Facebook Inc (NASDAQ:FB) lost 8.20% share price in afterhours trading post announcing its third quarter 2014 results closing at $74.15. The social network announced an aggressive spending plan for its latest acquisitions and projects leading to the decline. The world’s largest social media network announced its third quarter 2014 results with an impressive increase of…
NQ Mobile Inc (ADR) (NQ)’s Shares Rise 6% Post Form 20-F filing, Tech Company Recover Compliance Status
The shares of NQ Mobile Inc (ADR) (NYSE:NQ) rose over 6% after the technology company filed its much awaited Form 20-F for fiscal 2013. The company recovered its full compliance status while having no adverse findings during the investigation. NQ Mobile filed its 20-F form with the SEC (U.S. Securities and Exchange Commission) for the…
Micron Technology, Inc. (MU)’s Shares Soar Post $1 Billion Stock Repurchase Announcement
The shares of Micron Technology, Inc. (NASDAQ:MU) grew 4% after its $1 billion stock buyback announcement. The company would initiate $1 billion worth of discretionary share repurchase of its outstanding common stock. The semiconductor manufacturer announced the buyback program after announcing better-than-expected fourth quarter results last month. According to Ron Foster, CFO and VP of…
Amazon.com, Inc. (AMZN) Acquires Rooftop For Rich Digital Content Profile, Likely To Raise Bar Against Rival Streaming Channels
In an effort to compete against increasing digital service content providers, Amazon.com, Inc. (NASDAQ:AMZN) acquired the online comedy channel, Rooftop Media, for an undisclosed amount. Rich digital content portfolio is likely to help the company compete against Netflix, Inc. (NASDAQ:NFLX) and other rising digital content channels. Rooftop Media is engaged in recording live performances of…
Twitter Inc (TWTR) Shares Decline Amid Lower User Engagement In Third Quarter 2014
The shares of Twitter Inc (NYSE:TWTR) slid more than 12% during the afterhours trading closing at $43.22 after its third quarter 2014 results. The social media platform lost up to 7 percent user engagement during the quarter along with lower-than-expected revenue guidance for its fourth quarter 2014. The micro-blogging platform announced its third quarter 2014…
Yahoo! Inc. (YHOO) Shares Spike Up Amid Rising Alibaba Group Holding Ltd (BABA), Says Cramer
After facing resistance from activist investors and the shareholders alike, Yahoo! Inc. (NASDAQ:YHOO)’s CEO could finally catch breath with rising share prices, thanks to the Alibaba Group Holding Ltd (NYSE:BABA)’s growing share prices. Jim Cramer called the spike in Alibaba Group’s share prices responsible for Yahoo’s recent success. As per Cramer, Alibaba is likely to…
Hewlett-Packard Company (HPQ) Turns To Local Market For Selling Corporate Networking Business in China
Hewlett-Packard Company (NYSE:HPQ) has started local search for a potential buyer for its networking business unit in China and the company is likely to sell off a majority stake in the unit. This deal is among one of the latest examples of growing corporate tension between Chinese and American technology firms. The company is getting…
Google Inc (GOOGL) Gets New Internet Products Head Amid Frequent Management Changes in 2014
In the series of key management changes for Google Inc (NASDAQ:GOOGL), Sundar Pichai is the new head of the company’s Internet products. The tech giant has had several management changes in this fiscal and the new head is said to be among Larry Page’s, CEO of Google Inc, favorite executives. Mr. Pichai is going to…
Salesforce.com, Inc. (CRM) Initiates Plan To Enter Healthcare Industry, Competition Likely To Rise In Near Future
Salesforce.com, Inc. (NYSE:CRM) is the latest mega-company to target the healthcare industry and the company is putting in all of its efforts to create business worth $1 billion. The healthcare industry already has big players like Microsoft Corporation (NASDAQ:MSFT) trying to replace existing information systems in the medical industry. Salesforce has been busy hiring key…
Apple Inc. (AAPL)’s Troubles To Rise Further As CVS Health Corp (CVS) And Rite Aid Corporation (RAD) Decline Apple Pay
With Apple Inc. (NASDAQ:AAPL) aiming to tap the mobile payment industry with Apple Pay, merchant groups have joined hands against the system as CVS Health Corp (NYSE:CVS) and Rite Aid Corporation (NYSE:RAD) declined Apple Pay transactions. Both the merchants favored online payment system developed by Merchant Customer Exchange (MCX). CVS Health Corp (NYSE:CVS) and Rite…