With Yahoo! Inc. (NASDAQ:YHOO)’s shares gaining value in the market, the company is finding it difficult to save its profits from Uncle Sam post Alibaba’s IPO. Yahoo! Inc. (NASDAQ:YHOO) is looking for potential methods to save taxes. Earlier, the company said that its sales of Alibaba’s shares in the much-hyped IPO would be taxable and…
Apple Inc (AAPL)’s iWatch May Revolutionize the Wearable Device Market
In addition to the much hype received by Apple Inc (NASDAQ:AAPL)’s iWatch, a report from Cowen & Co., investment bank, states that the iconic device might revolutionize the wearable device industry. Cowen & Co. further predicted that the wearable device industry market might grow up to $170 billion by 2020 from existing $10 billion in…
Amazon.com, Inc (AMZN) Cuts Down Fire Phone Price to 99 cents
In one of the most surprising revelations made by Amazon.com, Inc (NASDAQ:AMZN), the giant e-commerce retailer slashed the price of its first Smartphone, Amazon Fire, to 99 cents just two months after its debut. Amazon.com, Inc (NASDAQ:AMZN)’s shares fell 1.87% after the announcement, especially after considering the huge price cut in both 32-GB and 64-GB…
Baidu Inc (ADR) (BIDU) Employs Top Microsoft Corporation (MSFT) Executive
In its quest for hiring the best top management team, Baidu Inc (ADR) (NASDAQ:BIDU) hired the most-regarded Microsoft Corporation (NASDAQ:MSFT)’s executive in China, Zhang Yaqin for a new business role. The company is said to improve its portfolio with more acquisitions and investments in innovative technologies. The main reason for hiring Zhang is to offer…
Check Point Software Technologies Ltd. (CHKP)’s Shares Soar Amid Data Breach Incidents at Apple Inc. (AAPL) and JPMorgan Chase & Co. (JPM)
With a string of data breaches threatening the corporate America and user privacy, Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares have soared with an anticipated increasing in its security-service demands. The string of data breach incidents started with JPMorgan Chase & Co. (NYSE:JPM) when the company reported a data breach to the state, as reported…
Apple Inc (AAPL) Enjoys an Enviable Position in China via WeChat
Who could have ever imagined that a single app could turn the market around for a tech giant as powerful as Apple Inc (NASDAQ:AAPL)? But this is exactly what WeChat, or Weixin as it is known in China has proved subsequent to having captured a large chunk of the market courtesy of its multiple functions.…
CenturyLink, Inc. (CTL) Plans to Acquire Rackspace Hosting, Inc. (RAX) to Explore Cloud-Computing Possibilities
CenturyLink, Inc. (NYSE:CTL) is likely to enter the cloud-computing service industry by acquiring Rackspace Hosting, Inc. (NYSE:RAX). Rackspace Hosting, Inc. (NYSE:RAX) has a stock market value of $5.33 billion until last week. The acquisition will help CenturyLink, Inc. (NYSE:CTL) to compete against other web service providers including Amazon.com, Inc. (NASDAQ:AMZN). CenturyLink, Inc. (NYSE:CTL) is not…
Google Inc (GOOGL) Plans Public Hearings Against Right-to-be Forgotten Answers
Google Inc (NASDAQ:GOOGL) is all set to fight back against the European Union’s “right to be forgotten” ruling. Following a ruling from the European Union Court of Justice under which, Google must remove personal information from search results upon requests. In order to oppose against the ruling, Google Inc (NASDAQ:GOOGL) is planning public hearings in…
DISH Network Corp (DISH) Ready to Explore T-Mobile US Inc (TMUS) Acquisition Deal
Charlie Ergen, DISH Network Corp (NASDAQ:DISH), reached out to Deutsche Telekom AG (ETR:DTE) to discuss the acquisition of T-Mobile US Inc (NYSE:TMUS) in near future. Ergen is interested in the deal after Sprint Corporation (NYSE:S) abandoned its quest to take over T-Mobile US Inc (NYSE:TMUS). As per the current proceedings, Ergen has not made any…
Facebook Inc (FB) CEO All Set to Spend Billions for Promoting Web Access Worldwide
In an initiative to promote web access across the world, Facebook Inc (NASDAQ:FB) CEO, Mark Zuckerberg, said that he is ready to spend billion to promote internet access throughout the world at an even organized in Mexico City. Carlos Slim, America Movil SAB’s Chairman, organized the event and Zuckerberg added, “We feel a big responsibility…