January 22, 2014 9:43 am
A seventh straight quarterly-sales decline was posted by the biggest provider of computer services in the world – International Business Machines Corp. (IBM) amid the increasing servers demand on the market. This forced the top executives of the company to forgo their annual bonuses for 2013. The company revealed in a statement that its fourth-quarter […]
Read moreJanuary 22, 2014 9:18 am
US stocks closed mixed as the latest batch of earnings news didnt manage to give the market a fresh sense of direction. The S&P 500 index added 5.10 points, or 0.28%, to 1843.80, with utilities and materials shares leading gains in eight of 10 sector groups. That reversed an earlier loss of as much as […]
Read moreJanuary 22, 2014 8:23 am
Amazon.com Inc., which is known as the largest online retailer in the world, has began a rights acquisition campaign towards the media companies in the U.S. The people, who asked not to be named because the negotiations are still not public, said that the company is reaching for an online pay-television service, which would help […]
Read moreJanuary 21, 2014 2:59 pm
Intel Corp. announced that it agreed to sell its online TV products and services development business unit to Verizon Communications Inc. The sum of the deal has not yet been announced. Although the counterparts did not disclose any of the terms of the deal, Intel was said by some media reports to be seeking about […]
Read moreJanuary 21, 2014 1:59 pm
Twitter Inc. has actually rarely mentioned that its user base is more racially diversified than Internet users in the U.S. as a whole. The company became public just recently and as such fell in the need to generate revenue, which is one of the main reasons why it is becoming more focused on capitalizing on […]
Read moreJanuary 21, 2014 12:41 pm
Cairn Energy Plc announced that it plans to spud nine exploration wells by the end of 2014. This is a part of the companys exploration campaign estimated to 400 million dollars, which is expected to make 2014 the busiest year for Cairn Energy in the last ten years. The companys Chief Executive Officer Simon Thomson […]
Read moreJanuary 21, 2014 10:55 am
Vivendi SA, which conducts operations ranging from music, games and television to film and telecommunications is currently preparing a spinoff of its French phone business SFR, people with knowledge of the matter who asked not to be named, reported. The company is also said to be considering a possible sale of the unit in question […]
Read moreJanuary 21, 2014 9:40 am
Samsung Electronics Co.s earnings report will be paid closed attention by investors this week as they look for any possible signs of weakness in the smartphone market, which may put an end to its streak of record results. Over the last two years, Samsung Electronics Co.s profits have been constantly powered by the strong smartphone […]
Read moreJanuary 21, 2014 7:42 am
The largest oil company in Europe – Royal Dutch Shell Plc – announced that it has decided to sell its stake in a natural-gas project, which is based in Australia. The deal is estimated to 1.14 billion dollars in cash. Shell is expected to sell its 8% equity interest in the Wheatstone-lago gas field and […]
Read moreJanuary 20, 2014 3:55 pm
Lenovo Group Ltd is currently negotiating with International Business Machines Corp. in order to acquire its low-end server business. According to a person familiar with the matter, a deal may be signed within a few weeks. Currently, Lenovo Group is considered the largest personal-computer manufacturer in the world. The person, who asked not to be […]
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