Purchasing Grupo Iusacell for $2.5 billion on Friday, 7th November, 2014, was a move that AT&T Inc (NYSE:T) made in order to establish itself as the creator of ‘mobile service area’ in North American continent. Having acquired this company from Ricardo Salinas Pliego, a billionaire in Mexico, the company has gained for itself its debt…
Facebook Inc (FB) CEO Zuckerberg’s Personality Unraveled At Last
Thursday, 6th November, 2014, was the crucial day when Mark Zuckerberg, world’s most popular networking site Facebook Inc (NASDAQ:FB) was interviewed. In a candid question-answer session that occurred, he came forth as a personality who was firmly rooted in his work and was definitely not touched at all by all the hype surrounding his profile.…
Berkshire Hathaway Inc. (BRK.A) Registers Lower Profit Margins For Third Quarter 2014
Berkshire Hathaway Inc. (NYSE:BRK.A) registered lower profit margins for its third quarter 2014 primarily because of an investment loss. Despite of the dropping profit margins, overall operations results surpassed the market expectations. Some major units of the company performed well to make up for the profit drop including the railroad operations, energy, and insurance sector.…
Microsoft Corporation (MSFT) Redefines Rules by Adding a Free Lunch
Microsoft Corporation (NASDAQ:MSFT) took everyone by surprise when it announced on Thursday, 6th October, 2014 that henceforth this software package will be made available free of charge on mobile devices. After years of having charged $70 per month of its Office 365 suite from subscribers, this announcement is completely contradictory of past strategies. Aptly labeled as…
Is Qualcomm Inc (QCOM) A Good Stock To Buy Right Now?
At the close of trading session on Thursday, Qualcomm Inc (NASDAQ:QCOM) was one of the exceptional tech stocks that showed a decline as most of the tech stocks like Microsoft, Zynga and Apple recorded a bullish session and ended up on a high note. Sharing the space with AOL, this communication giant lost 8.6% on…
Wells Fargo & Co (WFC) Practices Caution In Global Expansion, Eyes Loan Portfolios
The world’s largest bank, Wells Fargo & Co (NYSE:WFC), is accelerating its global expansion while keeping an eye out for bad investments. The bank is on the lookout for stable loan portfolios in the European economy. One of the executives from the bank mentioned its cautious approach while investing in its international expansion to avoid…
Boeing Co (BA) Stretches Its Eyes Beyond American Markets Till Asian Shores
Anyone who keeps track of the aviation industry must have definitely come across Boeing Co (NYSE:BA)’s inauguration of its CST-100 spacecraft in UAE at an innovation summit. CST is meant as an acronym for crew space transport and this capsule, which is designed to carry seven crew members has been primarily constructed for NASA to…
Alibaba Group Holding Ltd (BABA)’s Positive Earnings Report a Further Consolidation
With economic unpredictability still looming large on the horizon, few companies enjoy the good luck of baking a cake and eating it too and Alibaba Group Holding Ltd (NYSE:BABA) is definitely one of them. What could be a better way of topping the dream IPO run than declare quarterly results which are in tandem with…
Sprint Corporation (S) Implements Tough Decisions to Ensure Survival
On his 85th day as the CEO of the company, Marcelo Claure of Sprint Corporation (NYSE:S) announced on Monday, 3rd November, 2014 that the company has taken a decision to lay off 2000 of its employees. Another crucial decision had been taken recently, meaning on Friday, 31st October, 2014. It pertained to appointing Junichi Miyakawa…
Petrobras SA (ADR) (PBR) Left with No Choice but to Follow Auditor’s Demands
At a time when most companies are busy filing their third quarter returns and bearing the outcome on their share prices, Brazilian oil-company Petrobras SA (ADR) (NYSE:PBR) is unable to do so owing to its auditing firm PriceWaterhouse Coopers. While PwC refused to comment on the issue on grounds of upholding client’s confidentiality, the state…