Amazon.com, Inc. (NASDAQ:AMZN) unveiled a new lineup of Kindle devices with a premium Kindle Voyage offered by the company. The online-retailer introduced six new devices with the highest price tag of $199 for Kindle Voyage. In addition to it, users can enjoy an advanced experience with the basic Kindle e-reader, which comes with a touch…
E I Du Pont De Nemours And Co (DD) Faces Eminent Pressure Nelson Peltz to Split Business
The head of Trian Fund Management LP, Nelson Peltz, launched a campaign to spilt E I Du Pont De Nemours And Co (NYSE:DD) into two separate entities. Trian Fund has $1.6 billion worth of DuPont’s shares and Peltz undermined the efforts made by DuPont’s management by calling them insufficient to improve the performance of the…
Tesla Motors Inc (TSLA)’s Win in Massachusetts Prepares Path for Future Direct Sales
Tesla Motors Inc (NASDAQ:TSLA) achieved a milestone in its direct sales after winning a legal battle against the Massachusetts State Automobile Dealers Association. Tesla Motors is facing similar charges in different states and this judgement is likely to help it in future legal battles. The case came into light when the Massachusetts State Automobile Dealers…
VirnetX Holding Corporation (VHC) Plummets 44% Amid Lower Patent Infringement Damages from Apple Inc (AAPL)
VirnetX Holding Corporation (NYSEMKT:VHC) lost 44.37% of its share price after a federal appeals court overturned the $368 million damage award that the company won against Apple Inc (NASDAQ:AAPL). VirnetX closed at $8.30 after losing $6.62 in the day’s trading. The U.S. Court of Appeals for the Federal Circuit in Washington overturned the damages considering…
On Track Innovations Ltd (USA) (OTIV) Gets a Boost from Apple Inc (AAPL)’s iPhone 6 Launch
Apple Inc (NASDAQ:AAPL) broke its previous record of pre-order sales with 4 million units booked within 24 hours of opening. Both iPhone 6 and iPhone 6 Plus have received an extraordinary response from the market. Amid the success of Apple Inc (NASDAQ:AAPL)’s iPhone 6, On Track Innovations Ltd (USA) (NASDAQ:OTIV) has turned out to be…
Coca-Cola Company (KO) Uses Facebook Inc (FB) to Re-Launch Surge
Circa 1996 was the year that was witness to the launch of Surge, a citrus-flavored beverage, by Coca-Cola Company (NYSE:KO) in a bid to compete with Mountain Dew, a similar drink marketed by its arch-rival PepsiCo. As luck would have it, this brand turned out to be one the most short-lived creations and was soon…
Tesla Motors Inc (TSLA) Wins Court Case in Massachusetts Related to Direct Sales
Tesla Motors Inc (NASDAQ:TSLA) won a court battle filed by auto dealers who wanted the car manufacturer barred from selling to customers directly in its stores. The Massachusetts Supreme Judicial Court dismissed the case citing auto dealers “lack of standing and failure to state a claim.” The Massachusetts State Automobile Dealers Association went to court…
Tesla Motors Inc (TSLA) Stumbles 9% Amid Growth Cautions From Analyst
Tesla Motors Inc (NASDAQ:TSLA)’s shares tanked 9% today after a Wall Street analyst raised questions about the growth of the electric carmaker. The analyst, Adam Jonas, issued a report focusing on some primary factors that might hamper the growth of Tesla Motors Inc (NASDAQ:TSLA) in future. Adam Jonas supported Elon Musk’s, CEO of Tesla Motors,…
Google Inc (GOOGL)’s Driverless Technology Not Welcomed by Major Automakers
Google Inc (NASDAQ:GOOGL) is the name that defines innovation in various aspects of life; let it be Google glasses, Android operating system or the evolving search industry. Driverless car is the latest addition to it. The target of Google is efficient, safe and enjoyable driving. However this time around, Google is not welcomed by the…
Ford Motor Company (F) Improves Vehicle Sales in Europe in First Eight Months of 2014
Ford Motor Company (NYSE:F) is finally getting a good response from the European market after six successive years of declining sales. The European subsidiary of the automobile giant has recorded 7% increase in vehicle sales during the first eight months of the fiscal year 2014. The primary reason for sale improvement is the Kuga sports…