Alibaba Group Holding Ltd (NYSE:BABA) is on the receiving end of a criticism from a Chinese regulation agency accusing the e-commerce giant of failing to control the deluge of fake goods within its websites. The State Administration of Industry and Commerce (SAIC), China’s leading business regulation agency, said in a report that Alibaba tolerated “illegal…
QUALCOMM, Inc. (QCOM)’s Shares Tank Post Lower Fiscal 2015 Forecast And Ailing New Chip Response
The shares of QUALCOMM, Inc. (NASDAQ:QCOM) fell in excess of 9 percent after the chipmaker announced its first quarter 2015 financial results. The primary concern of investors was lower fiscal 2015 revenue forecast and ailing new chip from the company. At the same time, the chipmaker said its latest Snapdragon mobile chip has lost one…
Facebook Inc (FB) Will Raise Spending Up Even As Sales Growth Slows
Facebook Inc (NASDAQ:FB) will see its expenses rise sharply as the social networking giant is turning its efforts towards other investments projected to offset slowing sales growth on its main networking site. As early as three months ago, CEO Mark Zuckerberg told investors that Facebook will allocate more spending in areas such as mobile advertising…
Facebook Inc (FB) Overrun Market Expectations Again With Splendid Fourth Quarter 2014 Financial Results, Heightened Expenses Drag Share Prices
The world’s biggest social networking company, Facebook Inc (NASDAQ:FB), once again exceeded the market expectations with its fourth quarter 2014 and fiscal 2014 financial results. The tech company reported 58 percent growth in its annual revenue in 2014 but heightened expenses kept share prices doodling after the announcement. Facebook reported 1.39 billion monthly active users…
Microsoft Corporation (MSFT) Shares Down on Sluggish Business-License Sales
Microsoft Corporation (NASDAQ:MSFT) slipped 10 percent on Tuesday after the software firm reported results for the quarter that beat expectations, but with a warning that a strong dollar together with a sluggish PC market will adversely affect growth for the current year. In a statement released on Monday, Microsoft reported that revenue gained from commercial-licensing…
Facebook Inc (FB) Denied External Attack For Service Outage of Social Network And Instagram
The social media network, Facebook Inc (NASDAQ:FB), with over 1.35 billion web monthly active users and nearly 1.12 billion mobile phone users suffered a temporary service outage on Tuesday. However, the company took responsibility for the outage stating that a technical glitch led to the shutdown of its services along with photo-sharing app, Instagram, which…
AT&T Inc. (T) Beat Market Expectations in Fourth Quarter 2014 Financial Results, Profit Margins Fall Amid Increasing Competition
The shares of AT&T Inc. (NYSE:T) were up 1.43 percent in the after-hours trade after the telecom company posted slightly better than expected fourth quarter 2014 financial results. The company reported growth in its subscribers along with shrinking profit margins because of higher competition from smaller rivals T-Mobile US Inc (NYSE:TMUS) and Sprint Corp (NYSE:S).…
Apple Inc. (AAPL) Sets New Record With 74.5 Million iPhone Sales, Shares Skyrocket Post Quarterly Results
The shares of iPhone maker, Apple Inc. (NASDAQ:AAPL), soared in excess of 5 percent after the Cupertino based company announced its first quarter 2015 financial results. The tech giant registered one of the most profitable quarters in its history along with record sales figure for its flagship product, iPhone. Apple reported net profits of $18…
Yahoo! Inc. (YHOO)’s Shares Soar Post Alibaba Group Holding Ltd (BABA)’s Shares Tax-Free Spin-Off
The shares of Yahoo! Inc. (NASDAQ:YHOO) soared in excess of 6 percent after the technology company announced tax-free spin-off of its 15 percent stake in the ecommerce company, Alibaba Group Holding Ltd (NYSE:BABA). The tech company holds 15 percent shares of the ecommerce giant and its stake is valued at $40 billion at least. Yahoo…
Microsoft Corporation (MSFT) Loses Up to 5 Percent Share Value After Fourth Quarter 2014 Financial Results
The shares of Microsoft Corporation (NASDAQ:MSFT) stumbled down nearly 5 percent after the tech giant announced its second quarter 2015 financial results. One of the primary reasons for the drop in profit was slower computer sales and strong U.S Dollar performance. The shares of the tech giant were trading at $44.80 in the pre-market trades.…