Yahoo! Inc. (NASDAQ:YHOO) should reduce cost in a significant way in order to remain profitable, according to activist investor Starboard Value LP. In a letter sent to Yahoo President and CEO Marissa A. Mayer, Jeffrey C. Smith of Starboard urged the company to consider joining lots with AOL, Inc. (NYSE:AOL), saying that a properly structured…
General Motors Company (GM) Expects Flattening of U.S. Auto Market but Optimistic for Growth
General Motors Company (NYSE:GM) CEO Mary Barra said in a meeting with reporters Thursday that she is expecting the U.S. auto market to flatten out this year. She noted, however, that a combination of falling oil prices and strong economy should fuel demand. According to Barra, GM is expecting sales in the U.S. to be…
McDonald’s Corporation (MCD) Pursue Cost-Cutting, 63 Headquarters Staff Lose Jobs
McDonald’s Corporation (NYSE:MCD), which has been seeing its worst performance the past year, will reduce the number of workforce in its headquarters by 63, according to a report filed by the company with the state of Illinois in compliance with the U.S. Worker Adjustment and Retraining Notification Act. Heidi Barker Sa Shekhem, a McDonald’s spokeswoman,…
Apple Inc. (AAPL) Starts 2015 With Record Performance
Apple Inc. (NASDAQ:AAPL) seem to be starting the new year with a stellar performance. In a report released Thursday, the tech giant revealed that its App Store generated a 50 percent surge in apps and in-app purchases for the year 2014, putting revenue for developers to be worth about $10 billion. The App Store offers…
Apple Inc (AAPL) Posts 50% Growth in 2014 Apps Sales
Apple Inc. (NASDAQ:AAPL) reported on Thursday that its App Store has realized a sales of almost half a billion dollars for the first week of 2015 in app sales as well as in-app purchases from customers all over the world, noting further that the New Years day set a record hit for the biggest sales…
T-Mobile US Inc (TMUS) Exceed Targets for 2014 Subscriber Growth
T-Mobile US Inc (NYSE:TMUS) is the smallest of the US’ main mobile phone carriers, but it certainly is not the smallest in terms of subscriber growth. The network has reported it has acquired post paid subscriptions from 1.3 million new customers as of the fourth quarter, with 1 million of the new subscribers being on…
Intel Corporation (INTC) Pursues Workplace Diversity With $300 Million Allotment
Intel Corporation (NASDAQ:INTC) is hoping to increase workplace diversity by an initial goal of 14 percent slot for underrepresented and minority groups within its workforce by the year 2020, and the company is going to allocate a $300 million funding for the program. In a phone interview with The New York Times, Intel CEO Brian…
Apple Inc (AAPL)’s Watch Will Eliminate All Other Wearables According to Steinberg
Apple Inc. (NASDAQ:AAPL)’s latest tech gadget, the Apple Watch, which have received several reviews of both positive and negative opinions from several analysts early this year, just got a powerful boost from Jon Steinberg, the North America CEO of MailOnline, the world’s largest news website in English. Speaking at CNBC’s Squawk Alley, where he is…
Twitter Inc (TWTR) Entice Advertisers With Interactive Presentation at “Tweet Suite”
Twitter Inc (NYSE:TWTR) is keen on winning advertisers to use its platform, and the social media network’s latest effort towards that goal is through a presentation made at the International Consumer Electronics Show in Las Vegas. Through the “Tweet Suite”, which is actually a hotel suite decked with Twitter’s bird logos as well as giant screens…
Micron Technology, Inc. (MU) Reports Higher First-Quarter Profits
Micron Technology, Inc. (NASDAQ:MU) announced a stronger fiscal first-quarter performance with profits worth $1 billion, at 84 cents per share, as against the $354 million or 30 cents per share profits recorded for the same quarter of the previous year. Excluding losses and other items, earnings is at 97 cents per share, up from 77…