The shares of Microsoft Corporation (NASDAQ:MSFT) stumbled down nearly 5 percent after the tech giant announced its second quarter 2015 financial results. One of the primary reasons for the drop in profit was slower computer sales and strong U.S Dollar performance. The shares of the tech giant were trading at $44.80 in the pre-market trades.…
International Business Machines Corp. (IBM) Brushes Aside Massive Layoff Rumors from Forbes
There are several speculations regarding the upcoming strategies of multination companies and International Business Machines Corp. (NYSE:IBM), one of the biggest telecom companies in the world, has brushed off one such so-called strategic step mentioned in Forbes report. Forbes published a report under which, it said that IBM would layoff up to 26 percent of…
AT&T Inc. (T) Acquires Nextel Operators After Iusacell to Compete With America Movil in Mexican Wireless Industry
In the latest spree of multinationals acquiring smaller rivals around the world, AT&T Inc. (NYSE:T) announced acquisition of NII Holdings, Inc.’s wireless business in Mexico. The American wireless company would undertake companies that fall under the brand name of Nextel Mexico including its network assets, spectrum licenses, retail stores, and up to 3 million of…
Cramer’s Favorite Picks: Cypress Semiconductor Corporation (CY), Apple Inc. (AAPL), Celgene Corporation (CELG)
Cypress Semiconductor Corporation (NASDAQ:CY), Apple Inc. (NASDAQ:AAPL), Celgene Corporation (NASDAQ:CELG) are the favorite stock picks of Jim Cramer and he mentioned each of these stocks at least thrice in the last thirty days. While talking about Micron Technology, Inc. (NASDAQ:MU) in the Mad Money show, Cramer said, “No, there’s too much competition. I like Cypress…
L Brands Inc (LB), General Dynamics Corporation (GD), AON Plc (AON): Top 3 Stocks Investments of Abrams Bison Investments
L Brands Inc (NYSE:LB), General Dynamics Corporation (NYSE:GD), AON Plc (NYSE:AON) are the top three stock investments of Abrams Bison Investments, as per its recent SEC13F filing. The investment firm has a net portfolio of $1.45 billion with primary investments in service, industrial goods, and finance industries. Abrams Bison Investments own 4,920,030 shares of L…
Facebook Inc (FB)’s Chief Operating Officer Ready to Put In Efforts For Promoting Women Online
The world’s biggest search engine company, Facebook Inc (NASDAQ:FB), is all set to promote online connectivity of women. After launching free internet connectivity app in Columbia last week, the chief operating officer of the company is putting more emphasis towards connecting female users online. Internet.org is an initiative from Facebook and other tech giant companies…
Right Time to Buy Tesla Motors Inc (TSLA)’s Shares Says Morgan Stanley (MS)’s Analyst
The shares of Tesla Motors Inc (NASDAQ:TSLA) jumped nearly 3 percent after Morgan Stanley (NYSE:MS) analysts called it the right time for buying the electric motor company’s shares. In addition to it, the electric motor company is facing difficult times in the Chinese markets, as China reports its slowest growth rate in the last 25…
Yahoo! Inc. (YHOO) Could Be A Potential Acquisition Target After Rolling Off Alibaba Group Holding Ltd (BABA)’s Stakes
With its next quarterly earnings just a few days away, Yahoo! Inc. (NASDAQ:YHOO) is attracting a lot of speculations and some investors are considering it an excellent acquisition target provided the company decides to spin off its stakes in Alibaba Group Holding Ltd (NYSE:BABA). Marissa Mayer, CEO of Yahoo, said in October, “Many have pointed…
Amazon.com, Inc. (AMZN) Plans to Buy Israeli Chip Maker And Tech Startup Annapurna Labs
In a round of capital investments from all the major tech giants, Amazon.com, Inc. (NASDAQ:AMZN) has joined the bandwagon with initial speculations of acquiring an Israeli tech startup company. The online retailer is likely to spend up to $370 million and the new company would be a part of Amazon Web Services. Annapurna Labs is…
Google Inc (GOOGL)’s Shares Soar As Search Engine Giant Prepares to Offer Wireless Services With Sprint Corp (S)
The world’s most popular search engine company, Google Inc (NASDAQ:GOOGL), is getting into the wireless service sector as the company joined hands with Sprint Corp (NYSE:S) to offer wireless services. The search engine giant would use Sprint’s network while maintaining its own customers support and billing services. The shares of Google soared in excess of…