Apple Inc. (NASDAQ:AAPL), Philip Morris International Inc. (NYSE:PM), QUALCOMM, Inc. (NASDAQ:QCOM) are among the top 3 stock holdings of Arrowstreet Capital, as per its recent SEC 13F filing. The investment manager has a current investment portfolio of $18.61 billion with its primary investments in technology, healthcare, and finance industry. Apple Inc. (NASDAQ:AAPL) is the largest…
International Business Machines Corp. (IBM) Restores Top Execs’ Bonuses In The Face Of Dwindling Profits
International Business Machines Corp. (NYSE:IBM) reported in its filing with the Securities and Exchange Commission that it is awarding a bonus worth $3.6 million to CEO Virginia Rometty, as well as bonuses for the company’s senior managers. The Big Blue is awarding the bonuses despite weak performance for the past year, wherein net income declined…
Alibaba Group Holding Ltd (BABA) Convenes With China Regulator Over Fakes Scuffle
Alibaba Group Holding Ltd (NYSE:BABA) CEO Jack Ma met with the head of China’s State Administration for Industry and Commerce (SAIC) on the same day that the commerce regulator has publicly criticised the giant internet retailer for allegedly tolerating the proliferation of fake goods in its sites. The meeting, which was initiated by the SAIC…
Google Inc (GOOGL) Conforms With U.K. Data Regulator Over Privacy Policy
Google Inc (NASDAQ:GOOGL) has agreed to make clear delineations with users in the U.K. about how it handles personal information in a “formal undertaking” with the Information Commissioner’s Office (ICO) after the said agency found the search giant’s privacy policy to be too vague. The regulatory agency announced in a statement that it is requiring…
Facebook Inc (FB) Raises Mobile User Engagement With ‘Place Tips,’ More Mobile Features Expected In Future
After announcing promising quarterly results, Facebook Inc (NASDAQ:FB) is all set to focus on its aggressively growing business unit, mobile advertising, with more mobile user targeted features. The social networking company launched its latest feature “Place Tips” for mobile users that offers more information about the places users are visiting. While talking about the new…
Google Inc (GOOGL) Fourth Quarter Revenue Not Up To Wall Street
Google Inc (NASDAQ:GOOGL) reported its fourth quarter results on Thursday, posting a growth slowdown of 10 percent as against comparable period of the previous year, trailing behind results from other tech giants including Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB). The report raised concerns that the search giant is into many businesses all at once,…
Amazon.com, Inc. (AMZN) Shares Surge on Strong Holiday Quarter Results
Amazon.com, Inc.(NASDAQ:AMZN) shares jumped as much as 14 percent in after-hours trading on news of quarterly results that beat analysts estimates. The giant internet retailer hit an earnings of 45 cents per share for the quarter covering October to December, 1 cent more than twice Wall Street’s consensus expectations of 17 cents per share. Quarterly…
Alibaba Group Holding Ltd (BABA)’s Shares Tank Post Quarterly Results, Political Scrutiny Raises Difficulties for Ecommerce Company
The shares of the world’s largest ecommerce company, Alibaba Group Holding Ltd (NYSE:BABA), slumped in excess of 9 percent after announcing its December quarter results. The holiday quarter performance could not impress market experts and the ecommerce company had some trouble with Chinese regulators in the last few months. The first reason bringing down its…
Microsoft Corporation (MSFT)’s Shares Plunge 12 Percent In Last 48 Hours, Tech Giant Announces Free Office Access for Mobile Users
The shares of Microsoft Corporation (NASDAQ:MSFT) have dropped in excess of 12 percent in the last 2 days trading at $41.19 with current P/E ratio of 16.62. The tech company has announced free Office access for tablet users offering Word, PowerPoint, and Excel for free. The Windows maker is struggling against its stronger mobile rivals…
Amazon.com, Inc. (AMZN) Competes Against Google Inc (GOOGL) and Microsoft Corporation (MSFT) with Corporate E-Mail Service
Amazon.com, Inc.(NASDAQ:AMZN) have launched its very own corporate email service, directly competing with long time email service providers Google Inc (NASDAQ:GOOGL) and Microsoft Corporation (NASDAQ:MSFT). Offered through its AWS (Amazon Web Service) platform, the corporate email client from Amazon is called WorkMail, offering secured email management and calendaring services. With many providers already offering email…