SolarCity Corp (NASDAQ:SCTY) reported its third quarter 2014 results with top earning results while missing the revenue estimates for the quarter. The shares of the power company lost nearly 6% in the regular and extended trading sessions. The electric company announced net revenues of $58.3 million during the third quarter 2014 with gross profit of…
Tesla Motors Inc (TSLA)’s Shares Rally Up After Beating Third Quarter 2014 Market Earnings Expectations
The shares of Tesla Motors Inc (NASDAQ:TSLA) jumped nearly 7% to close at $247 in the extended trading session after the electric carmaker announced its third quarter 2014 results. The car manufacturer made record car deliveries of 7,785 during the quarter despite of the factory retooling in July this year. Tesla Motors reported net revenue…
Johnson & Johnson (JNJ), Kimberly Clark Corp (KMB), Microsoft Corporation (MSFT): Top 3 Stock Holdings of West Coast Asset Management
West Coast Asset Management has current portfolio of $53 million with Johnson & Johnson (NYSE:JNJ), Kimberly Clark Corp (NYSE:KMB), Microsoft Corporation (NASDAQ:MSFT) as its top three stock holdings, as per its recent SEC 13F filing on October 14, 2014. Its primary investments are in consumer staple industry and its top 10 stock holdings account for…
Facebook Inc (FB) Reports Quarterly Increase in Government Authorities Data Requests
With the exponential growth of social media paradigm, the requests for social data access from government authorities have rushed up as well, according to Facebook Inc (NASDAQ:FB). The social media giant reported 24% increase in user information requests from the government during the first half of 2014. According to the data released by Facebook Inc,…
Microsoft Corporation (MSFT) And Dropbox Join Hands For Online File Sharing Services
In one of the most surprising deals, Microsoft Corporation (NASDAQ:MSFT) announced partnership with Dropbox to allow its users to share and edit files seamlessly on Dropbox through the Office Mobile App. The collaboration came as a surprise considering that most of the tech companies rather prefer to acquire startups instead of getting into a partnership.…
General Electric Company (GE) Received Approval from French Authorities to Purchase Alstom (ALO.PA)’s Power Unit
Earlier this year, General Electric Company (NYSE:GE) made an offer to purchase a majority stake in Alstom (ALO.PA)’s power business and the same has been given a green light by the French Authorities. The U.S. energy company would acquire majority stake in the renewable, grid and thermal business of Alstom. General Electric Company (NYSE:GE) made a…
Johnson & Johnson (JNJ), Procter & Gamble Co (PG), General Electric Company (GE): Primary Stock Holdings of Stewart & Patten Co
The investment practices of Stewart & Patten Co go back to 1942 and it has a current portfolio of $493 million with Johnson & Johnson (NYSE:JNJ), Procter & Gamble Co (NYSE:PG), General Electric Company (NYSE:GE) as its top stock holdings. According to its recent SEC 13F filing on October 14, 2014, its top 10 stock…
Citigroup Inc (C) Announces Additional $600 Million For Legislative Issues, Adjust Quarterly Guidance
Citigroup Inc (NYSE:C) announced additional $600 million funds to cover up for legal issues amid increasing regulatory inquiries. At the same time, the financial institution mentioned inquiries related to the foreign exchange market and associated services. Citigroup is one of the many banking institutions facing inquiries related to foreign exchange rates manipulations and the bank…
AT&T Inc. (T) And Comcast Corporation (CMCSA) Discard Plans For Paid Internet Prioritization
Two of the major U.S. broadband providers, AT&T Inc. (NYSE:T) And Comcast Corporation (NASDAQ:CMCSA), wrote letter to the U.S. Senate Judiciary Committee Chairman stating that none of them are in favor of paid internet prioritization as it is likely to have an adverse affect over the customers. The U.S. Senator, Patrick Leahy, sent letters to…
LinkedIn Corp (LNKD) Shares Spike 5% Post Splendid Third Quarter Results 2014, China Contributes In Overseas Growth
The shares of LinkedIn Corp (NYSE:LNKD) witnessed nearly 5% hike after the online network posted its third quarter 2014 financial results. The hiring business of the corporate network has performed well in the domestic as well as overseas markets. The corporate networking platform reported 45% increase in its quarterly revenue at $568 million as compared…