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Retailers Making New Strategies for Advertising
Nordstrom, Target as well as other large chains are putting their hope of attracting more shoppers on social media. Today retailers are using Pinterest more and more. The social media site allows its users to create group of photos,... More of this article »
Netflix Set to Increase Subscription Price
Netflix has decided it is time to up the ante. The streaming video service is set to increase its monthly subscription prices for just the first time in the past three years. This will help Netflix pay for additional video programming... More of this article »
LinkedIn Reaches Milestone of 300 Million Members
LinkedIn has reached 300 million members and the professional networking site is betting big that mobile devices will drive its growth, as 50% of its traffic is projected to come from the handheld devices. Senior VP at LinkedIn Deep... More of this article »
Galaxy S5 Sales are Double those of S4
The Samsung Galaxy S5 sold twice as quickly as its predecessor the S4 on the day it was launched, said retailers in the UK as up to 99% of the new Samsung smartphones sold are on contracts with 4G. The new generation S5 cannot be kept... More of this article »
Oculus Rift Maker Purchased by Facebook for $2 Billion
Facebook announced it was acquiring Oculus VR the company that developed Oculus Rift the headset that is virtual reality. Facebook is spending over $2 billion for the company that includes $400 million in cash and more than 23.1 million... More of this article »
Apple Discussing Streaming Video with Comcast
Comcast and Apple have reportedly been in talks for a deal, which would allow users of Comcast to access the content of the cable provider via a set-top box on Apple TV. However, the arrangement includes as well an interconnection... More of this article »
Walmart Uses Tool Revealing Prices of Competitors
A new tool used by Walmart could succeed in shaking up the pricing world once again. Walmart said it has unveiled a tool to use online that compares prices it has on over 80,000 household and food products from dishwashing soap to... More of this article »
Twitch Partnering with Gameloft in Mobile Streaming
The leading video community and platform for gamers in the world, Twitch, announced on Monday that Gameloft’s Asphalt: Airborne for the platform iOS would be the first mobile game ever featuring the live streaming functionality from... More of this article »
Alibaba Gearing Up for IPO in U.S.
Alibaba Group, the e-commerce giant based in China said on Sunday it would go public on a stock exchange in the U.S. in a move that analysts said might raise as much as $15 billion in this year’s biggest initial public offering to... More of this article »
Coupons.com Surges by 88% in Debut
Coupons.com debuted this week on the New York Stock Exchange and soared by 88% in its first day with an IPO. The coupon site online listed its shares at $16 and ended the first day at $30. The company was able to raise $168 million... More of this article »
Netflix Agrees With Comcast for Faster Access to Web
Netflix, Inc the largest subscription service in the world for video streaming joins behemoths such as Facebook and Google that already pay Comcast for their content delivery network access. The video streaming service agreed it would... More of this article »
First Quarter Revenue and Earnings at HP Top Estimates
On Thursday, Hewlett-Packard Co. reported its revenue and earnings for the first quarter that exceeded forecasts on Wall Street. The biggest reason was the surprise strength in it sales of personal computers to businesses. The company... More of this article »
Firestorm Ignited over AOL CEO Comments
This past week should have resulted in a great week for Tim Armstrong the CEO of AOL after the company’s earnings for the quarter were announced as the best for the past decade. However, his comments angered his employees, insulted... More of this article »
Twitter Says Sales and User Growth will Slowdown
Twitter reported solid sales during its first earnings report since its initial public offering in 2013, but its stock dropped in trading after hours on its disappointing outlook. The company reported that sales were $243 million during... More of this article »
Zynga Buys NaturalMotion and Announces Workforce Cut
Zynga Inc announced this week it would acquire NaturalMotion, the company that produces the mobile games Clumsy Ninja and CSR Racing. At the same time, it announced it would cut 15% of its overall workforce in an effort to turnaround... More of this article »
Amazon Revenue Increases but Still Disappoints
Sales during the holidays lifted the fourth quarter revenue for Amazon.com more than 20% from the previous year’s same period. That helped profit at the online giant, but it did not do enough to meet projections from Wall Street. The... More of this article »
Net Loss for Fourth Quarter Posted by LG Electronics
