Amazon.com, Inc.(NASDAQ:AMZN) will foray into full-fledged film production business, aiming to release up to 12 feature-length movies in theaters annually, before making such films available on Amazon Prime Instant Video service four to eight weeks after theatrical release. “Not only will we bring Prime Instant Video customers exciting, unique, and exclusive films soon after a…
Citigroup Inc (C) Projects Israel Growth on Tech Mergers and Acquisitions
Citigroup Inc (NYSE:C) Israel projects growth driven by mergers and acquisitions in the Israeli technology industry. According to Citigroup Israel CEO Neil Corney, the country’s high tech industry has an active scene of mergers and acquisitions, with tech giants such as Google Inc (NASDAQ:GOOGL) and Cisco Systems, Inc. (NASDAQ:CSCO) doing a shopping spree for Israeli…
AT&T Inc. (T) Reports $10 Billion in Charges for Fourth Quarter Results
AT&T Inc. (NYSE:T) estimates a total loss of about $10 billion prior to tax as per its fourth quarter results. The amount, according to the company’s regulatory filing, accounts for a $7.9 billion cost of changes in retiree and benefit plans, while the remaining $2.1 billion accounts for a noncash charge on copper assets that…
Alibaba Group Holding Ltd (BABA) Integrates Social Networking and Business, Develops DingTalk
Alibaba Group Holding Ltd (NYSE:BABA) is trying to interconnect business and social networking for the second time around. The world’s biggest internet retailer have quietly launched the app, called DingTalk, in December of last year. DingTalk, which the company says is still in its beta phase, is an attempt at “versatile mobile communications app that…
Alibaba Group Holding Ltd (BABA) Promotes U.S. Retailers with Alipay
Alibaba Group Holding Ltd (NYSE:BABA), the Chinese internet giant retailer, is working towards promoting American businesses with Chinese consumers by using Alipay ePass, its own version of electronic payment system. The company will handle even shipping for large U.S. retailers including Macy’s, Neiman Marcus, Saks, and Shoprunner. The current plan of Alibaba Group Holding Ltd…
Google Inc (GOOGL) to Compete with Apple Inc. (AAPL) Pay thru SoftCard Acquisition
Google Inc (NASDAQ:GOOGL) is headed towards bracing its own wallet to be able to compete with Apple Inc. (NASDAQ:AAPL) Pay by acquiring Softcard, a mobile payments company. Similar to Apple Pay, Softcard uses NFC technology that allow users of Android and Windows phones to make mobile payments for purchases through its app, and the company claims…
Facebook Inc (FB) Scouting Techies for New Markets in Virtual Reality, Satellites
Facebook Inc (NASDAQ:FB) seem to be branching out from its social networking niche into other areas, at least gradually. Taking a look at the company’s career listings will reveal that the social networking giant is gearing its hiring towards developing strength in diverse areas such as data centers, drones and satellites, and virtual reality goggles.…
Dollar General Corp. (DG) Failing Family Dollar Stores, Inc. (FDO) Bid
Dollar General Corp. (NYSE:DG)’s bid for Family Dollar Stores, Inc. (NYSE:FDO) may soon come to a finish, after the discount retailer hinted that it would need additional time for its bid to get approval from regulators. In a statement, Dollar Green noted that certifying compliance with the second request for information from the Federal Trade…
Bank of America Corp (BAC) Post Weaker Fourth Quarter Results on Low Interest Rates
Bank of America Corp (NYSE:BAC) disappointed Wall Street with a 14 percent decline on fourth quarter results, reporting a quarterly earnings of $2.74 billion, at 25 cents per share applicable to common shareholders, on revenue of $19 billion after tax adjustments. Analysts on average expected earnings at 32 cents a share, while earnings on the…
GM Motors Company (GM) Protected by Attorney-Client Privilege on Ignition Switch Report Notes: Ruling
General Motors Company (NYSE:GM) is protected by attorney-client privilege regarding the company’s notes on a report on the ignition switch recall, in a ruling on the matter issued by U.S. District Judge Jesse Furman. The report in question, called “Valukas report”, is a public document, but the notes on 350 interviews conducted by lawyer Anton…