General Electric Company (NYSE:GE) Chief Executive Officer Jeffrey Immelt said Thursday that the company is set to earn more than $1 billion this year from its data business sales. This is more than $200 million above what the company posted last year from the same segment. He also said that the company has a plan…
Apple Inc. (AAPL) Sapphire Deal Takes GT Advanced Technologies Inc (GTAT) To Its Knees, Forcing the Company to Apply for Chapter 11
The deal began well, and both partners were upbeat about the prospect of their union. Apple Inc. (NASDAQ:AAPL) had come into a partnership with GT Advanced Technologies Inc (NASDAQ:GTAT) for the production of strong sapphire material for use in making gadget screens. But when it became clear that GT couldn’t supply hard enough material for…
Family Dollar Stores, Inc. (FDO) Profit Narrows as Dollar General Corp. (DG) Pressures on With Acquisition
Family Dollar Stores, Inc. (NYSE:FDO) reported narrower net profit margin than what analysts had expected. The company reported 66% lower profit, saying that its financial performance had been significantly affected by price reduction meant to attract more shoppers. The retailer, which has been spurning an acquisition effort by Dollar General Corp. (NYSE:DG), also said that…
Google Inc (GOOGL) Wants Copyright Case with Oracle Corporation (ORCL) Decided by U.S. Supreme Court
Google Inc (NASDAQ:GOOGL) has gone to the U.S. Supreme Court asking the court to make a ruling on a copyright lawsuit filed against the company by Oracle Corporation (NYSE:ORCL) 4 years ago. The case was filed on Monday and is asking the court to overturn a ruling made by an appeals court that found Google guilty…
Advanced Micro Devices, Inc (AMD) Appoints Lisa Su As New CEO To Achieve Better Results In Semiconductor Industry
Lisa Su has been appointed the new Advanced Micro Devices, Inc (NYSE:AMD) chief executive to replace Roy Read who is said to have resigned from his position. Read has been instrumental in stabilizing the company’s financial performance. He is credited to have stabilized the company’s performance at a time when the PC market was doing…
Google Inc (GOOGL) Faces Uphill Task with Glass, Says Google X Chief
Penetrating the market with wearables hasn’t been easy for many tech companies. And on Wednesday, Google Inc (NASDAQ:GOOGL) X Chief Astro Teller acknowledged in an interview at the Vanity Fair New Establishment Summit that indeed it’s “tough”. To begin with, Google X is a semi-secret unit of Google Inc (NASDAQ:GOOGL) that specializes in the experimentation,…
Apple Inc. (AAPL) Invites Media for the October 16th Event to Unveil New iPads
There have been a lot of speculations surrounding the date when Apple Inc. (NASDAQ:AAPL) would be unveiling its new iPads. Rumors first went out that the event would be held on October 22nd, but some impeccable sources later said the event would be held on October 16th. Finally, the Cupertino, California-based company sent out invitations…
Bank of America Corp (BAC) Secures Oil Financing Deal with Philadelphia Energy Solutions
Bank of America Corp (NYSE:BAC) has replaced America’s biggest bank, J.P. Morgan in a major oil financing deal with Philadelphia Energy Solutions. The bank will provide working capital and inventory financing to the refinery. However, the Bank of America Corp (NYSE:BAC) deal won’t include all the things that were in the J.P. Morgan deal as…
Facebook Inc (FB)’s New Ads Platform Allows Advertisers to Target Users by Latest Location
At times you may be walking on the streets looking for a café and end up passing a couple of them without knowing. Facebook Inc (NASDAQ:FB) believes that it shouldn’t be so, if a business chooses to target users based on their current location. In a new platform, the social media company is making it…
Glu Mobile Inc. (GLUU) Lost Interests Of Investor Due To Drop In Kardashian Game Downloads
When Kardashian Game was released back in June, it became an instant hit, getting many downloads. The game was at some point ranked number 89 among iPhone downloads. That made Glu Mobile Inc. (NASDAQ:GLUU) quite a darling of investors. However, things went haywire when the game’s popularity started declining, tumbling to as low as number…