January 5, 2014 11:02 am
AT&T Inc. said it will pay T-Mobile Inc. customers as much as $450 to switch to their services, in an unusual move as the competition for subscribers between the wireless rivals gets fierce. T-Mobile has launched an assault on its larger rival under Chief Executive John Legere, who has taken aim at AT&T in television […]
Read moreJanuary 4, 2014 9:17 am
US stocks fell for a second day, correcting the biggest annual rally for the Standard & Poor’s 500 Index since 1998, as investors focused on comments from Federal Reserve officials on stimulus and the economy’s strength. The S&P 500 dropped less than 1 point to 1,831.37 at 4 p.m. in New York. The Dow Jones […]
Read moreJanuary 3, 2014 2:38 pm
As the Financial times reported earlier today, Next Plc raised its forecast for full-year profits. The U.K. fashion chain proclaimed itself as a winner of the Christmas shopping season. The last holiday trading period was quite difficult for retailers, especially considering the fact that most stores made heavy discounts in order to meet the customers […]
Read moreJanuary 3, 2014 1:08 pm
The President and Chief Operating Officer of Qualcomm Inc. – Steve Mollenkopf – contributed to the strengthening the positions of the companys chips as the top-selling phones in the world. Qualcomms President now takes the challenge of making a more serious invasion in the Chinese market, which is considered the worlds biggest. Steve Mollenkopf has […]
Read moreJanuary 3, 2014 9:55 am
Cybersecurity company FireEye Inc. revealed it has acquired the computer forensics specialist company Mandiant Corp., which specializes in malware detection and incident response. The deal was finalized on December the 30th and is estimated to 1.05 billion dollars and its goal is to help FireEye Inc. consolidate providers of services that protect computer networks from […]
Read moreJanuary 3, 2014 7:53 am
The Chairman of Samsung Electronics Co. – Lee Kun Hee pushed the employees of the company to adopt some new ways of thinking and try to shift their focus on hardware, which he believes would give the company, which is considered the worlds biggest smartphone and televisions manufacturer, the opportunity to maintain its growth. Here […]
Read moreJanuary 3, 2014 7:34 am
US stocks started the year with a decline for the first time since 2008, after a 2013 rally that brought the biggest gains in 18 years for the Dow Jones Industrial Average. The Dow slid 135.31 points, or 0.8%, to 16441.35. Traders and strategists said the sell-off was driven by investors paring positions in US […]
Read moreJanuary 2, 2014 3:00 pm
Fiat SpA announced yesterday that it would get full control of Chrysler Group LLC after finalizing a deal estimated to 4.35 billion dollars. The deal is expected to give both auto companies a chance for consolidation. The deal also assumes a value of over 10 billion dollars for Chrysler, which is a value within the […]
Read moreJanuary 2, 2014 9:45 am
As reported by the Wall Street Journal, Apple Inc. made a statement on Tuesday this week denying it worked with the National Security Agency (NSA) in order to provide the latter with a backdoor way to spy on iPhone users. The company also claims that it was not aware of the existence of any program […]
Read moreJanuary 2, 2014 8:04 am
The two largest automakers in South Korea – Huyndai Motor Co. and its affiliate Kia Motors Corp. announced they expect slowest sales growth in almost a decade during 2014. On the other hand, the competition between them and their Japanese rivals, which benefit from a weaker yen, is becoming more fierce than ever. The companies […]
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