South Korea based LG Electronics posted a net loss for its 2013 fourth quarter, as its earnings were hit hard by the strengthening Korean won and large expenses in advertising for its G2 5.2-inch Android flagship smartphone. LG, based... More of this article »
Microsoft Sees Record Sales for Last Quarter
Microsoft Corp has posted quarterly revenue and profit that exceeded estimates of Steve Ballmer its CEO, benefitted by sales of game consoles and cloud software in the last months of his tenure at the helm of the software giant. Revenue... More of this article »
Nokia Projects Lower Profit Margins
Nokia Oyj predicted that profit margins would shrink for its division of network-equipment, signaling that the company would sacrifice earnings so they can revive sales in an attempt to rebuild itself following the sale of its phone... More of this article »
Verizon Posts Profits in Excess of $5 Billion
Verizon announced a net income for the fourth quarter of 2013 of $5.07 billion. The wireless carrier was helped by the continued increase of wireless devices into its network. Verizon’s earnings beat expectations of Wall Street analysts... More of this article »
Intel to Cut Workforce as Sales Struggle
Cuts in jobs at Intel could affect as many as 5,400 jobs. Intel on Friday said it expected to lower its workforce during 2014 by 5%. The chipmaker ended last year with 107,600 workers, which means the cuts of up to 5%, could affect... More of this article »
Charter Communications has New Offer for Time Warner Cable
After numerous rebuffs, Charter Communications went straight to shareholders at Time Warner Cable on Monday with a new cash and stock offer of $61 billion in hopes it would pressure executives to rekindle negotiations. The proxy battle... More of this article »
Profit for Fourth Quarter Misses Estimates at HTC
Smartphone manufacturer HTC, based in Taiwan, reported a fourth quarter profit that was lower than expected on Sunday, despite its aggressive measures for cost cutting and a one off gain. The company has reported a profit of $10 million,... More of this article »
Delta Computer Glitch Creates Low Fares
On Thursday, Santa was out and about with late Christmas presents courtesy of Delta Airlines. Delta acknowledged on Thursday that a computer glitch had caused tickets to become steeply discounted that were purchased online. Some of... More of this article »
China Mobile and Apple Announce Agreement
China Mobile and Apple have announced on Monday an agreement that has been long anticipated to bring the Cupertino, California based Apple’s iPhone to the biggest phone company in the world. The deal could help increase the sale... More of this article »
Shares at HP Open Higher
Signs that the turnaround plan at Hewlett-Packard is finally yielding positive results has prompted one brokerage firm to increase its rating on share of HP, while eight others raised price targets. This has set the stock up for a... More of this article »
Shares of Google Break $1,000 Mark
Shares of Google have passed the $1,000 threshold for just the first time. On Friday, the stock was up nearly 14% after the business reported earnings that were better than had been expected. Shares of the online search giant closed... More of this article »
Shipments of Personal Computers Fall Due to Tepid Demand
Shipments of Personal Computers worldwide fell during the most recent third quarter, reaching the lowest level for that period since 2008. Industry experts blamed the drop on low demand from returning students. This marks the sixth... More of this article »
10,000 Jobs to be Cut by Alcatel-Lucent
Alcatel-Lucent the telecom equipment manufacturer has unveiled its latest plans to cut up to 10,000 jobs across the globe before the end of 2015. The company announced its plans on Tuesday and hopes to save as much as $1.36 billion... More of this article »
Advertisers on Twitter Say it Needs Additional Users
For some of Twitter’s advertisers, 218 million users is not an audience that is big enough, That was their message to the social network, which on Thursday detailed its plans to have an initial public offering. The ad buyers want... More of this article »
Samsung Estimates Record Profits
Samsung Electronics issued new guidance stating it predicted record operating profit for its third quarter. However, the electronics giant could be facing shareholder pressure to use its cash holdings as smartphone market saturation... More of this article »
Apple Passes Coca-Cola as Most Valued Brand
Cupertino, California based Apple has taken over first place from Coca-Cola as the No. 1 brand in the world. The company, originally founded by the late Steve Jobs, is now the leader in performance and design, according to a recent... More of this article »
Blackberry Announces Huge Loss for Second Quarter
The earnings results, which followed the preliminary ones of a week ago, showed that the struggling smartphone maker lost $965 million on $1.6 billion in revenue for the quarter ending August 31. The company also said it was going... More of this article »
Alibaba Wants Listing in U.S.
