In one of the most surprising deals, Microsoft Corporation (NASDAQ:MSFT) announced partnership with Dropbox to allow its users to share and edit files seamlessly on Dropbox through the Office Mobile App. The collaboration came as a surprise considering that most of the tech companies rather prefer to acquire startups instead of getting into a partnership.…
AT&T Inc. (T) And Comcast Corporation (CMCSA) Discard Plans For Paid Internet Prioritization
Two of the major U.S. broadband providers, AT&T Inc. (NYSE:T) And Comcast Corporation (NASDAQ:CMCSA), wrote letter to the U.S. Senate Judiciary Committee Chairman stating that none of them are in favor of paid internet prioritization as it is likely to have an adverse affect over the customers. The U.S. Senator, Patrick Leahy, sent letters to…
LinkedIn Corp (LNKD) Shares Spike 5% Post Splendid Third Quarter Results 2014, China Contributes In Overseas Growth
The shares of LinkedIn Corp (NYSE:LNKD) witnessed nearly 5% hike after the online network posted its third quarter 2014 financial results. The hiring business of the corporate network has performed well in the domestic as well as overseas markets. The corporate networking platform reported 45% increase in its quarterly revenue at $568 million as compared…
Twitter Inc (TWTR) Continues Losing Streak, Two Key Technologists To Leave The Company
After announcing less-than-expected third quarter 2014 results, the shares of Twitter Inc (NYSE:TWTR) have lost more than 13% of their share value. Amid its losing streak, two more key engineers of the company have announced their departure from the micro-blogging site citing an unclear vision responsible for dropping out. Twitter announced its third quarter results…
Microsoft Corporation (MSFT) Announces 3,000 Staff Layoffs, Launches First Wearable Device
In the continuity of reducing global workforce, Microsoft Corporation (NASDAQ:MSFT) has announced 3,000 job cuts with handset business as the primary target of the announcement. Further, the company launched its first wearable device coupled with Microsoft Health service. The Windows maker announced 3,000 more job deductions to achieve its overall workforce reduction target of 18,000.…
Facebook Inc (FB)’s Spending Plans Foe Investors, Analysts Eye Long-Term Growth
The shares of Facebook Inc (NASDAQ:FB) witnessed a massive downward rally and the company lost up to 7% share value closing at $75.30 in the pre-market trading after its quarterly results. The primary reason behind the decline is the heightened spending plans of the social networking giant; however, the company has received thumbs up from…
Twitter Inc (TWTR) And International Business Machines Corp. (IBM) To Come Together For Enterprise Data Analytics
Twitter Inc (NYSE:TWTR) and International Business Machines Corp. (NYSE:IBM) are all set to offer data analytics services to enterprises depending upon the data collected from Twitter. The main aim of this association is to help corporations understand market trends, customers, and make informed business decisions. Following his statement at the third quarter 2014 financial results,…
International Business Machines Corp. (IBM) Announces Additional $5 Billion For Its Share Repurchase Program
The shares of International Business Machines Corp. (NYSE:IBM) witnessed 1% increase after the company announced additional $5 billion contribution to its share repurchase program. The company announced dividend of $1.10 per common share and by paying its December dividend, the company would complete regular quarterly dividend payments since 1916. According to the news release on…
GT Advanced Technologies Inc (GTATQ) Not In A Position To Seek Legal Dispute Against Apple Inc. (AAPL)
After filing for a surprise chapter 11 bankruptcy, GT Advanced Technologies Inc (OTCMKTS:GTATQ) said in a court filing that the company would try to avert any legal battle with Apple Inc. (NASDAQ:AAPL) considering the huge legal cost and resultant fine over the sapphire maker. The sapphire maker mentioned the damages of up to $1 billion…
Apple Inc. (AAPL) Comes Up With Official Explanation Of iPhone Software Glitch, Cook Takes On Retailers For Declining Apple Pay
Apple Inc. (NASDAQ:AAPL) offered its first official explanation for the software glitch that left thousands of iPhone users disconnected. At the same time, Apple CEO took on retailers for declining Apple Pay payments citing huge list of merchants ready to sign up. Greg “Joz” Joswiak, product-marketing executive for Apple, explained the software bug stating that…