February 3, 2014 8:09 am
Samsung Electronics has been facing some difficulties with issuing their own OS as the Korean giant was planning to compete with Apple and Google. The worlds largest smartphone maker reported it will invest a large amount of resources on an operating system called Tizen to challenge the mobile software duopoly of iOS and Android. Tizen […]
Read moreFebruary 2, 2014 9:55 am
AT&T Inc announced a price cut for customers who share large data plans in its latest attempt catch up with market leader Verizon Wireless and fourth largest U.S. operator T-Mobile US. The mobile provider, called it “best-ever prices,” and said a family of four can get unlimited talk and text with 10GB of shared data […]
Read moreFebruary 1, 2014 9:31 am
US stocks retreated on Friday pressing the Standard & Poor’s 500 Index to its worst January since 2010, as some earnings reports disappointed investors and slump in emerging markets continued. The S&P 500 retreated 0.7% to 1,782.43 at 4 p.m. The index fell 0.4% over the past five days rcording a third week of losses. […]
Read moreJanuary 31, 2014 2:44 pm
Zynga Inc. announced that it will cut 15% of its staff. In addition, the company has decided to spend 527 million dollars to acquire a popular mobile developer. This decisions are part of the steps of Zynga Inc. to bring back its footing in casual video games. The stocks of the company rose after it […]
Read moreJanuary 31, 2014 1:19 pm
Honda Motor Co. Ltd announced that its net profit for the quarter from October to December 2013 more than doubled from the one posted in 2012, due to the weaker yen and the companys solid sales in Japan, North America and other Asian markets compensate for the solid investments made in new plants in emerging […]
Read moreJanuary 31, 2014 11:35 am
Two people with knowledge of the matter reported that a successor to the Microsofts Chief Executive Officer Steve Ballmer may be named by the directors of the company within days. One of the people explained that the Executive in charge – Satya Nadella – is considered as the most likely choice, cautioning that the board […]
Read moreJanuary 31, 2014 9:22 am
Google Inc. announced that its fourth-quarter sales that beat analysts estimates as retailers spent more on advertising during the Christmas holiday season, making up for lower ad prices. The company made an official statement, saying that its revenue, excluding sales passed on to partners, rose by 11% and reached 13.6 billion dollars. Google Inc. also […]
Read moreJanuary 31, 2014 8:30 am
The largest Web retailer in the world – Amazon.com Inc. – announced that its fourht-quarter revenue and profit trailed the analysts estimates. These results were facilitated by the fact that sales growth outside the U.S. slowed, and the holiday shipping costs of the company increased. Amazon.com Inc. made a statement today, explaining that its net […]
Read moreJanuary 31, 2014 7:28 am
Stocks rebounded from a string of declines sparked by turmoil in developing markets. Stronger-than-forecast earnings reports helped pushing stocks toward gains, investors said, led by Facebook and Visa. The Dow Jones Industrial Average advanced 109.82 points, or 0.7%, to close at 15848.61. The S&P 500 added 19.99 points, or 1.1%, to 1794.19, the biggest gain […]
Read moreJanuary 30, 2014 1:33 pm
Royal Dutch Shell Plc announced that it has decided to suspend its controversial drilling in Arctic waters off Alaska as part of a multibillion-dollar scaling back of spending on new projects under Ben van Beurden, who is the new Chief Executive Officer of the company. Today the oil company announced that an appeals decision of […]
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