There are several speculations regarding the upcoming strategies of multination companies and International Business Machines Corp. (NYSE:IBM), one of the biggest telecom companies in the world, has brushed off one such so-called strategic step mentioned in Forbes report. Forbes published a report under which, it said that IBM would layoff up to 26 percent of…
Google Inc (GOOGL) To Compete with AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) in Wireless Service through Sprint Corp (NYSE:S), T-Mobile US Inc (NYSE:TMUS)
Google Inc (NASDAQ:GOOGL) is reportedly up on plans to compete with mobile carriers AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) by offering a wireless service of its own through the network capacity of other mobile service providers. An anonymous source told Bloomberg that Google’s planned wireless service, to become known as Mobile Virtual Network…
Microsoft Corporation (MSFT) Strengthens Cloud Infrastructure by Acquiring Startup Revolution Analytics
Microsoft Corporation (NASDAQ:MSFT) is seeking to boost its position in the cloud business industry by acquiring Revolution Analytics, a Mountain View, California-based startup involved with products and services based on the statistical programming language called R, a tool used to sift through data. The acquisition comes at a critical time when companies are increasingly seeing…
Facebook Inc (FB)’s Chief Operating Officer Ready to Put In Efforts For Promoting Women Online
The world’s biggest search engine company, Facebook Inc (NASDAQ:FB), is all set to promote online connectivity of women. After launching free internet connectivity app in Columbia last week, the chief operating officer of the company is putting more emphasis towards connecting female users online. Internet.org is an initiative from Facebook and other tech giant companies…
Yahoo! Inc. (YHOO) Could Be A Potential Acquisition Target After Rolling Off Alibaba Group Holding Ltd (BABA)’s Stakes
With its next quarterly earnings just a few days away, Yahoo! Inc. (NASDAQ:YHOO) is attracting a lot of speculations and some investors are considering it an excellent acquisition target provided the company decides to spin off its stakes in Alibaba Group Holding Ltd (NYSE:BABA). Marissa Mayer, CEO of Yahoo, said in October, “Many have pointed…
Amazon.com, Inc. (AMZN) Plans to Buy Israeli Chip Maker And Tech Startup Annapurna Labs
In a round of capital investments from all the major tech giants, Amazon.com, Inc. (NASDAQ:AMZN) has joined the bandwagon with initial speculations of acquiring an Israeli tech startup company. The online retailer is likely to spend up to $370 million and the new company would be a part of Amazon Web Services. Annapurna Labs is…
Google Inc (GOOGL)’s Shares Soar As Search Engine Giant Prepares to Offer Wireless Services With Sprint Corp (S)
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…
International Business Machines (IBM) Stocks Down, Limits Gains on ECB Bets
International Business Machines Corp. (NYSE:IBM) shares declined 3.1 percent to $152.16, one day after reporting a weak quarterly result and a 2015 forecast that fell below estimates. The decline limited gains made by U.S. stocks on the Dow on news of stimulus from ECB (European Central Bank), but the blue-chip-index got a boost after UnitedHealth…
Alibaba Group Holding Ltd (BABA) Keen to Invest In State-Run Insurance Company, Ecommerce Giant Exploring Multiple Industries Aggressively
In its latest investment plans, Alibaba Group Holding Ltd (NYSE:BABA), the largest ecommerce company of the world is all set to initiate positions in the state-run insurance company, New China Life Insurance. The shares of Alibaba soared in excess of 3 percent after the announcement. Right from its first IPO in September last year, Alibaba…
eBay Inc (EBAY) To Cut Jobs, Selling Enterprise Unit Ahead of PayPal Split
eBay Inc (NASDAQ:EBAY) will be reducing its global workforce by 7 percent, representing about 2,400 staff worldwide, as the e-commerce giant is reeling from the effects of a cyber-attack that forced it to ask customers to reset their passwords. “Eliminating jobs is never easy, but these decisions were necessary,” CEO John Donahoe said in a…