Visa Inc (NYSE:V) reported on Thursday a stronger results for the quarter as e-commerce transactions, which is mainly card-based, proved to be “extraordinarily strong during the holiday season.” Total volume for Visa card transactions grew to $1.90 trillion from $1.84 trillion. Lower oil prices, along with a stronger U.S. job market, factored in higher consumer…
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…
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…
Alibaba Group Holding Ltd (BABA) Criticized by Chinese Regulator for Counterfeit Goods
Alibaba Group Holding Ltd (NYSE:BABA) is on the receiving end of a criticism from a Chinese regulation agency accusing the e-commerce giant of failing to control the deluge of fake goods within its websites. The State Administration of Industry and Commerce (SAIC), China’s leading business regulation agency, said in a report that Alibaba tolerated “illegal…
Facebook Inc (FB) Will Raise Spending Up Even As Sales Growth Slows
Facebook Inc (NASDAQ:FB) will see its expenses rise sharply as the social networking giant is turning its efforts towards other investments projected to offset slowing sales growth on its main networking site. As early as three months ago, CEO Mark Zuckerberg told investors that Facebook will allocate more spending in areas such as mobile advertising…
Microsoft Corporation (MSFT) Shares Down on Sluggish Business-License Sales
Microsoft Corporation (NASDAQ:MSFT) slipped 10 percent on Tuesday after the software firm reported results for the quarter that beat expectations, but with a warning that a strong dollar together with a sluggish PC market will adversely affect growth for the current year. In a statement released on Monday, Microsoft reported that revenue gained from commercial-licensing…
Tesla Motors Inc (TSLA)’s Mass Electric Car Market Doubtful: Co-Founder
Tesla Motors Inc (NASDAQ:TSLA) co-founder Ian Wright never believes in the potential of an electric car in the mass market. In an interview with the San Francisco Business Times, Wright expressed surprise at the electric carmaker’s performance. Noting the Model S’ sales success, he said he didn’t expect that Tesla would perform better that he…
Pfizer Inc. (PFE) Looking for Acquisitions In Lieu of Drug Pipeline Deals
Pfizer Inc. (NYSE:PFE) is looking “toward deals with the potential for creating value in the near term,” CEO Ian Read said in a conference call with analysts, stressing that the company’s goal is towards deals that will immediately help in increasing earnings per share rather than new assets that require long-term drug development. The new…
Google Inc (GOOGL) X Labs Inks Accord with Biogen Idec Inc (BIIB) for Multiple Sclerosis Initiative
Google Inc (NASDAQ:GOOGL) is teaming up with global biotech firm Biogen Idec Inc (NASDAQ:BIIB) for an extensive research initiative in the field of multiple sclerosis. Biogen is popular for its array of various drugs for multiple sclerosis, and has announced early this year about a revolutionary drug that can repair nerve damage in patients suffering…
Apple Inc. (AAPL)’s Quarter Results Skewed Towards iPhone Sales
Apple Inc. (NASDAQ:AAPL) have its iPhone sales to thank for in its quarter results that beat analysts’ estimates. A Counterpoint Research indicates that compared to the same period for 2013, iPhone sales were up 26 percent on a global scale for November of 2014, which greatly enhanced performance for the October to December quarter. With the…