The most valuable Chinese e-commerce company, Alibaba Group Holding, will hold a highly anticipated U.S. initial public offering after it failed to agree with the stock exchange in Hong Kong over having a listing there, according to... More of this article »
Apple iPhone 5S Launch Sells Millions
Over the past weekend, Apple, Inc. sold nine million of its newest iPhones setting a new sales record for their first three days in retail outlets in the U.S. The initial supplies of the high-end model have sold out. Apple also announced... More of this article »
HTC Cutting Jobs in U.S.
HTC announced today it would be eliminating over 20% of its workforce in the U.S. the smartphone manufacturer based in Taiwan announced it would reduce its workforce in the U.S. as it attempts to optimize and streamline its operations. The... More of this article »
Goldman Sachs to Underwrite Twitter IPO
ldman sachs, Goldman Sachs beat out top rival Morgan Stanley to be the lead underwriter in the initial public offering for Twitter, giving it the bragging rights to the most anticipated debut from Silicon Valley since Facebook. The... More of this article »
Walmart to Offer Smartphone Trade-In Program
Apple is expected to launch its latest iPhone on Tuesday, but it is not the only huge company making an announcement about iPhones. Walmart is taking center stage as well. The largest retailer in the world is expected to unveil the... More of this article »
American and US Airways Merger Trial to Start in November
A federal judge said that the lawsuit filed by the government to block the proposed merger of American Airlines and US Airways will begin November 25. The timetable is favored by the airlines. The US Justice Department wanted the trial... More of this article »
Google Loses head of Android to Chinese Firm
A senior Android executive at Google is leaving the company to join a smartphone maker based in China that is up and coming in the industry. Hugo Barra, the vice president of product management of Android announced that this week he... More of this article »
FlightCar Offers New Service for Car Owners and Renters
FlightCar has something for car owners who use their cars for only a couple of days a month. The company rents out travelers’ cars while they are not in town. But on Monday, FlightCar announced a new service that pays car owners... More of this article »
Michael Dell One Step towards Approval for Buyout Deal
Michael Dell got the approval from the board’s special committee. This could lead the way for Dell to go private in a deal that was said to be worth $24.9 billion. The company’s shares increased 5 percent in trading as investors... More of this article »
Two Advertising Giants to become One
Omnicom and Publicis two of the world’s biggest advertising giants said on Sunday they were going to merge. The move will be a $35.1 billion hookup across borders that shows Big Data has made Madison Avenue look more and more like... More of this article »
Samsung and Apple Domination Coming to an End
As Samsung and Apple fight for smartphone market domination, new competition has started to stir. Samsung and Apple had a combined share of the global smartphone market during the second quarter of this year of 43%, which was down... More of this article »
Sales Soar for Facebook Mobile Ads
The decision of Mark Zuckerberg, the CEO of Facebook last year to roll the dice on mobile software is now paying off huge dividends for the social media site. Sales of wireless device ads are on track to pass the revenue from desktops. The... More of this article »
IBM: Revenues Down, Profit Beats Forecast
On Wednesday, IBM reported its operating earnings for the second quarter that beat expectations on Wall Street, which provided reassurance to its investors following a hiccup during the first quarter. Revenue however was weak as it... More of this article »
Leap Wireless Acquired by AT&T
The wireless industry is becoming more and more consolidated and on Friday with AT&T’s acquisition of Leap Wireless, the industry was consolidated even more. AT&T announced that it had acquired the prepaid wireless business... More of this article »
Samsung Misses Second Quarter Forecast
Samsung Electronics on Friday missed is already modest guidance for quarterly earnings, deepening concerns that the electronics giant’s smartphone business might already have peaked. Sales growth in its flagship Galaxy phone line... More of this article »