer Satya Nadella. The company revealed it is working in collaboration with hardware manufacturers and Qualcomm Inc. in order to develop cheaper handsets that are to be offered on emerging markets. Yesterday, Microsoft Corp. […] Read more

Nokia Oyj considers expanding its sales alliance with Juniper Networks Inc.

According to the Chief of the network-equipment business of Nokia Oyj, the company is now becoming more oriented towards increasing its sales collaboration with Juniper Networks Inc. The head of the division in question, however, said an eventual merger between the two companies was unlikely. The Chief Executive Officer of Nokia Solutions and Networks – […] Read more

Microsoft Corp. plans to lower Windows price by 70% to face the competition of Apple Inc. and Google Inc.

People with knowledge of the matter reported that Microsoft Corp. plans to lower the price of Windows 8.1 for low-cost computers and tablets manufacturers by 70% in an attempt to overcome more affordable competitors such as Google Inc.s Chromebooks. The people familiar with the plans, who asked not to be identified because the more specific […] Read more