The Alibaba Group Holding Ltd (NYSE:BABA) IPO comes at a time when Yahoo! Inc. (NASDAQ:YHOO) has been struggling to get its footing in its core business as competitors steal the show for the California-based tech company. From simple arithmetic, Yahoo! Inc. is set to earn $5.7 billion from its sale of 120 million of its Alibaba…
Apple Inc. (AAPL) iPhone 6 and iPhone 6 Plus Selling in U.S. Stores and Could Break Opening Weekend Record
The sale of the up-sized Apple Inc. (NASDAQ:AAPL) iPhone 6 and iPhone 6 Plus flagships went on over the weekend in different parts of the world with several stores reporting limited supply. Apple iPhone fans lined up for hours waiting patiently to snap up the smartphones whose sale began on Friday 19. An Apple Inc.…
General Motors Company (GM) Increases Production of Midsized Pickups Due To High Initial Orders
General Motors Company (NYSE:GM) is adding a new shift to its Missouri plant, following the high demand for its new midsized pickups, 2015 Chevrolet Colorado and GMC Canyon. The pickups, which began shipping this week, are however going into a market that’s not clearly defined. Some other automakers such as Ford and Chrysler that were…
Federal Appeals Court Declares Radioshack Corporation (RSH) Class-Action Settlement Void
A U.S. federal appeals court sitting in Chicago declared that the class-settlement between RadioShack Corporation (NYSE:RSH) and its customers who opposed the printing of credit and debit card expiry dates on receipts is null and void. The court, considering the proposed legal fees for the customers, said that the settlement amount is too low and…
Verizon Communications Inc. (VZ) Enables Voice Over LTE for Apple iPhone 6 and iPhone 6 Plus
Verizon Communications Inc. (NYSE:VZ) has announced that it has activated voice over LTE (VoLTE) on the new iPhone 6 and iPhone 6 Plus. The service was initially available only for Samsung Galaxy S5 and the LG G2. Users who have the new iPhones have confirmed that the service is now working perfectly. The VoLTE service…
Facebook Inc (FB)’s Oculus Releases Lighter and Better Virtual Reality Headset Prototype
Facebook Inc (NASDAQ:FB)’s Oculus announced an improved version of its virtual reality headset, which is lighter and better. The VR headset called Crescent Bay now has higher resolution, audio and better head movement detection. “That was not easy,” Oculus CEO Brendan Iribe told the audience Saturday at Oculus’s first-ever developers conference. “It’s still not perfect.…
Tesla Motors Inc (TSLA)’s Move Of Over-The-Air Software Upgrades On Model S Is Followed By Other Automakers
Model S owners will have their automobiles’ software upgraded over-the-air after Tesla Motors Inc (NASDAQ:TSLA) announced the plan. The new software suit makes it possible for Model S users to evade traffic jams, turn on the car using a mobile phone, automatically adjust suspension, assign a nickname to the car, and more. Several other automakers…
Exxon Mobil Corporation (XOM) Forced to Cease Oil Drilling Project in the Russian Arctic
The Texas based Oil Company, Exxon Mobil Corporation (NYSE:XOM), issued a statement saying that the U.S. government had issued them with an extension license allowing them to wind up drilling in the Russian arctic. Their operations now have to come to a halt after the U.S government issued sanctions on Russia due to their interventions…
The Boeing Company (BA) and Lockheed Martin Corporation (LMT) with Blue Origin Partners to Build Rocket Engine
The Boeing Company (NYSE:BA) and Lockheed Martin Corporation (NYSE:LMT) through their joint project, United Launch Alliance, have gone into a partnership with Blue Origin for the manufacture of an ultramodern rocket engine which is set to be tested in 2016. The rocket engine is planned to first fly in 2019. United Launch Alliance is currently…
Could Exxon Mobil Corporation (XOM) Be Exiting California Because of Stringent Environmental Rules?
Exxon Mobil Corporation (NYSE:XOM) is rumored to have finally given in to the strict and tough laws that have had refineries packing and living the state. The tough environmental laws have over time had big oil companies leave the State, and now Exxon Mobil Corporation might be the next in line to throw in the…