SolarCity Corp (NASDAQ:SCTY) reported its third quarter 2014 results with top earning results while missing the revenue estimates for the quarter. The shares of the power company lost nearly 6% in the regular and extended trading sessions. The electric company announced net revenues of $58.3 million during the third quarter 2014 with gross profit of…
General Electric Company (GE) Received Approval from French Authorities to Purchase Alstom (ALO.PA)’s Power Unit
Earlier this year, General Electric Company (NYSE:GE) made an offer to purchase a majority stake in Alstom (ALO.PA)’s power business and the same has been given a green light by the French Authorities. The U.S. energy company would acquire majority stake in the renewable, grid and thermal business of Alstom. General Electric Company (NYSE:GE) made a…
Time Warner Inc (TWX) Announces Budget Cuts, HBO Plans 7% Staff Layoffs
After rejecting a takeover bid, Time Warner Inc (NYSE:TWX) is ready to implement strict budget constraints. Under its recent budget cut announcement, HBO, Pay TV network of Time Warner, is likely to lay off up to 7% of its current staff. Time Warner Inc (NYSE:TWX) rejected $85 per share takeover bid from Twenty-First Century Fox…
AT&T Inc. (T) In Trouble With FTC Concerning Speed Cuts And Data Restrictions In Unlimited Data Plans
AT&T Inc. (NYSE:T) is in news following a lawsuit from the Federal Trade Commission over the data carrier’s practice to cut data speed in their unlimited data plans. The FTC called it deceptive and accused the company of misleading millions of Smartphone users with its data plan. The second largest telecom carrier in U.S. is…
Sprint Corporation (S) Starts Layoffs At Kansas Headquarters, More Job Cuts In Pipeline
One of the top priorities of the new Sprint Corporation (NYSE:S)’s CEO is to control the operating costs of the company while getting its subscribers back. As the third largest U.S. Carrier said earlier, the company is likely to lay off more of its workforce in near future starting with its Overland Park, Kansas headquarters…
Cramer Believes That Netflix Inc (NFLX) Might Overpriced With Current Price Level
In the face of stock market crash on Thursday, 16th October, 2014, Netflix Inc (NASDAQ:NFLX) was one of the companies that registered a steep decline, although its downward momentum was regarded as being slower than many other names which had tumbled on that day. The big question is whether this decline is a short-term correction…
CBS Corporation (CBS) Decided To Start Video-on-Demand and Online Streaming Services
Just one day after Time Warner Inc (NYSE:TWX)’s HBO announced online video streaming starting in 2015, CBS Corporation (NYSE:CBS) came up with its video-on-demand and online streaming services. More and more cable TV providers entering the online streaming services is likely to heat up the industry for existing players like Netflix, Inc. (NASDAQ:NFLX). According to…
Google Inc (GOOGL) Seeks FCC Approval to Test Fast Wireless Internet Connection
What comes to many a user’s mind when talking about fast internet connection is fiber optic. And indeed it has served to make internet speeds faster and more reliable. However, several users may not be aware of what ISPs go through in order to set up these networks. For those who are aware of what…
T-Mobile US Inc (TMUS) and Sprint Corporation (S) Target Lower-End Subscribers to Boost Postpaid Connections
According to the latest reports from UBS, T-Mobile US Inc (NYSE:TMUS) and Sprint Corporation (NYSE:S) are reaching out to the lower-credit customers to boost their postpaid subscriber pool. The report highlighted another astonishing fact for the saturated U.S. telecom industry stating that the four major U.S. carriers are likely to add up to 4.3 million…
Iliad SA (ILD) Abandoned Bid For T-Mobile US Inc (TMUS) After Sprint Corporation (S)
It is the second time that a potential acquirer has deserted its pursuit of T-Mobile US Inc (NYSE:TMUS), as Iliad SA (EPA:ILD) withdraws its offer to acquire the telephone maker. This is the second company after Sprint Corporation (NYSE:S) to abandon its acquisition of the fourth-largest mobile carrier in the U.S. Earlier, Deutsche Telekom AG…