The shares of International Business Machines Corp. (NYSE:IBM) witnessed 1% increase after the company announced additional $5 billion contribution to its share repurchase program. The company announced dividend of $1.10 per common share and by paying its December dividend, the company would complete regular quarterly dividend payments since 1916. According to the news release on…
GT Advanced Technologies Inc (GTATQ) Not In A Position To Seek Legal Dispute Against Apple Inc. (AAPL)
After filing for a surprise chapter 11 bankruptcy, GT Advanced Technologies Inc (OTCMKTS:GTATQ) said in a court filing that the company would try to avert any legal battle with Apple Inc. (NASDAQ:AAPL) considering the huge legal cost and resultant fine over the sapphire maker. The sapphire maker mentioned the damages of up to $1 billion…
Time Warner Inc (TWX) Announces Budget Cuts, HBO Plans 7% Staff Layoffs
After rejecting a takeover bid, Time Warner Inc (NYSE:TWX) is ready to implement strict budget constraints. Under its recent budget cut announcement, HBO, Pay TV network of Time Warner, is likely to lay off up to 7% of its current staff. Time Warner Inc (NYSE:TWX) rejected $85 per share takeover bid from Twenty-First Century Fox…
Apple Inc. (AAPL) Comes Up With Official Explanation Of iPhone Software Glitch, Cook Takes On Retailers For Declining Apple Pay
Apple Inc. (NASDAQ:AAPL) offered its first official explanation for the software glitch that left thousands of iPhone users disconnected. At the same time, Apple CEO took on retailers for declining Apple Pay payments citing huge list of merchants ready to sign up. Greg “Joz” Joswiak, product-marketing executive for Apple, explained the software bug stating that…
AT&T Inc. (T) In Trouble With FTC Concerning Speed Cuts And Data Restrictions In Unlimited Data Plans
AT&T Inc. (NYSE:T) is in news following a lawsuit from the Federal Trade Commission over the data carrier’s practice to cut data speed in their unlimited data plans. The FTC called it deceptive and accused the company of misleading millions of Smartphone users with its data plan. The second largest telecom carrier in U.S. is…
Facebook Inc (FB)’s Shares Decline 8% After Announcing Aggressive Spending In 2015
Facebook Inc (NASDAQ:FB) lost 8.20% share price in afterhours trading post announcing its third quarter 2014 results closing at $74.15. The social network announced an aggressive spending plan for its latest acquisitions and projects leading to the decline. The world’s largest social media network announced its third quarter 2014 results with an impressive increase of…
General Electric Company (GE), Intel Corporation (INTC), Corning Incorporated (GLW): Top 3 Stock Holdings of SHUFRO ROSE & Co.
SHUFRO Rose & Co. has current portfolio of $964 million with General Electric Company (NYSE:GE), Intel Corporation (NASDAQ:INTC), Corning Incorporated (NYSE:GLW) as its top stock holdings. The recent SEC 13F filing by SHUFRO Rose & Co. on October 14, 2014 indicated Information Technology as its primary investment area. General Electric Company (NYSE:GE) is the primary…
NQ Mobile Inc (ADR) (NQ)’s Shares Rise 6% Post Form 20-F filing, Tech Company Recover Compliance Status
The shares of NQ Mobile Inc (ADR) (NYSE:NQ) rose over 6% after the technology company filed its much awaited Form 20-F for fiscal 2013. The company recovered its full compliance status while having no adverse findings during the investigation. NQ Mobile filed its 20-F form with the SEC (U.S. Securities and Exchange Commission) for the…
Micron Technology, Inc. (MU)’s Shares Soar Post $1 Billion Stock Repurchase Announcement
The shares of Micron Technology, Inc. (NASDAQ:MU) grew 4% after its $1 billion stock buyback announcement. The company would initiate $1 billion worth of discretionary share repurchase of its outstanding common stock. The semiconductor manufacturer announced the buyback program after announcing better-than-expected fourth quarter results last month. According to Ron Foster, CFO and VP of…
Amazon.com, Inc. (AMZN) Acquires Rooftop For Rich Digital Content Profile, Likely To Raise Bar Against Rival Streaming Channels
In an effort to compete against increasing digital service content providers, Amazon.com, Inc. (NASDAQ:AMZN) acquired the online comedy channel, Rooftop Media, for an undisclosed amount. Rich digital content portfolio is likely to help the company compete against Netflix, Inc. (NASDAQ:NFLX) and other rising digital content channels. Rooftop Media is engaged in recording live performances of…