Skype refuses to give customer records for crime probe; Belgian court wants to know if Skype is a telecom company
A Belgian court wants to know if Skype is a telecom company to be able to oblige the latter into helping them in a criminal investigation. Skype refuses to release customer messages & calls used by suspects in a crime.
May 28, 2015 3:21 AM EDT
US Supreme Court ruling in Cisco Systems patent infringement case favored Commil USA
Supreme Court voted 6-2 in favor of Commill USA in a case of patent infringement against Cisco Systems. Judge acknowledge the existence of patent troll issues.
Worldwide smartphone growth to slow down this year, Android to lead market share
The global smartphone growth is expected to slow down this year. Android meanwhile is predicted to lead in terms of market share.
TiVo revenue rises to 7.2% and aims international expansion through Cubiware acquisition
TiVo increased its quarterly revenue to 7.2% due to subscription growth. Cubiware acquisition is expected to bring more positive results for the company.
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Samsung announced merger in affiliate companies to strengthen immediate heir’s future control in the organization
Samsung Group is putting a speedy effort to consilidate its key assets to strenghten the future leadership of the company. Cheil and Samsung C&T is the latest merger announcement within the group.
May 27, 2015 11:44 AM EDT
Snapchat IPO plans revealed by CEO and founder during the Recode Code Event; Future Plans involves $15 Billion worth of Mobile Apps
Snapchat has gained over 200 million active users according to recent reports. The company has grown from a mobile app to a media affiliate currently having an estimated value of $15 billion.
May 27, 2015 11:21 AM EDT
Amazon pays $16M tax in Germany despite $11.9B profit; company starts tax honesty in 4 European countries
Amazon has paid $16 million of tax in Germany. This is in reference to the electronic retail company’s profit of $11.9 billion in the said country which they say is low. Amazon has also declared its sales in 4 European countries which would mean they would have to pay more taxes.
May 27, 2015 5:08 AM EDT
Apple tumbles as much as 6 percent in unusual trading
Apple Inc (AAPL.O) shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.
Dec 01, 2014 2:23 PM EST
Wall Street falls on weak global data; Apple stumbles
U.S. stocks fell in a broad selloff on Monday, with the S&P 500 suffering its biggest one-day drop in more than a month, as economic data indicated weakness across the globe and the U.S. holiday shopping season got off to a tepid start.
Dec 01, 2014 2:16 PM EST
U.S. manufacturing cools, but underlying momentum remains
U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in exports suggested the economy remained on a firmer footing despite slowing global growth.
Dec 01, 2014 1:28 PM EST
U.S. new home sales rise in October, but September revised down
Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.
Nov 26, 2014 10:15 AM EST
Japan PM to seek fresh mandate for 'Abenomics' with snap poll
Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.
Nov 18, 2014 11:35 AM EST
Exclusive: Bank of Tokyo-Mitsubishi to pay $315 million over whitewashed report: sources
Bank of Tokyo-Mitsubishi has agreed to pay $315 million to New York's banking regulator for submitting a whitewashed report about its improper handling of transactions involving countries subject to U.S. sanctions, according to people familiar with the matter.
Nov 18, 2014 11:24 AM EST
Japan recession weighs on Wall Street but M&A supports
U.S. stocks dipped on Monday, following four consecutive weeks of gains on Wall Street, as energy shares fell alongside crude futures after Japan slipped into recession.
Nov 17, 2014 12:03 PM EST
Samsung Electronics to build $3 billion smartphone plant in Vietnam
South Korea's Samsung Electronics Co Ltd (005930.KS) has applied for a license to invest $3 billion in building a second smartphone factory in northern Vietnam, a government official said on Monday.
Nov 10, 2014 10:28 AM EST
Europe's bank test celebrations mask mounting challenges
Investors were spared immediate pain on Sunday after the European Central Bank's landmark banking health check did not force massive capital hikes amongst the euro zone's top lenders.
Oct 27, 2014 11:41 AM EDT
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