December 20, 2013 12:18 pm
The fiscal second-quarter profit of Nike Inc. increased 40%. There is a sales growth reported in Western Europe, greater China and North America, which helps the company improve its overall sporting-gear results. The strong demand of both the U.S. and several international markets, as well as the continuously increasing interest in greater China is responsible […]
Read moreDecember 20, 2013 9:25 am
Mark Zuckerberg – the Chief Executive Officer of Facebook Inc. plans to sell companys shares in order to pay taxes in an offering estimated about 3.9 billion dollars. As reported by Bloomberg, Facebook will offer about 27 million shares, with an additional 41.35 million shares by Zuckerberg and 1.6 million from the board member Marc […]
Read moreDecember 20, 2013 7:33 am
US stocks close mixed on Thursday, after the Federal Reserve’s decision to cut stimulus yesterday, as investors weighed economic data that included jobless claims and home sales. The S&P 500 lost 0.1% to 1,809.60 at 4 p.m. in New York, trimming an earlier drop of 0.5%. The Dow Jones Industrial Average added 11.11 points, or […]
Read moreDecember 19, 2013 2:39 pm
This week John Chen – the new Chief Executive Officer of BlackBerry Ltd. gets the chance to convince the investors he has the right attitude in order to revive a unit thats pulling the companys sales back down to the levels of 2007, by rejecting calls to exit the hardware business. Mr. Chen was picked […]
Read moreDecember 19, 2013 1:13 pm
General Electric Co. is one of the leading technology and financial services companies worldwide, which develop and manufacture products for the generation, transmission, distribution, control and utilization of electricity. On Wednesday the company announced to its investors that it expects it next years revenue growth to increase, as the economy of the U.S. is becoming […]
Read moreDecember 19, 2013 10:39 am
Today Apples new Mac Pro personal computer sell-off is starting. The computer is being manufactured in Texas using components that have been produced in the country, as a part of the 100-million-dollar “Made-in-the-USA” plan of the companys Chief Executive Officer Tim Cook. Yesterday Mr. Cook wrote in Twitter: “We have begun manufacturing the Mac Pro […]
Read moreDecember 19, 2013 7:54 am
On Wednesday Oracle Corp., the enterprise software and computer hardware producer, managed to put an end to its run of disappointing quarterly earnings. The company announced that its quarterly revenues and profit had exceeded the Wall Street Journal analysts forecasts for the latest quarter. This result is due to hardware sales losses reduction, which proved […]
Read moreDecember 19, 2013 7:48 am
U.S. stocks gained, sending benchmark indexes to all-time highs, after the Federal Reserve said it will reduce the pace of its monthly bond purchases mainly due to expressed confidence in the labor market recovery. The Standard & Poor’s 500 Index advanced 1.7% to 1,810.65 at 4 p.m. in New York, surpassing its previous record close […]
Read moreDecember 18, 2013 3:35 pm
FedEx Corp. is one of the largest global shipping companies, and provides a portfolio of transportation, e-commerce and business services through its subsidiaries. The fiscal second-quarter of FedEx Corp. is reported to rose 14%, although it missed the analysts market estimates. The ground shipping revenue rose, but its express-shipping one decreased right in the critical […]
Read moreDecember 18, 2013 1:05 pm
The Qatalyst Partners of Frank Quattrone were hired by Sony Corp., which is looking to shed units in order to focus on fewer products. People, who are familiar with the matter said that Qatalyst is supposed to explore a sale of Sonys Gracenote audio-recognition software business. The annual revenue of the unit, which is now […]
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