Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL), along with other Silicon Valley tech giants, will be paying about $415 million in settlement of an anti-poaching class action suit filed against it in 2011 by tech employees, accusing the companies of collusion that violated their rightful interests as workers. In a court filing, the plaintiffs noted…
Intel Corporation (INTC) Shares Slide on Weak First Quarter Outlook
Intel Corporation (NASDAQ:INTC) shares was down in after hours trading on Thursday on news of a gloomy first quarter, after the chipmaker have posted fourth quarter that beat expectations. Currently trading at $36.19 per share at the NASDAQ, Intel stock was down 2.8 percent, or as much as $35.16, in extended session before closing to…
Apple Inc. (AAPL) Sued by Ericsson (ADR) (ERIC) for LTE Royalty
Apple Inc. (NASDAQ:AAPL) is facing a counter suite from Ericsson (ADR) (NASDAQ:ERIC), in a patents war that the two companies have waged against each other. The Swedish telecoms supplies company hit the Cupertino, California-based tech giant with a complaint regarding mobile tech licenses, apparently in retaliation to the case filed by Apple, wherein the iPhone…
General Motors Company (GM) Forecasts Better Profits for 2015
General Motors Company (NYSE:GM) sees itself in a position for realizing better profit in 2015, after recording a performance for 2014 that was better than it expected. The automaker, which has been plagued with expensive recalls and related compensation settlements that cost it about $2 billion last year, also cites growth in its two largest…
Google Inc (GOOGL) Working With Automakers for Self-Driving Car
Google Inc (NASDAQ:GOOGL) is working towards releasing its autonomous self-driving cars within five years time, and is seeking to work with leading automakers on this goal. Google’s self-driving car project director Chris Urmson, speaking before an audience at the Automotive News World Congress in Detroit, said that Google wants people to ride its self-driving cars…
Wells Fargo & Co (WFC) Beat Fourth Quarter Estimates With More Loans, Cautious With Oil Exposure
Wells Fargo & Co (NYSE:WFC) reported a growth of 1.8 percent in its fourth quarter net income of $5.71 billion compared to $5.61 billion posted for the previous year, recording a per-share earnings of $1.02 on preferred dividends payments, as against $1 last year. Revenue is at $21.44 billion, up 3.8 percent, beating analysts expectations…
BlackBerry Ltd (BBRY) Shares Surge & Slip On Takeover by Samsung
BlackBerry Ltd (NASDAQ:BBRY) stock surged and slipped on news of takeover by Samsung. Report of a $6 billion to $7.5 billion acquisition by the South Korean smartphone maker sent BlackBerry’s stock surging as high as 30 percent and up to a 52-week high of $12.63 on Wednesday. The stock declined, however, in after-hours trading on…
Verizon Communications Inc. (VZ) Connects Cars, Offers Virtual Assistance for Older Vehicles
Verizon Communications Inc. (NYSE:VZ) announced its new offering at the North American International Auto Show in Detroit on Tuesday, a device it calls Verizon Vehicle. The gadget, which is plugged in a port under your car’s dashboard, is designed to collect information about your vehicle, sending data to and from the cloud through the Verizon Wireless network,…
International Business Machines Corp. (IBM) Launches New $1 Billion z13 Mainframe for ‘Mobile Digital Economy’
International Business Machines Corp. (NYSE:IBM) launched on Tuesday the z13, a new mainframe which cost the Big Blue $1 billion in investments, as well as development related research that generated 500 new patents. “This is a mainframe for the mobile digital economy,” IBM’s systems business senior vice president Tom Rosamilia said, referring to the z13,…
Tesla Motors Inc (TSLA) Shares Slip on Declining China Sales
Tesla Motors Inc (NASDAQ:TSLA) shares declined up to 8 percent, or as low as $188 per share, in after-hours trading on Tuesday, following announcement of weak performance in China by Tesla CEO Elon Musk. Speaking at the Automotive News World Congress in Detroit, Musk said that sales figures in China was lower than expected. He…