As General Motors Company (NYSE:GM) continues with its compensation program for victims linked to the faulty ignition-switch that has led to the recall of 2.6 million vehicles, applications and approvals for compensation are on the rise. A report released by compensation fund manager Ken Feinberg reveals that the total deaths linked to the switch so…
Tesla Motors Inc (TSLA) Facing Car Charger Installation Challenges in China
Tesla Motors Inc (NASDAQ:TSLA) is focused on expanding its electric car market in China. However, the luxurious car maker is facing a huge challenge of getting the public and authorities to accept the chargers. The electric cars need to be charged to move, but getting adequate individual owned garages to install the chargers has been…
Apple Inc (AAPL) Might Face Hefty Tax Probe in Brussels Investigation
Several multinational companies are known to follow one or the other path to save on taxes but in case of Apple Inc (NASDAQ:AAPL), the problem might worsen up into a huge tax repayment order. Apple Inc (NASDAQ:AAPL) was accused by the U.S. senators for using Ireland as the “holy grail of tax avoidance.” In addition…
Ford Motor Company (F) Recalls 850,000 Cars Because of Software ‘Hiccup’
The American automobile behemoth, Ford Motor Company (NYSE:F), has this year been forced to recall about 850,000 cars for repair. The recall is due to a software snag detected on the company’s latest releases. The potential fatal problem is with the restraint control module. The module is responsible for the deployment of the supplementary restraints…
Will GoPro Inc (GPRO) Inc Maintain Its Momentum?
GoPro Inc (NASDAQ:GPRO) stocks went high after rumors came out that the company will be releasing its highly hyped extreme sports camera, Hero 4, in time enough for holiday season. Sources have revealed that the camera will be released in mid October. The stock has had a good run since its June initial public offering,…
BlackBerry Ltd (BBRY) Keen on Doubling Software Revenue Next Year
BlackBerry Ltd (NASDAQ:BBRY) CEO John S. Chen has said that the company is focusing on doubling its software revenue next year. The company recorder $250 million in software revenue in its second quarter financial report released Friday. The report showed that the Waterloo, Ontario-based company had reported a second successive loss, though this time the…
Tesla Motors Inc (TSLA) and SolarCity Corp (SCTY) Stocks Tumble to Loose Combined $5 Billion
Tesla Motors Inc (NASDAQ:TSLA) and SolarCity Corp (NASDAQ:SCTY) have had great successes with SolarCity Corp’s stock growing 100% every year since 2006. Just recently, Tesla Motors Inc announced a grand plan to construct a gigafactory in the state of Nevada before SolaCity Corp scored big in its quest to manufacture solar panels by securing a…
Intel Corporation (INTC) Eyes Spreadtrum Communications Inc’s Parent Company with $1.5 Billion in Investments
In an attempt to breach the Chinese chip market, Intel Corporation (NASDAQ:INTC) has agreed to invest $1.5 billion in Tsinghua Unigroup Ltd. owner of Spreadtrum Communications Inc. and RDA Microelectronics Inc. Intel Corporation (NASDAQ:INTC) will own 20% stake in Tsinghua Unigroup Ltd. and it shows Intel’s desperation to move into the Smartphone chip market and…
General Motors Company (GM) Gets Investment Grade Rating by Standard & Poor’s
General Motors Company (NYSE:GM) has risen to investment grade, 5 years after the company received government support to lift it from bankruptcy. The Standard & Poor’s gave the company the rating, citing improved global performance that has resulted in a healthy cash flow. S&P took a very keen interest on the impact of the recent…
BlackBerry Ltd (BBRY) Downgraded to “Hold” by BGC Analyst
BlackBerry Ltd (NASDAQ:BBRY) stock slumped to hit a one month low of 6% after BGC analyst Colin Gillis gave out a “hold” rating to the Canadian company in a poetic fashion. The rating comes only a day before the company releases its second financial quarter report. BGC downgraded BlackBerry Ltd (NASDAQ:BBRY) from “buy” to “hold”,…