The world’s most popular search engine company, Google Inc (NASDAQ:GOOGL), is getting into the wireless service sector as the company joined hands with Sprint Corp (NYSE:S) to offer wireless services. The search engine giant would use Sprint’s network while maintaining its own customers support and billing services. The shares of Google soared in excess of…
Netflix, Inc. (NFLX) Plans Expansion in Over 200 Countries, China On Priority List Amid Competition From Chinese Tech Giants
The shares of Netflix, Inc. (NASDAQ:NFLX) soared in excess of 17 percent after announcing its fourth quarter 2014 financial results. However, its quarterly results indicated a slacking subscriber growth in the United States, although the company is profitable in 40 out of its existing 50 global markets. The video-streaming service has its eyes set on…
American Express Company (AXP) Announces 4,000 Job Cuts Amid Increased Spending in Fourth Quarter 2014 Financial Results
The shares of American Express Company (NYSE:AXP) slid nearly 2 percent in the after-hours trading post the announcement of fourth quarter 2014 financial results. Despite of an increase in revenue and net income, the investors seemed worried about the increasing expenses in addition to heightened growth expectations from the card issuer company. The credit card…
Delta Air Lines, Inc. (DAL) Reports $712 Million Fourth Quarter Loss on Fuel Hedging, Bullish Prospects for the Year
Delta Air Lines, Inc. (NYSE:DAL) posted a loss of $712 million on fuel hedge settlements in its fourth quarter results, although the carrier beat analysts expectations. Adjusted pre-tax profit is at $1 billion for the quarter, bringing the annual pre-tax profit at $4.5 billion. Revenue soared by 6 percent by the quarter to $9.65 billion,…
Netflix, Inc. (NFLX)’s Shares Skyrocket Post Impressive Fourth Quarter Results, Added 4.3 Million Subscribers During the Quarter
The shares of Netflix, Inc. (NASDAQ:NFLX) increased up to 19 percent during the regular and extended hour trading after the video streaming company announced its fourth quarter results. According to its recent quarter results, the company has surpassed 57 million global subscribers with 4.3 million net subscribers in its fourth quarter 2014. In 2014, Netflix…
J.C. Penney Company Inc (JCP) Restores Catalog After 5 Years
J C Penney Company Inc (NYSE:JCP) will resume mailing catalogs after five years of doing away with it as a means of boosting sales, according to the Wall Street Journal. The new catalogs will be sent to select customers this coming March, with 120 print pages detailing items from the store’s home department. The last…
Amazon.com, Inc. (AMZN) Awaits Luxembourg Tax Probe Announcement From European Commission, ‘State aid’ Offered to The Retailer
In the recent turn of events concerning Amazon.com, Inc. (NASDAQ:AMZN)’s Luxembourg tax probe, the European Commission is likely to release details on Friday. The retailer joined the likes of Apple Inc. (NASDAQ:AAPL) and Starbuck Corporation (NASDAQ:SBUX) in October last year as each of these companies are under EU’s scanner for their tax practices. The primary…
Target Corporation (TGT) Ready to Leave Canada After Losing Money for Two Years, Closes All 133 Stores
After incurring losses in its Canadian operations for over 2 years, Target Corporation (NYSE:TGT) has finally decided to terminate operations in Canada. The statement came right from the CEO of Target announcing the closure of 133 Canadian stores and more than 17,000 employees at the Canadian subsidiary of the retailer are likely to lose their…
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…
GameStop Corp. (GME)’s Shares Soar In Excess of 6 Percent Post Higher Same-Store Sales in December
The shares of the video game products retailer, GameStop Corp. (NYSE:GME), jumped 6.50 percent in the extended hour trading session pushing the shares to $34.90. The jump in share prices is primarily a result of the higher same-store sales of the company in December 2014. GameStop registered an increase of 4.4 percent in its same-store…