If success has a knack of attracting criticism, none could validate this statement as well as Google Inc (NASDAQ:GOOGL) courtesy of its ongoing European battle which started four years ago. Latest update from European Parliament in Brussels has stated that the company might be asked to segregate its search engine operations and its other business…
Best Buy Co Inc (BBY) Stupefies Markets with Its Results
‘Stupefied’ is the word that best describes market reaction when Best Buy Co Inc (NYSE:BBY) declared its third quarter results on Thursday, 20th November, 2014. As reported by CNBC, this is because contrary to the analyst prediction of an imminent decline in revenue figures, the company posted an increase. Even though the rise was recorded…
General Motors Company (GM) Finds Itself in Financial Soup
Thanks to Arizona’s Attorney-General Tom Horne, General Motors Company (NYSE:GM), on Wednesday, 19th November, 2014, found itself facing a lawsuit worth $3 billion based on the allegation of having sold defective vehicles. Although the automobile manufacturer has been facing a lot of flak over its decision to recall 2.6 million vehicles on a global scale,…
Infosys Ltd ADR (INFY) Fires Top Executive Over Apple Inc. (AAPL) Bill Discrepancies, Appoints New Officers
Infosys Ltd ADR (NYSE:INFY) fired one of its top executives over non-compliance with the company’s code of conduct. An earlier report by Reuters noted that the company’s back-office services unit was found in an internal audit to have recorded inflated amounts in invoices issued to Apple Inc. (NASDAQ:AAPL), in effect overcharging Apple. In her email…
Noteholders To Probe GT Advanced Technologies Inc (GTATQ) & Apple Inc (AAPL) Settlement
Noteholders of GT Advanced Technologies Inc (OTCMKTS:GTATQ) are questioning the furnace maker’s settlement deal with Apple Inc (AAPL), noting the possibility that the iPhone maker might have been given leeway to go off easily. In a report by Reuters, some of the noteholders argued that the allegations against Apple make it necessary for an investigation…
Facebook Inc (FB)’s Group App Is Designed to Enhance Group Experience
Almost every one of the 700-million plus users of Facebook Inc (NASDAQ:FB)’s social networking platform must be a part of some group or the other but now that the company has released a new Group App, the experience of being a part of a group is likely to be much more rewarding. This is because,…
Petrobras SA (ADR) (PBR) Sinking Deeper Into the Murk
Latest update from scandal shaken Petrobras SA (ADR) (NYSE:PBR), the largest state owned oil-producing outfit in Brazil, has let it be known that the company will miss not only its production target for 2014 but also its earnings report. Details pertaining to this update were discussed by Michelle Caruso-Cabrera on CNBC wherein she said that…
Facebook Inc (FB) Releasing a Workplace Version of Its Social Platform
Over the years, Facebook Inc (NASDAQ:FB) has provided people the world over with a viable platform which not only enables them to remain sociable but broaden their horizons too. But interaction is strictly limited to a personal level which is why it is upheld as the ultimate social networking site. Its success in the social…
Allergan, Inc. (NYSE:AGN) Close to $65 Billion Buyout by Actavis Plc (NYSE:ACT)
Botox maker Allergan, Inc. (NYSE:AGN) is close to completing a deal with Actavis Plc (NYSE:ACT) in a buy-out transaction amounting to about $65.5 billion. A report by Reuters, citing unnamed sources, indicates that Actavis puts Allergan shares at the range of $215 – $220, and the final price is likely to be on the higher…
Apple Inc (AAPL)’s Apple Pay – Has It Triggered a Global Revolution?
It has been three weeks since Apple Inc (NASDAQ:AAPL) launched its Apple Pay method of payment and the company’s claims notwithstanding, inputs from unbiased sources have slated the number of transactions as being in the range of 150,000 pertaining to only one store. Other big names which have risen in support are those of Walgreens…