Qualcomm's profit slips as Chinese revenues decline
The US-based wireless technology developer Qualcomm reported a drop in profit as its revenues from China took a significant dive. The stiff competition from China and Taiwan is also impacting the financial performance of Qualcomm.
Nov 06, 2015 2:26 AM EST
Lenovo and Nutanix Announced Partnership to Enter Data Center Market
Lenovo annouced its partnership with Nutanix to prepare them entering data center market. With the partnership, a new hyperconverged server appliance from Lenovo will be equipped with virtualization software and technology from Nutanix.
Amec Foster Wheeler halves dividend; raises cost saving target
Hit by the continuous drop in oil prices and lower spending by its customers, Amec Foster Wheeler Plc has halved its dividend payout for 2015. The British oil and gas services company forecasts thin margins during the second half of 2015. .
MetLife profit drops 43% on weaker investment yield, tax hit
The US largest insurance firm MetLife recorded 43% fall in third quarter profits woing discouraging yields on investments and tax cost pertaining to its UK subsidiary eroded the profitability. The quarterly numbers were below the market forecast.
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Facebook, Amazon join $300-bn Market Cap Club
The latest surge in shares of Amazon and Facebook took them into $300B market capitalization club. With these two, eight US companies are above $300B Mcap, while six of them are from the technology sector. Facebook has surpassed General Electric (GE) in Mcap.
Nov 05, 2015 9:35 PM EST
Bohai to combine air-leasing businesses after $7.6 billion Avolon acquisition deal
Bohai Leasing Co. will merge its air-leasing businesses after the completion of the $7.6 billion Avalon Holdings Ltd acquisition deal, Hong Kong Aviation Capital chief executive officer Donal Boylan said Tuesday.
Nov 05, 2015 9:32 PM EST
Commonwealth Bank of Australia Quarterly Profit Increased 4%
The Commonwealth Bank of Australia reported its unaudited cash profit for the month of September with a four percent increase to A$2.4 billion.
Nov 05, 2015 9:21 PM EST
Target to Tap Outside Company on Storing Grocery Stock
Target Corp is planning to partner with outside companies to help store its growing fresh food supply. Supervalu Inc is one of the leading candidates, says analyst.
Nov 05, 2015 8:56 PM EST
Bitcoin at the highest this year due to positive news surrounding it, analysts study
In the past few weeks Bitcoin is rapidly approaching $500, and according to analysts one of the major reasons for the surge is the positive news that the cryptocurrency has been receiving.
Nov 05, 2015 8:08 AM EST
Vice Media gets $200 million investment from Disney
Walt Disney Co will invest $200 million in Vice Media, the unique video maker that covers current affairs for the Millennials.
Nov 05, 2015 7:55 AM EST
New Zealand dollar falls: unemployment rate reached as low as 5.9%
New Zealand faces currrency plunges and drastic drop in employment rate to 5.9% in June quarter, with drop in wages, as the economy continues to weaken.
Nov 05, 2015 7:22 AM EST
Struggling telco Sprint Corp cuts $2.5B in opex; jobs, free snacks next
Sprint Corp, one the largest telco companies in the US, is struggling to keep up with subscribers and share price. It is expected by analyst to post lower revenue in its 3Q report, expecting a loss of 8 cents per share.
Nov 05, 2015 3:54 AM EST
Out of range: Target is closing down 13 stores in the US
Target is closing 13 stores in the US citing declining profits as the main reason for the closure. Eligible workers in the affected stores will be given an option for a relocation.
Nov 05, 2015 3:20 AM EST
Oil prices skid on profit booking, supply risk holds losses
Oil prices fell on thin volume following the profit booking from the overnight rally. Oil price is hovering above $50 per barrel as production disruptions in Brazil and Libya arrested the downfall. Analysts say there may not be a year-end rally in oil prices.
Nov 05, 2015 3:03 AM EST
Stocks rally higher as commodity prices rebound
U.S. stocks extended a rally, with the Standard & Poor’s 500 Index reaching a three-month high. The Energy and raw materials went up at least 17% from recent lows while the Nasdaq 100 also recorded a new high compared to July this year.
Nov 05, 2015 3:00 AM EST
Bitcoin Value Keeps Surging Surprisingly
A surprising hike of Bitcoin value occurs in again in October. A Chinese capital outflow is the main reason of the sudde rise.
Nov 05, 2015 2:41 AM EST
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