Amazon.com, Inc. (NASDAQ:AMZN) is set to expand its AWS (Amazon Web Service) unit by gradually establishing data centers in every large country throughout the world, AWS chief Andy Jassy said during Amazon’s third annual AWS conference in Las Vegas on Wednesday. In a report by Reuters, Jassy is quoted as saying that Amazon is committed…
Twitter Inc (TWTR) To Introduce Instant Timeline, Private Messaging Features, and New Apps
In an effort to improve user experience and push growth, Twitter Inc (NYSE:TWTR) is evaluating the possibility of introducing new mobile apps exclusive of its current messaging platform. Apart from its messaging service, new apps are seen as a viable means to entice new users to the service, which is competing for user share with…
Apple Inc (AAPL) Unveils Beats Electronics Solo2 Wireless Headphones
Apple Inc (NASDAQ:AAPL) announced the release of Beats Electronics’ new Solo2 Wireless Headphones. Priced at $300, the new headset uses Bluetooth technology to connect to users’ audio devices from as far as 30 feet away. Earlier in June this year, Beats introduced the PowerBeats2 Wireless earphones for a price of $200. Founded by producer Jimmy…
AT&T Inc. (T) Moves South, Acquires Asset in Mexico
AT&T Inc. (NYSE:T) is buying Nuevo Grupo Iusacell, Mexico’s third largest provider of wireless communications and cellular services, for $2.5 billion. AT&T’s purchase of the Mexican telecoms company is bringing in about 8.6 million subscribers. The purchase covers a net debt of $800 million, translating to an equity of 1.8 billion. The move by AT&T…
BlackRock, Inc (BLK) Hires JP Morgan Executive to Lead New Sales Force Unit
BlackRock, Inc. (NYSE:BLK), the worlds biggest money management company, is set to implement a reorganization of its sales force. In a report by Reuters, the company revealed that it is going to engage the services of Lee Beck. Beck will be tasked with overseeing the company’s sales to wirehouses, with his tenure at the company…
Alibaba Group Holding Ltd (BABA) Hits $9 Billion in Sales on Annual Singles Day Shopping Frenzy
The annual Chinese “Singles Day” Shopping Festival has recorded a total of $9.3 billion in sales for e-commerce conglomerate Alibaba Group Holding Ltd (NYSE:BABA), breaking the company’s sales record for the same event the previous year. The sales figure was realized past midnight after local online Chinese shoppers, together with online customers from overseas, have…
GoPro Inc (GPRO) Has Filed With the U.S. Securities and Exchange Commission A Plan To Offer The Public $800 Million Worth Of Shares
GoPro Inc (NASDAQ:GPRO) has filed with the U.S. Securities and Exchange Commission a plan to offer the public $800 million worth of shares. In a report by Reuters, a company spokesman affirmed that the sale will commence in the next few weeks and is expected to complete by November. In an email to GoPro employees…
Facebook Inc (FB) Messenger App Now Used By Half Billion People
Facebook Inc (NASDAQ:FB) announced that its messenger application has about half a billion users worldwide, up from the reported 200 million users in April. The development comes several months after Facebook has announced that the messaging service of the social networking site will be converted into a separate application for mobile users. This means that…
Alibaba Group Holding Ltd (BABA) Makes $2 Billion in First Hour of Annual Shopping Spree
Alibaba Group Holding Ltd (NYSE:BABA) has generated an amount of $2 billion in sales for the first hour that it served buyers in an online annual shopping spree popularly known as “11.11 Shopping Festival”. According to the company, the first 18 minutes of the sales festival has seen half of the $2 billion coming in,…
Wal-Mart Stores, Inc. (WMT) Bolsters Food Safety in China, Asia Chief Announced
Wal-Mart Stores, Inc. (NYSE:WMT) will concentrate on food safety to bolster its profitability in China. In an interview with Reuters, Scott Price, Wal-Mart’s chief executive in Asia said that the company’s 400 stores in China would benefit if the company would drive its efforts on the issue of food safety. Food safety scandals has haunted…