Southwest Airlines Co (NYSE:LUV)’s 15-day exemption from derivatives trading transparency is raising concerns among regulators and stimulated arguments regarding the impact of such a move to the market. An exclusive report by Reuters cited an unnamed person familiar with the CFTC approval process as confirming that Southwest ‘s exemption from the rules, enabling the company…
Intel Corporation (INTC) Boosts ‘Internet of Things’ Business, Acquires Lantiq
Intel Corporation (NASDAQ:INTC) is positioning itself in ‘Internet of Things’ and has agreed to buy Lantiq, a German firm specializing in home networking technologies and broadband access. Lantiq was previously under Infineon, and was bought in 2009 for about $400 million by Golden Gate Capital, a San Francisco, California-based private equity firm. Deutsche Telekom are…
Apple Inc. (AAPL) to Establish Data Center from Failed Arizona Sapphire Plant
Apple Inc. (NASDAQ:AAPL) will invest an amount of $2 billion to transform a failed sapphire glass plant in Arizona into a massive data center. The plant is owned by Apple since 2013 and has an area of over 1.3 million square feet. It was used by GT Advanced Technologies Inc. to manufacture sapphire glass for…
McDonald’s Corporation (MCD) Will Stall Russian Expansion On Weak Ruble
McDonald’s Corporation (NYSE:MCD)’s operations in Russia will be heavily impacted by the falling ruble, which shed about 50 percent of its value since early 2014. The currency’s steep decline have catalyzed inflation, hurting consumers as much as it is causing a rise in the costs of expansion. The ruble has suffered both from the low…
Ford Motor Company (F) Braces For Impact of Russian Ruble, Worsening Economy
Ford Motor Company (NYSE:F) chief financial officer Bob Shanks pointed to the falling ruble and the worsening economy as factors that makes a heavy pressure on the carmaker’s market share in Russia. In an interview with German daily Handelsblatt quoted by Reuters, Hanks said that “2015 does not look good” for Ford. The company have…
International Business Machines Corp. (IBM) Restores Top Execs’ Bonuses In The Face Of Dwindling Profits
International Business Machines Corp. (NYSE:IBM) reported in its filing with the Securities and Exchange Commission that it is awarding a bonus worth $3.6 million to CEO Virginia Rometty, as well as bonuses for the company’s senior managers. The Big Blue is awarding the bonuses despite weak performance for the past year, wherein net income declined…
Alibaba Group Holding Ltd (BABA) Convenes With China Regulator Over Fakes Scuffle
Alibaba Group Holding Ltd (NYSE:BABA) CEO Jack Ma met with the head of China’s State Administration for Industry and Commerce (SAIC) on the same day that the commerce regulator has publicly criticised the giant internet retailer for allegedly tolerating the proliferation of fake goods in its sites. The meeting, which was initiated by the SAIC…
Google Inc (GOOGL) Conforms With U.K. Data Regulator Over Privacy Policy
Google Inc (NASDAQ:GOOGL) has agreed to make clear delineations with users in the U.K. about how it handles personal information in a “formal undertaking” with the Information Commissioner’s Office (ICO) after the said agency found the search giant’s privacy policy to be too vague. The regulatory agency announced in a statement that it is requiring…
Google Inc (GOOGL) Fourth Quarter Revenue Not Up To Wall Street
Google Inc (NASDAQ:GOOGL) reported its fourth quarter results on Thursday, posting a growth slowdown of 10 percent as against comparable period of the previous year, trailing behind results from other tech giants including Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB). The report raised concerns that the search giant is into many businesses all at once,…
Ford Motor Company (F) Margins Down on Higher Costs
Ford Motor Company (NYSE:F) reported a meager quarterly earnings of a penny per share at $52 million, a sharp slip of almost $3 billion over the previous year, The result highlights the carmaker’s higher costs for the year on account of special charges for restructuring operations in Europe, as well as expenses associated with the…