Verizon Communications Inc. (NYSE:VZ) CEO Lowell McAdam denied that the company is into efforts of acquiring AOL, Inc. (NYSE:AOL). In a statement made at an investor’s conference, McAdam noted that suggestions of “significant acquisition discussions isn’t accurate.” A report by Bloomberg cited unnamed sources as saying that Verizon is into a planned expansion of its…
Boeing Co. (BA) Hits 2014 Target With Industry Record Deliveries
Boeing Co (NYSE:BA) successfully hit its 2014 delivery targets with an industry record 723 jetliners delivered for the year. The Chicago based plane maker received a total of 1,550 gross orders as well as 1,432 net orders valued at $232.7 as of 2014 list prices. Compared to 2013, net orders for 2014 surged at 6…
Tesla Motors Inc (TSLA) To Manufacture Half Million Cars by 2020
Tesla Motors Inc (NASDAQ:TSLA) will have the capacity to manufacture half a million cars by the year 2020, according to a statement made by Joe Taylor, Chairman and CEO of Panasonic Corporation (ADR), at the Consumer Electronics Show held at Las Vegas. Taylor is hinting at the $5 billion Gigafactory as a determining factor that…
Google Inc (GOOGL) Extends Chromecast Technology to Home Speakers Via Google Cast for Audio
Google Inc (NASDAQ:GOOGL) is extending its share of the digital entertainment market with a new service. Named Google Cast for audio, the new offering from the tech giant will allow users to stream music to enabled speakers simply by tapping a button on their smartphones. Google Cast was announced Monday at the Consumer Electronics Show…
Facebook Inc (FB) Draws Skepticism in Options Market for 2015
Facebook Inc (NASDAQ:FB) is drawing skeptical outlooks in the options market for 2015, after rallying to a surge of as much as 195 percent in two years. The social media giant, which recorded a 14 percent surge last year, is facing the challenge of continued growth, according to Eurof Uppington of Lombard Odier Investment, in…
American Airlines Group Inc (AAL) to Raise Pilots’ Pay Starting at 23% After Union Ratifies Contract
American Airlines Group Inc (NASDAQ:AAL) is set to raise the pay rate of its pilots by an initial 23 percent, with additional 3 percent annual raises accruing each year covering a five year term contract. Union leaders, representing the Allied Pilots Association, have accepted the five year agreement with American Airlines, and union members will…
Google Inc (GOOGL)’s Android Challenged by Samsung with New Tizen-Powered TVs
Google Inc (NASDAQ:GOOGL) is facing a new challenge to its Android operating system from Samsung Electronics. The South Korean company will unveil its new Television products in the upcoming Consumer Electronics Show. Samsung’s new TV sets will run the Tizen operating system. Working on the concept of “smart homes”, the world’s largest manufacturer of TV…
Apple Inc. (AAPL)’s Watch Generates Conflicting Predictions from Analysts
Apple Inc. (NASDAQ:AAPL)’s watch, which has been introduced in September last year and is expected to be released early this year, has become a center of diverging opinions regarding its future from different observers, from predictions of sales ranging from 10 million at the lowest to 60 million at the highest, to arguments leading to…
Apple Inc. (AAPL)’s iTunes Joins other Web Platforms, Offers “The Interview” Movie
Apple Inc. (NASDAQ:AAPL) is now offering Sony Corp (ADR) (NYSE:SNE)’s controversial comedy film “The Interview” through rental or purchase options at its iTunes store. Apple is one among the tech companies who came in late in offering the movie online, which was first carried by Google Inc (NASDAQ:GOOGL) and Microsoft Corporation (NASDAQ:MSFT) on Christmas eve.…
Tesla Motors Inc (TSLA) Relaunch Roadster With Over 400 Miles Range Capacity
Tesla Motors Inc (NASDAQ:TSLA) announced in a press release that owners of its all electric Roadster vehicle is about to benefit from upgrades in the new Roadster 3.0 package that combines improvements in battery packs, aerodynamics, and rolling resistance expected to give about 40-50 percent range improvements of over 400 miles (644 kilometers) per charge.…