Apple Inc. (NASDAQ:AAPL) has generated more sales last year of its iconic iPhone product in China than in the U.S. The Cupertino, California based tech giant is expected to make an announcement on the matter this week. Analysts link the huge sale in China to Apple’s deal with China Mobile, China’s biggest mobile carrier. The…
Google Inc (GOOGL) To Compete with AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) in Wireless Service through Sprint Corp (NYSE:S), T-Mobile US Inc (NYSE:TMUS)
Google Inc (NASDAQ:GOOGL) is reportedly up on plans to compete with mobile carriers AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) by offering a wireless service of its own through the network capacity of other mobile service providers. An anonymous source told Bloomberg that Google’s planned wireless service, to become known as Mobile Virtual Network…
GoPro Inc (GPRO) Stock Up After NHL Deal
GoPro Inc (NASDAQ:GPRO) shares surged as much as 5 percent in the day on Friday, before closing $52.51, or up 8.6 percent, after the wearable camera maker announced its very first agreement with a major sports league, the NHL (National Hockey League). The deal will bring GoPro cameras close to the game’s happenings, allowing viewers…
Microsoft Corporation (MSFT) Strengthens Cloud Infrastructure by Acquiring Startup Revolution Analytics
Microsoft Corporation (NASDAQ:MSFT) is seeking to boost its position in the cloud business industry by acquiring Revolution Analytics, a Mountain View, California-based startup involved with products and services based on the statistical programming language called R, a tool used to sift through data. The acquisition comes at a critical time when companies are increasingly seeing…
Amazon.com, Inc. (AMZN), Other Internet Retailers Stimulate Real Estate Surge in India
Amazon.com, Inc.(NASDAQ:AMZN) and its local rivals in the internet retailing business in India are contributing towards a real estate surge in the country as commercial activities from the industry drives growth in property leasing to accommodate retailers’ increasing needs for storage space. According to a report released by CBRE, a property consultant, India’s growing e-commerce…
International Business Machines (IBM) Stocks Down, Limits Gains on ECB Bets
International Business Machines Corp. (NYSE:IBM) shares declined 3.1 percent to $152.16, one day after reporting a weak quarterly result and a 2015 forecast that fell below estimates. The decline limited gains made by U.S. stocks on the Dow on news of stimulus from ECB (European Central Bank), but the blue-chip-index got a boost after UnitedHealth…
eBay Inc (EBAY) To Cut Jobs, Selling Enterprise Unit Ahead of PayPal Split
eBay Inc (NASDAQ:EBAY) will be reducing its global workforce by 7 percent, representing about 2,400 staff worldwide, as the e-commerce giant is reeling from the effects of a cyber-attack that forced it to ask customers to reset their passwords. “Eliminating jobs is never easy, but these decisions were necessary,” CEO John Donahoe said in a…
Boeing Co. (BA) Labor Unions Working for Conditions on $8.7 Billion Tax Breaks
Boeing Co (NYSE:BA)’s two biggest unions are working to push a legislative bill that will create conditions for the $8.7 billion tax incentive granted to Boeing and the aerospace industry by the state of Washington back in 2013. According to union leaders, two bills are being planned to be introduced in the current legislative session.…
Google Inc (GOGL) and Viacom, Inc (VIA) Can’t Be Sued for Children’s Privacy Violations: Ruling
Google Inc (NASDAQ:GOOGL) and Viacom, Inc. (NASDAQ:VIA) have won the dismissal of a multidistrict lawsuit filed against the two companies on charges of violating privacy of children under the age of 13. In dismissing the complaints in favor of Google and Viacom, U.S. District Judge Stanley Chesler of the District of New Jersey stated in…
AT&T Inc. (T): Net Neutrality A Pressing Issue
AT&T Inc. (NYSE:T) CEO Randall L. Stephenson believes that conflicting issues surrounding the matter of net neutrality may take no less than the Supreme Court to settle. Speaking at an interview with CNBC’s Squawk Box, Randall stressed net neutrality as the most pressing issue confronting the telecommunications industry in the United States. “We need a…