Latest figures released by Petrobras SA (ADR) (NYSE:PBR), the largest oil company in Latin America, have shown a substantial increase in the volume of oil produced in October, 2014, as against the same month last year. On 28th October, 2014, the company released the news that it had managed to almost double its production from…
JPMorgan Chase & Co. (JPM) Settles Shale-Rights Lawsuit
JPMorgan Chase & Co. (NYSE:JPM) has successfully settled a shale-rights lawsuit filed by owners of mineral-rights in Texas. In a charge made against the bank, beneficiaries of South Texas Syndicate Trust claimed that JPMorgan Chase & Co. (NYSE:JPM) sought to cheat them out of a compensation amounting to $681 million by entering into favorable deals with…
Chip Maker Ambarella Inc (NASDAQ:AMBA) Optimistic of Market Apart from GoPro Inc (NASDAQ:GPRO)
Chip maker Ambarella Inc (NASDAQ:AMBA) have its hopes high on non-traditional markets for its product, the chips that are responsible for processing that crisp high resolution, high definition GoPro Inc (NASDAQ:GPRO) camera videos. The chip maker is gearing its sights towards potential markets such as home monitors, professional security cameras, car dashboard apps, rearview mirror…
Facebook Inc (FB) Sorting Out Its Basics Prior To Take-Off
Global social networking platform Facebook Inc (NASDAQ:FB) created a stir amongst its users when it announced on Saturday, 15th November, 2014 that from 2015, brands which are desirous of optimum exposure on a global scale must pay for posting updates on their newsfeed. Ever since its launch in 2004, Facebook has served as a veritable…
Tesla Motors Inc (NASDAQ:TSLA) Backs Down on $500M Demand of State Money for Gigafactory, State Incentive Plan Prevails
Tesla Motors Inc (NASDAQ:TSLA) demanded an amount of $500 million in lieu of tax breaks from Nevada to build Gigafactory, its planned massive battery plant, in the state. The electric car manufacturer have been in negotiations with states such as New Mexico, Arizona, Texas, California, Oregon, and Washington, who were all competing with one another…
Alibaba Group Holding Ltd (NYSE:BABA) Backed by Top Global Investors
In public disclosures filed Friday, it is shown that Jack Ma’s e-commerce group Alibaba Group Holding Ltd (NYSE:BABA) boasts of the world’s finest investors in its list of stockholders. The company has made an initial public offering earlier in September 18 of this year. The initial public offering generated an amount of $35 billion for…
AT&T Inc (T) Upholds Customer Trust over ‘Supercookies’
In a move that would provide protection to its users, AT&T Inc (NYSE:T) announced on Friday, 14th November, 2014, that it would no longer be tracking data associated with its users’ mobile devices. Previously, there was a controversial program in place which employed ‘supercookies’ to keep track of all the websites on the Internet accessed…
Baker Hughes Incorporated (BHI) and Halliburton Company (HAL) Squabble Over Baker Hughes’ Board After Merger Talks Failed
The world’s third and second largest oilfield services company, Baker Hughes Incorporated (NYSE:BHI) and Halliburton Company (NYSE:HAL), are in a squabble over the former’s current board of directors after talks of Baker Hughes’ acquisition by Halliburton resulted in a standoff. According to Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL) has plans of nominating candidates to…
Apple Inc (AAPL) – A Lucrative Dilemma for Investors
Year 2014 seems to have turned out quite well for Apple Inc (NASDAQ:AAPL) as also investors who have shown long standing faith in it. What could be a better proof of this that the overall rise of 42.46% in the share value of the stock since the beginning of 2014? Shares of the company closed…
Blackberry Ltd (BBRY) Realizes Its Dream of Partnering With Samsung
BlackBerry Ltd (NASDAQ:BBRY)’s CEO, John Chen, opened his interview session on Thursday, 13th November, 2014 with the observation that this day was indeed one which was serious as also crucial not just for the company but for him too. Heading the Canadian mobile maker, BlackBerry, has certainly not been a walk through the garden for…