January 17, 2014 1:32 pm
Royal Dutch Shell Plc announced that it expects its fourth-quarter profit to be “significantly lower than recent levels”. The main reasons for this decline are deteriorating refining markets in oil products industry, current oil and gas prices and mounting losses in North and South America. This is the first profit warning of the oil company […]
Read moreJanuary 17, 2014 10:27 am
Google Inc. announced that it is testing an ocular device designed especially to measure glucose levels in tears, which will help diabetics track their blood sugar levels. Tiny wireless chip and glucose sensor are used by the lenses in order to provide readings once per second. Brian Otis and Babak Parviz are the co-founders of […]
Read moreJanuary 17, 2014 9:36 am
Goldman Sachs Group Inc. announced a strong performance in equity underwriting, but it also faced its worst year when it comes to fixed income trading since 2005. Its overall profits fell 10% to 2.3 billion dollars. Goldman Sachs Group Inc.s fourth-quarter revenues for equity underwriting were benefited by initial public offerings, which helped the company […]
Read moreJanuary 17, 2014 8:04 am
The third-biggest bank by assets in the U.S. – Citigroup Inc. announced that it has managed to more than double its fourth-quarter net income to 2.7 billion dollars. However, it missed the analyst estimates, due to the fact that mortgage banking and fixed-income trading collapsed. Currently the bank is dealing with the same difficulties associated […]
Read moreJanuary 17, 2014 7:42 am
U.S. stocks declined, after the Standard & Poor’s 500 Index closed at a record high yesterday, as Best Buy Co. tumbled and some earnings at companies such as Citigroup Inc. disappointed investors. The S&P 500 lost 0.1% to 1,845.89 at 4 p.m. in New York, dragging the gauge lower for the year. The Dow Jones […]
Read moreJanuary 16, 2014 2:33 pm
International Business Machines Corp. (IBM) has managed to accumulate more patents in the U.S. than any other company for the 21st straight year. This accomplishment was achieved thanks to the fact the company pushed itself into big-data services, which helped IBM gather large quantities of information within its reach. Samsung Electronics Co. ranked second, and […]
Read moreJanuary 16, 2014 1:23 pm
Despite the fact that Samsung Electronics invested a lot of efforts and money in the advertising of Galaxy Gear smartwatch, the company has not managed to make the grand breakthrough it has been hoping for. Nevertheless, the technological giant based in South Korea, still hopes for gaining success thanks to a new application. The latter […]
Read moreJanuary 16, 2014 11:45 am
People familiar with the matter reported that Hans Vestberg, who is the Chief Executive Officer of Ericsson AB, is considered as a potential successor of Steve Ballmer by the board of Microsoft Corp. The people, who asked not to be named, because the process is kept in privacy, revealed that Mr. Vestberg is in the […]
Read moreJanuary 16, 2014 9:44 am
Apple Inc. is currently facing a real challenge while trying to boost its share on the Chinese market by selling handsets through China Mobile Ltd. starting Friday. The companys difficulties come from the fact that a large number of Chinese customers prefer purchasing large-screen devices in order to check their e-mails, browse the Internet, watch […]
Read moreJanuary 16, 2014 8:35 am
The latest purchase of Google Inc. – the acquisition of Nest Labs Inc. – is considered to be an indication that Google becomes more focused into digital home automation, although the market is unproven and has been filled with expensive devices that cant communicate with each other. Nest Labs Inc. is a maker of smart […]
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