After being a bit late to the smart device market, Intel Corporation (NASDAQ:INTC) is not willing to risk the potential wearable tech-accessories market. Among its latest partnerships, the chipmaker has collaborated with the luxury eyeglass maker, Luxottica Group SpA (ADR) (NYSE:LUX), to develop high-tech glasses. The latest announcement from the two companies includes a multiyear…
Twitter Inc (TWTR) Innovates on Harassment Reporting Tools
Twitter Inc (NYSE:TWTR) is traditionally known as champion of free speech, and the social networking site has in the past been a venue of posts using offensive language. In an effort to combat online abuse and promote safety in its site, the company has announced Tuesday that it is rolling out improvements to help its…
Apple Inc. (AAPL) Late CEO Steve Jobs Led the Company to Violate Antitrust Laws
Apple Inc. (NASDAQ:AAPL) late CEO Steve Jobs may have deliberately led the tech giant into violating antitrust laws. In a class action suit filed way back in 2005, plaintiffs argue that Apple have violated antitrust laws by restricting its iPod customers to buying music only from Apple-owned iTunes, which the company has implemented by means…
Citigroup Inc (C) Stopping LavaFlow ECN
Citigroup Inc (NYSE:C) will close down LavaFlow, an alternative trading platform also known as electronic communications network (ECN). An exclusive report by Reuters divulged of the bank’s decision to re-align capital. efforts, and resources from LavaFlow ECN towards other units in Citi’s Equities Division. LavaFlow ECN, currently one of the largest trading platforms within Wall…
Alibaba Group Holding Ltd (BABA) Joins Tencent Holdings Ltd (0700) In Raking Investments For Ping An Insurance
Both Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (HKG:0700) joined hands to invest in Ping An Insurance (Grp) Co of China Ltd. (HKG:2318). The insurance company raised $4.7 billion out of the deal and registered as one of the largest share offerings in Hong Kong during the financial year. Ping An Insurance is…
Intel Corporation (INTC) Boosts Security Service Thru PasswordBox
Intel Corporation (NASDAQ:INTC), the world leader in computer chips, has acquired PasswordBox, according to company announcement made on Monday. According to the chipmaker, PasswordBox will form part of the company’s Safe Identity organization under Intel Security Group. Its task will be to boost security by doing away with the necessity of having to memorize a…
Amazon.com, Inc. (AMZN)’s Rating Cut to Negative After More Unsecured Note Release
After a sudden jump in share prices after the Black Friday sales, the shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped up to 3.73% to $326.00. The investor arm of Moody, Moody’s Corporation (NYSE:MCO), cuts its rating for the online retailer to “Negative” from earlier “stable” rating. The primary reason for the dramatic change in ratings is…
Microsoft Corporation (MSFT) Continues Its Acquisition Spree With 18-Months Old Startup
Acompli is the latest addition to the Microsoft Corporation (NASDAQ:MSFT) group with its focus towards Android and iOS email system. The acquisition of Acompli and recent launches of cross-technology devices are certainly an indication of the Windows-company adapting to the current technologies. Microsoft made official announcement on its blog quoting, “In a world where more…
Apple Inc. (AAPL)’s Smartwatch Creating Demand For Complete Niche, iPhone Maker Dominated Black Friday
Right from the time when Apple Inc (NASDAQ:AAPL) announced its smartwatch, there have been continuous speculations about its success, cost, and demand. Most of the experts are considering it a product that will redefine the complete niche. Further, the products of the company dominated Black Friday sales dwarfing its opponents. Steven Milunovich, analyst at UBS,…
International Business Machines Corp. (IBM) Gets Multi-Billion Dollar ABN Amro Cloud Deal
International Business Machines Corp. (NYSE:IBM) and ABN Amro has inked an agreement covering terms for a 10-year deal that will see IBM providing computing services to the Dutch bank. Prior to this deal, ABN Amro has laid out its plans last month to switch to cloud infrastructure even as its customers are increasingly relying on…