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Business

Netflix, AT&T sign interconnection deal

30/07/2014
Netflix, AT&T sign interconnection deal

  AT&T is the latest company to sign a deal with Netflix to ensure streaming videos get to consumers with lagging or delay. Earlier this year, Netflix had signed interconnection deals with Comcast and Verizon amid controversial negotiations that are the subject of an ongoing probe by the Federal Communications Commission. Photo: CEO of...
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Real estate website Zillow announces acquisition of Trulia for $3.5 billion in stock

28/07/2014
Real estate website Zillow announces acquisition of Trulia

  Real estate website Zillow will buy competitor Trulia for $3.5 billion in stock, the companies said on Monday. The deal is expected to close next year. Trulia shareholders will get 0.444 shares of Zillow stock for each Trulia share, giving them a one-third stake in the combined company at closing. Trulia shares rose...
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Amazon shares drop 10% in premarket trading after 2nd-quarter results yesterday

25/07/2014
Amazon shares drop 10 in premarket trading after 2nd-quarter results yesterday

Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little...
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GM profit 2Q falls 85 pct. on recall costs

24/07/2014
GM profit 2Q falls 85 pct. on recall costs

Recall costs chopped $1.5 billion from General Motors’ bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190 million, or 11 cents per share. A year ago GM made $1.26...
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US stock market opens slightly higher, pushing the S&P 500 to an intraday record

23/07/2014
US stock market opens slightly higher, pushing the S&P 500 to an intraday record

The S&P 500 hovered near the intraday record it set shortly after the opening bell. Price declines in Boeing Co. stock after earnings results weighed on the Dow industrials. Geopolitical tensions flared up after news that two Ukrainian fighter jets were shot down Wednesday near where Malaysia Airlines Flight MH17 was downed. The S&P...
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StubHub victim of international cyber fraud ring

23/07/2014
StubHub victim of international cyber fraud ring

eBay’s online ticket resale service StubHub announced late Tuesday that it was the victim of a massive international cyber fraud ring. The company’s head of global communications said his firm had been working with law enforcement around the world for the last year on the case, which authorities plan to disclose details of on...
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Coca-Cola reports 2nd-quarter earnings per share of $0.64

22/07/2014
Coca-Cola reports 2nd-quarter earnings per share of 0.64 excluding items versus 0.63 estimate

Coca-Cola reported quarterly earnings that beat analysts’ expectations on Tuesday. The company announced second-quarter earnings excluding items of 64 cents per share, up from 63 cents a share in the second quarter of 2013. Revenue slipped to $12.57 billion from $12.75 billion a year ago. Analysts had expected Coca-Cola to post earnings of 63...
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Apple: Buy or Sell ahead of tomorrows earning report?

21/07/2014
Apple Buy or Sell ahead of tomorrows earning report

Tech investors last week discovered business at Intel and IBM isn’t as slow as some feared, that Google’s plan for Internet domination is still humming along and that Yahoo’s core business — minus cash and its Alibaba stake — is probably only worth about $3 or $4 a share. This week, they’ll find out...
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Microsoft To Cut 18,000 Jobs, About 14% Of Its Staff

17/07/2014
Microsoft To Cut 18,000 Jobs, About 14 Of Its Workforce, Over The Next Year

CEO Satya Nadella says in an email to employees that it was a “difficult” decision, but says changes will lead to “more productive, impactful teams across Microsoft.” A week after writing a 3,100 word company-wide memo on Microsoft’s “bold ambition and our core focus,” the company’s chief executive officer wrote another, shorter memo to...
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FCC extends deadline on net neutrality comments

16/07/2014
FCC extends deadline on net neutrality comments

The FCC said Tuesday it will extend the deadline for public comments on its net neutrality proposal, due to trouble with its online commenting system.
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LeBron ‘King’ James to Rejoin The Cleveland Cavaliers

11/07/2014
A king is crowned LeBron James, Miami Heat win NBA title

Breaking Now LeBron ‘King’ James to Rejoin Cleveland Cavaliers as a free agent returning to where he started.
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Target Asks Customers To Not Bring Guns Into Stores

03/07/2014
Target asks customers to not bring guns into stores

Target interim CEO John Mulligan said Wednesday the company will ‘respectfully request’ guests not bring firearms into its stores, even where they are permitted by law.
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U.S. Economy Added 281,000 Private-Sector Jobs in June

02/07/2014
U.S. Economy Added 281,000 Private-Sector Jobs in June, According to ADP National Employment Report

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 281,000 JOBS IN JUNE Private sector employment increased by 281,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global...
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GM announces 6 new recalls, affecting 7.6 million cars [VIDEO]

01/07/2014
General Motors announced six new recalls on Monday affecting 7.6 million U.S. vehicles from 1997-2014 model years

GM announces 6 new recalls, affecting 7.6 million cars VIDEO: General Motors announced six new recalls on Monday affecting 7.6 million U.S. vehicles from 1997-2014 model years
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Facebook Researchers Manipulated News Feeds in 2012 Study To Experiment With Your Emotions

30/06/2014
Facebook Researchers Manipulated News Feeds in 2012 Study

A Facebook Inc. (FB) researcher apologized after conducting an experiment that temporarily influenced what almost 700,000 readers saw on their news feeds, reviving some customers’ concerns about privacy issues. The number of positive and negative comments that users saw on their feeds of articles and photos was altered in January 2012, according to a...
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Watch the Google I/O 2014: New Android Lollipop, Google Cloud

26/06/2014
google-io-2014

Google I/O 2014: New Android Lollipop Launched Android is being updated after 8 months – From Android 4.4 (KitKat) with Android ‘L’. Google’s latest Android “L” update is called Lollipop, keeping with the company’s confectionary-based alphabetical naming convention (Cupcake, Donut, Éclair, Gingerbread, Honeycomb, Ice Cream Sandwich, Jelly Bean, KitKat).
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Supreme Court Decided Aero/Internet Broadcasting Is Infringing The Law

25/06/2014
Aereo The Online TV Station Delivery Service In Court For Copyright Infringement

Aereo, the startup that threatened to upend traditional television broadcasting by capturing over-the-air TV signals and streaming them on the Internet, has been dealt a crushing defeat by the Supreme Court after justices ruled 6 to 3 that the online television service violated copyrights by streaming broadcast channels to customers. The decision is a...
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Whole Foods stores penalized for overcharging customers

25/06/2014
Whole Foods stores penalized for overcharging customers

Whole Foods will pay about $800,000 in penalties and fees after a judge found that stores were overcharging customers in Southern California. The case concerns stores in San Diego, Santa Monica and Los Angeles. The lawsuit accused the chain of charging more at the time of checkout, compared to what was advertised in the...
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Google & Microsoft join Apple adopting a smartphone ‘kill switch’

20/06/2014
phone-theft

Following Apple , Google & Microsoft will add “kill switches” to their smartphones. This measure that has apparently led to a sharp drop in thefts of iPhones. “This is very significant and validates everything we have been trying to do legislatively in Sacramento this past year,” said State Sen. Mark Leno, D-San...
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American Apparel Dismisses CEO Dov Charney for Misconduct

19/06/2014
American Apparel Dismisses CEO Dov Charney for Misconduct

American Apparel Inc. (APP) replaced its chief executive officer, Dov Charney, who has faced accusations of sexual harassment, after an investigation into misconduct at the casual clothing maker he created. The board named Chief Financial Officer John Luttrell, a former executive with retailers Old Navy Inc., Wet Seal Inc. and Cost Plus Inc., as...
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