In its latest investment plans, Alibaba Group Holding Ltd (NYSE:BABA), the largest ecommerce company of the world is all set to initiate positions in the state-run insurance company, New China Life Insurance. The shares of Alibaba soared in excess of 3 percent after the announcement. Right from its first IPO in September last year, Alibaba…
Microsoft Corporation (MSFT) Alters Windows Distribution Strategy, Windows 10 Available For Free Upgrade
Aligning its strategy with other major operating system providers, Microsoft Corporation (NASDAQ:MSFT) has decided to offer Windows 10 as a free upgrade. The operating system would be available for upgrade for Windows and Windows Phone devices, as the company struggles to retain mobile users. In addition to it, the technology company launched Windows Holographic headset…
Apple Inc. (AAPL) Performs Exceptionally Well at Samsung Electronics Co Ltd (005930)’s Home Turf, Growing Market Share in Asia With iPhone 6
The iPhone maker, Apple Inc. (NASDAQ:AAPL) has performed exceptionally well in the Asian markets with its latest iPhone 6 devices. This is the first time when a foreign brand has gained market share in excess of 20 percent in South Korea while taking away the majority market share from the world’s number one smartphone maker,…
Samsung Electronics Co Ltd (005930) Plans Own Exynos Processors for Galaxy S5 Smartphone, Huge Blow for QUALCOMM, Inc. (QCOM)
One of the largest smartphone-maker of the world, Samsung Electronics Co Ltd (KRX:005930), is likely to use its own chips in its flagship Galaxy S5 smartphone, according to unidentified sources. This could be devastating news for QUALCOMM, Inc. (NASDAQ:QCOM) as Samsung was one of the top customers of the chipmaker. The smartphone maker is likely…
Kinder Morgan Inc (KMI) Lay Foundation in Bakken Shale With Acquisition of Hiland Partners
Kinder Morgan Inc (NYSE:KMI), leading pipeline firm of the country, is all set to enter the Bakken shale with the acquisition of Hiland Partners for $3 billion. Hiland Partners was founded by the CEO of Continental Resources, Inc (NYSE:CLR) with primary operations in the Bakken Shale oilfields. The pipeline company has put a huge bet…
Netflix, Inc. (NFLX) Plans Expansion in Over 200 Countries, China On Priority List Amid Competition From Chinese Tech Giants
The shares of Netflix, Inc. (NASDAQ:NFLX) soared in excess of 17 percent after announcing its fourth quarter 2014 financial results. However, its quarterly results indicated a slacking subscriber growth in the United States, although the company is profitable in 40 out of its existing 50 global markets. The video-streaming service has its eyes set on…
American Express Company (AXP) Announces 4,000 Job Cuts Amid Increased Spending in Fourth Quarter 2014 Financial Results
The shares of American Express Company (NYSE:AXP) slid nearly 2 percent in the after-hours trading post the announcement of fourth quarter 2014 financial results. Despite of an increase in revenue and net income, the investors seemed worried about the increasing expenses in addition to heightened growth expectations from the card issuer company. The credit card…
Netflix, Inc. (NFLX)’s Shares Skyrocket Post Impressive Fourth Quarter Results, Added 4.3 Million Subscribers During the Quarter
The shares of Netflix, Inc. (NASDAQ:NFLX) increased up to 19 percent during the regular and extended hour trading after the video streaming company announced its fourth quarter results. According to its recent quarter results, the company has surpassed 57 million global subscribers with 4.3 million net subscribers in its fourth quarter 2014. In 2014, Netflix…
International Business Machines Corp. (IBM) Struggles With Falling Revenues, Might Trigger More Trimming In Future
The shares of International Business Machines Corp. (NYSE:IBM) fell in excess of 2.5 percent in the extended trading session yesterday after the company announced lower fourth quarter results with new profit target for fiscal 2015. IBM is one of the traditional IT companies that are adapting to the latest cloud computing industry while shedding their…
Microsoft Corporation (MSFT) Responded Preemptively in Charlie Hebdo FBI Request, Tech Giant Get Theater Mode Patent
In one of the most heinous terrorist attacks in Paris in the last few weeks, Microsoft Corporation (NASDAQ:MSFT) worked diligently by providing critical information to the FBI within 45 minutes of the initial request. At the same time, the Windows-maker company said that extra snooping is required only under critical circumstances. While talking about the…