Archive for July, 2014

Amazon Investing $2 Billion In India

On Wednesday, said it was investing over $2 billion in India to expand as its competition to win customers has heated up in the South Asia, fast growing e-commerce market. Jeff Bezos, the CEO and founder of the e-commerce giants said through a statement that the company sees great potential in the economy in […]

Shareholders at Yukos Awarded $50 Billion

An international tribune located in The Hague awarded shareholders of Yukos, the now defunct oil company, nearly $50 billion. The ruling was on claims that the government of Russia illegally seized the oil company from one of the most powerful oligarchs in the country. The holding company that Mikhail Khodorkovsky the founder of Yukos created […]

Apple Tops Tablet Sales, But Losses Some Grip

The grip that Apple has in the tablet market is beginning to loosen, with its iPad giving up ground over the second three months of 2014 to Windows and Android tablets. At the same time, the total shipments of tablets dropped by over 1.5% from those of the first quarter. IDC research said however, they […]

Shares of Facebook Hit All Time High on Earnings

Facebook Inc shares hit their record high Thursday morning following a surge in revenue from mobile advertising helped the No. 1 social network in the world blast by the expectations on Wall Street for its quarterly revenue and profit. The share price was up 7.6% to reach $76.54 during early Thursday drawing on Nasdaq. The […]

Chipotle Sees Stock Soar Following Earnings Report

It might be better to purchase Chipotle stock than its tacos and burritos. Shares of Chipotle surged by over 11% in Tuesday premarket trading just a day after the chain released an impressive quarterly earnings report. Despite an increase in prices, customers still were lining up for more burritos. The burrito maker based in Denver […]

Sales Double but Xbox Still Loses Out to PS4

Microsoft’s created a new SKU for Xbox One at $100 less than its original $499 price, which put it in line with the latest PlayStation 4 by Sony, which had enjoyed a price edge up to that point. The Microsoft strategy paid off as in June sales doubled from those in May. However, only two […]

IBM Profit Helped by Cost Cutting, Revenue Still Soft

International Business Machines failed for a ninth consecutive quarter to increase its revenue, but the tech giant’s bottom line was helped by a recent round of cost cutting. IBM on Thursday posted a net gain during the second quarter of 28%, partly from a charge of restructuring that held down results from the same period […]

Abbott Profit Beats Estimate

Abbott Laboratories Inc on Wednesday reported quarterly earnings that were better than had been expected thanks to improved sales in its line of nutritional products along with profit margins that improved for other segments. Sales of its nutritional products, the biggest lineup of products the company has, which includes infant formula Similac and adult beverages […]

Tech Earnings Front and Center On Wall Street

Some of the largest technology companies in the U.S. will be front and center this week as they report their quarterly earnings, which will give investors the chance to re-evaluate the health of the sector. The technology sector holds the projection for the highest growth in earnings amongst the 10 sectors of the S&P for […]

Yahoo Acquires RayV Startup in Video Streaming

Yahoo acquired RayV an online video streaming business. The goal is to distribute content to even more people particularly through mobile devices. RayV was founded in 2005 and focuses on efficiently distributing video that is HD-quality to an audience that is global while focusing on mobile devices. The terms of the acquisition were not released. […]

Profits Falls at Family Dollar Stores

Family Dollar Stores said on Thursday that it was taking more steps to increase its profits, while reporting earnings for the fiscal third quarter had fallen by 33% due to higher costs offsetting a slight upswing in revenue. In April, the discount retailer said it would shutter nearly 370 of its stores and lower the […]

Intel Upgraded to Outperform by Zacks (INTC)

Intel (NASDAQ:INTC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday. The firm currently has a $37.00 price target on the stock. Zacks‘s price objective indicates a potential upside of 20.17% from the stock’s previous close. Zacks’ analyst wrote, “Intel is one of the […]

Countrywide PLC’s Neutral Rating Reaffirmed at Credit Suisse (CWD)

Credit Suisse reaffirmed their neutral rating on shares of Countrywide PLC (LON:CWD) in a report released on Tuesday. Credit Suisse currently has a GBX 582 ($9.98) price objective on the stock, down from their previous price objective of GBX 745 ($12.78). Credit Suisse has also modified their ratings on a number of other stocks in […]

Vatican Bank Restructuring Sees Profits Wiped Out

Over 2,000 accounts at the Vatican Bank have been blocked and more than 3,000 relationships with clients have been ended as part of the banks clean up and restructuring process that nearly wiped out all its profits, according to the financial statements from 2013 that were released on Tuesday. The bank has been riddled with […]

Jana Partners Announces Stake of 10% in PetSmart

PetSmart Inc. is being barked at by an activist investor. Jana Partners LLC announced late this week that it had acquired close to 10% of PetSmart. Jana Partners said it would ask for a meeting with the retailer of pet supplies about its strategic options including the possibility of a sale. The investor, which manages […]

Samsung Encounters Labor Issues Amongst Suppliers in China

Samsung wants the recognition of being one of the top 10 places of employment in the world. It is a core goal for the South Korean based company in its Vision 2020 plan of the future. However, to reach that it will have to make many corrections on working practices at different manufacturing plants that […]