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…
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…
J.C. Penney Company Inc (JCP) Restores Catalog After 5 Years
J C Penney Company Inc (NYSE:JCP) will resume mailing catalogs after five years of doing away with it as a means of boosting sales, according to the Wall Street Journal. The new catalogs will be sent to select customers this coming March, with 120 print pages detailing items from the store’s home department. The last…
GoPro Inc (GPRO)’s Stocks Continue Slumping After Apple Inc. (AAPL)’s Camera Patent
The shares of action camera maker, GoPro Inc (NASDAQ:GPRO), fell in excess of 20 percent last week after Apple Inc. (NASDAQ:AAPL) patented an improved mountable sports camera design. The design from iPhone maker has mounting ability over bicycles and even scuba helmets. GoPro gained popularity with its action sports camera series ‘HERO’ and the company…
Sprint Corp (S) To Take Over RadioShack Corporation (RSH) Stores
Sprint Corp (NYSE:S) is negotiating with RadioShack Corporation (NYSE:RSH) to acquire leases on some of its more than 4,000 stores. In a Bloomberg report, an unnamed source said that the lease agreement would be a part of RadioShack’s bankruptcy plan, as the ailing electronics retailer is working on a restructuring plan. Having endured losses for…
Apple Inc. (AAPL) Gets Open Challenge from Chinese Smartphone Maker Xiaomi, ‘Apple of China’ Released Mi Note At One-Third Prices
Apple Inc (NASDAQ:AAPL) has received an open challenge from the Chinese smartphone maker Xiaomi, which released its flagship Mi Note smartphone at prices much lower than that of iPhone 6 Plus. The cheaper smartphone could hamper the iPhone maker’s efforts to increase its market share in the Chinese market. Xiaomi released Mi Note Pro smartphone…
Apple Inc. (AAPL), Google Inc (GOOGL) to Pay $415 Million for Anti-Poaching Suit Settlement
Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL), along with other Silicon Valley tech giants, will be paying about $415 million in settlement of an anti-poaching class action suit filed against it in 2011 by tech employees, accusing the companies of collusion that violated their rightful interests as workers. In a court filing, the plaintiffs noted…
General Motors Company (GM) Predicts Strong Growth in 2015 with Better Profit Margins, Aims $9 Billion in Capital Investments
After a disastrous year with 2.6 million recalls, General Motors Company (NYSE:GM) is eyeing better profit margins and growth in 2015. The total charges for the recalls and regulatory settlements stood near $3 billion in 2014. The car manufacturer is ready to increase its capital expenditures to $9 billion in 2015 with experts considering it…
Tesla Motors Inc (TSLA)’s Shares Took Biggest Single-Day Fall in More Than Two Months amid Declining China Sales
The last quarter was not the best period for Tesla Motors Inc (NASDAQ:TSLA) and its CEO after the company lost over 28 percent of its share value since September 2014. After a remark from the CEO concerning the falling sales in China and the profitability deferred to 2020, the electric carmaker lost over 5 percent…