Stock News

Split between Apple and Bitcoin causes fans of the currency to abandon iPhones

The decision of Apple Inc. to remove a program used to send and receive Bitcoins from its App Store is said to become the main reason why many consumers abandon their iPhones. Technology enthusiasts who preferred Apples smartphones are said to share their disappointment with the companys new policy. Apple Inc. requires applications to be […] Read more

IBM to explore a sale of its semiconductor business

International Business Machines Corp. (IBM) said it is considering a sale of its semiconductor business. Such a deal is reckoned by analysts as the most important strategic move of the company since the financial crisis it dealt with in the early 1990s. People with knowledge of the matter reported that Goldman Sachs has been appointed […] Read more

LinkedIn Corp. sales forecast lags behind projections amid slow growth

LinkedIn Corp. announced its sales forecast, which trailed analysts estimates and pushed its stock down as much as 15% in extended trading. The company also revealed that all three of its professional-networking websites businesses have been experiencing slower growth. LinkedIn Corp. made an official statement, saying that its first-quarter revenue is expected to be 455 […] Read more

General Motors fourth-quarter profit misses analysts’ estimates

General Motors Co. announced that its fourth-quarter profit missed analysts estimates as the company lost money in Asia outside of China. In addition, General Motors paid higher taxes and underwent through some reorganization changes in Europe. General Motors made an official statement today, saying that its profit, excluding one-time items, was estimated to 67 cents […] Read more

Vodafone Group’s service revenue tops analysts’ estimates on growth in India

Vodafone Group Plc, which is currently the second-largest mobile-phone carrier, announced a smaller decrease in its service revenue than the initially expected one. Vodafone made an official announcement today, revealing that its service revenue, excluding currency swings and acquisitions, decreased by 4.8% and reached 9.8 billion pounds (16 billion dollars) in its third quarter that […] Read more

Coca-Cola Co. announces the acquisition of a 10% stake in Green Mountain Coffee

Coca-Cola announced that it reached an agreement with Green Mountain Coffee Roasters Inc. to acquire a 10% stake in the latter. The deal is estimated to about 1.25 billion dollars. Coca-Cola Co. also said it agreed to work with Green Mountain in order to introduce a system for producing single-serve cold drinks. The company made […] Read more

Alcatel posts first quarterly profit in two years, announces an enterprise unit bid

Alcatel-Lucent officially announced its first quarterly profit in two years after divesting some of its assets in order to stem losses. The company also revealed it had received an offer for a communications equipment unit. Alcatel posted a net income estimated to 134 million Euro (181 million dollars), compared with its 1.56-billion-Euro loss in 2013. […] Read more

HTC Corp. seeks change, bets on new devices and renewed focus on marketing

HTC Corp. announced there is an updated version of its first wearable device – the One smartphone, which is expected to help the company exit the vicious circle of two consecutive annual revenue declines, along with a renewed focus on marketing. The Chief Financial Officer and Head of global sales of HTC – Chang Chialin, […] Read more

Twitter Inc. announces worse-than-expected results, user growth slows down

Twitter Inc. made its first earnings report as a public company and revealed that its user growth has decreased. The company also posted a net loss that exceeded analysts estimates. Twitter Inc.s shares dropped as much as 19% in extended trading. The company made an official statement, saying it had 241 million active users on […] Read more

Google Inc. and the European Union reach an agreement about search row

Google Inc. announced that its three-year antitrust battle with the European Union is to come to an end with an agreement. The company and the European Union reached the accord after Brussels accepted Googles latest offer to give its competitors more distinction in search results. After more than two years of negotiations and three separate […] Read more