Facebook Inc (NASDAQ:FB) seem to be branching out from its social networking niche into other areas, at least gradually. Taking a look at the company’s career listings will reveal that the social networking giant is gearing its hiring towards developing strength in diverse areas such as data centers, drones and satellites, and virtual reality goggles.…
Intel Corporation (INTC) Reports Negative Fourth Quarter Earnings
Reporting a loss of $4.21 billion for the fourth quarter of 2014 would probably have caused any other corporate entity to be booted out of any investor’s portfolio but the case in different in case of Intel Corporation (NASDAQ:INTC). As the largest global chip-maker, Intel reported negative sales for the concluding months of 2014 because…
Apple Inc (AAPL) – An Outlook for the Year Ahead
Tech stocks continue to attract attention in 2015 and particularly newsworthy is Apple Inc (NASDAQ:AAPL) courtesy of its series of product launches as also success in acquiring the cutting edge over its rivals. CNBC featured a discussion on the company on Thursday, 15th January, wherein experts were not only candid in putting forth their opinions…
Interpreting Apple Inc (AAPL)’s Performance in Today’s Downslide
When the market tumbled on Wednesday, 14th January, 2015, analysts were out searching for a reason to explain the sharp downslide. Eventually it was attributed to disappointing earnings by companies like JP Morgan, Apple Inc (NASDAQ:AAPL) being in trouble and economic growth becoming sluggish the world over. CNBC covered the same in their studio with…
JPMorgan Chase & Co. (JPM) Reports Lower-Than-Expected Profits in Fourth Quarter 2014, CEO Targets Regulators for Tough Business Environment
After taking a hit on its net income primarily because of the high litigation expenses, JPMorgan Chase & Co. (NYSE:JPM)’s CEO targeted the increasing government scrutiny in business. The largest bank of America, in terms of assets, reported record annual net income for fiscal 2014 along with legal expenses of $990 million for the fourth…
General Motors Company (GM) Forecasts Better Profits for 2015
General Motors Company (NYSE:GM) sees itself in a position for realizing better profit in 2015, after recording a performance for 2014 that was better than it expected. The automaker, which has been plagued with expensive recalls and related compensation settlements that cost it about $2 billion last year, also cites growth in its two largest…
Blackberry Ltd (BBRY) -Samsung Combination – To Be or Not To Be?
On Wednesday, 14th January, 2015, CNBC reported that as per Reuters, Samsung had offered Blackberry Ltd (NASDAQ:BBRY) $7.5 billion in a bid to take over the ailing mobile manufacturer. In response to the excitement generated, share value of Blackberry shot up by a whopping 30% and was poised at $12.59 per share. For the benefit…
Wells Fargo & Co (WFC) Beat Fourth Quarter Estimates With More Loans, Cautious With Oil Exposure
Wells Fargo & Co (NYSE:WFC) reported a growth of 1.8 percent in its fourth quarter net income of $5.71 billion compared to $5.61 billion posted for the previous year, recording a per-share earnings of $1.02 on preferred dividends payments, as against $1 last year. Revenue is at $21.44 billion, up 3.8 percent, beating analysts expectations…
Amazon.Com Inc (AMZN)’s Tie-Up with Woody Allen – Safe or Risky?
On Tuesday, 13th January, 2015, Amazon.com Inc (NASDAQ:AMZN) announced that it was bringing on board the renowned Hollywood director Woody Allen for making his debut on streaming television. Named as ‘Fast Money’, the company claimed to have booked one full season of shows while the 79-year old director himself had the following comment to offer…
Tesla Motors Inc (TSLA) Shares Plunge Owing To China Factor
Just as Elon Musk, CEO of Tesla Motors Inc (NASDAQ:TSLA) announced on Tuesday, 13th January, 2015, that sales numbers coming in from China indicated a downward trend for the last quarter of 2014, share value of the stock immediately began to plunge. The occasion being Detroit Auto Show, Elon Musk did not waste any time…