January 27, 2014 8:44 am
Google Inc. and Samsung Electronics Co. Ltd have made their partnership stronger thanks to wide-ranging patent licensing agreement. The agreement is to be signed considering the intellectual property battles with some smartphone competitors such as Apple Inc., which have recently become more intense. As reported by the Financial Times, the deputy General Counsel for patents […]
Read moreJanuary 27, 2014 8:37 am
Google has made its largest European acquisition yet with the purchase of DeepMind, an artificial intelligence start-up based in London. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing the source of the information. DeepMind was operating in a secretive “stealth mode” before it had […]
Read moreJanuary 26, 2014 10:48 am
Fiats CEO Sergio Marchionne considers New York Stock Exchange to be the primary market for shares of the company created from a merger with Chrysler Group LLC, people familiar with the matter said. Sergio Marchionnes proposal would mirror the direction taken last year by Fiats sister company, CNH Industrial, of which hes chairman. It would […]
Read moreJanuary 25, 2014 10:15 am
US stocks fell for the week, pushing benchmark indexes their biggest losses since 2012, as signs of industrial weakness in China spurred concern that global growth would tumble. The S&P 500 fell 2.6% to 1,790.29 over the four trading days, posting its largest decrease since June 2012 and adding losses for second straight week. The […]
Read moreJanuary 24, 2014 2:25 pm
The Vice Chairman of General Electric Co. John G. Rice announced that the global economy “was getting better, not worse”. Mr. Rice also said that “there was tremendous underlying demand for infrastructure” beneath lower growth expectations for emerging markets, as cited by the Wall Street Journal. Mr. Rice gave a private interview at the World […]
Read moreJanuary 24, 2014 12:52 pm
The biggest smartphones manufacturer in the world – Samsung Electronics Co. – announced its slowest profit growth since 2011. At the same time, high-end customers are being tempted by new iPhones of Apple Inc. Samsung Electronics also revealed in a filing today that its net income, excluding minority interest, increased by 5.4% and reached 7.22 […]
Read moreJanuary 24, 2014 10:12 am
Qualcomm Inc. announced that it purchased a portfolio of patents form Hewlett-Packard Co., and by doing this it acquired intellectual property, which includes the mobile operating systems fundamentals. The company also explained that the patents include the ones related to Palm, as well as to iPaq mobile devices of Hewlett-Packard. The technology of Bitfone Corp., […]
Read moreJanuary 24, 2014 9:02 am
In his last months at the position of Chief Executive Officer of Microsoft Corp.s, Steve Ballmer managed to deliver results even higher than expectations thanks to the increased interest of the companys customers towards game consoles and cloud software during the last quarter of 2013. The company made a statement yesterday, reporting that its revenue […]
Read moreJanuary 24, 2014 7:48 am
McDonalds Corp. announced that its fourth-quarter profit was nearly flat, thanks to the fact that its global same-restaurant sales creep down and expenses of the company rose. Don Thompson, who is the Chief Executive Officer of the company, said that 2013 was “a challenging year” for McDonalds and explained that the difficulties remain. That is […]
Read moreJanuary 24, 2014 7:41 am
US stocks declined, with the Dow Jones Industrial Average tumbling to a one-month low, as China’s manufacturing contracted and investors analyzed corporate earnings. The S&P 500 index lost 16.40 points, or 0.9%, to 1828.46, and the Nasdaq Composite Index dropped 24.13 points, or 0.6%, to 4218.87. Materials and financials led declines in all 10 of […]
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