December 18, 2014 4:01 pm
Netflix Inc reported on Wednesday that it struck an agreement with Dish Network Corp. to implement its application into the satellite providers latest set-top units as a part of its expansion to US pay-TV. This is the first deal that the streaming video service inks with a big US pay-TV provider, enabling Netflix to reach […]
Read moreDecember 18, 2014 2:05 pm
IBM announced a plan to increase its data center numbers across the world in order to better compete with other technology companies for a share in the fast-growing demand for online services. IBM said on Wednesday it had reached a deal with Equinix, provider of carrier-neutral data centers, to boost its international network by nine […]
Read moreDecember 18, 2014 11:04 am
Sony Pictures Entertainment canceled the release of its Kim Jong Un comedy “The Interview” after five of the biggest US cinema chains said they would not display the movie. Cinemark, AMC, Regal Entertainment and Cineplex followed Carmikes decision to not screen the comedy, which was set to be released at Christmas Day. However, it wont […]
Read moreDecember 18, 2014 9:42 am
Oracle Corp. reported that profit and sales in the second fiscal quarter ended November 30th topped analysts forecasts, marking a successful transfer of power to co-Chief Executive Officers Ms. Safra Catz and Mr. Mark Hurd who took over three months ago. According to the companys statement, Oracles profit excluding stock-based compensation, restructuring-related changes and other […]
Read moreDecember 18, 2014 9:40 am
The largest liquor manufacturer in the world, Diageo Plc, reported its Thanksgiving sales, which came short of projections, as its growth in the US spirits industry declined. As a result, the companys shares fell the most in eight months in London trade. North America is the largest and most profitable market of the U.K.-based Diageo. […]
Read moreDecember 18, 2014 8:28 am
BlackBerry revealed a new physical keyboard-equipped device, which is expected to bring the Canada-based company back to its roots and lure back traditional customers. The company said that it is planning to work in collaboration with different carriers all over the world in order to reach more customers. The new phone by BlackBerry is currently […]
Read moreDecember 17, 2014 3:47 pm
FedEx Corp reported increased quarterly profit, but below expectations due to higher aircraft maintenance expenses as the US delivery giant restated its full-year earnings outlook. For the fiscal second quarter ended November 30, Memphis-based FedEx reported a 5% increase in revenue to $11.9 billion, compared to last years $11.4 billion. The companys performance benefited from […]
Read moreDecember 17, 2014 1:34 pm
WPP has appointed Roberto Quarta to take Philip Laders place as chairman of the board, starting next year. Mr. Quarta will step in as non-executive director and chairman-designate of the worlds biggest advertising group by sales on January 1. He is expected to become chairman after the companys annual general meeting in June. Mr. Quarta […]
Read moreDecember 17, 2014 1:03 pm
Philips Electronics made an official statement today that it reached an agreement over the acquisition of Volcano Corp. in a deal estimated to over $1 billion. The step is considered as part of companys strategy to expand its reach in catheter-based imaging of both the heart and blood vessels in an attempt to focus on […]
Read moreDecember 17, 2014 10:03 am
Chinas technology giant Tencent Holdings Ltd announced on Tuesday that it had reached a distribution deal with Sony Music Entertainment. Asias second biggest Internet company said it had struck a deal with the Japanese company, which would give Tencent the exclusive rights over the online distribution in China of Sony Musics library, which includes artists […]
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