The Apple stock (NASDAQ: AAPL) lost more than 7% of its value in June and July while it is remarkable that the stock is running 2.36% negative in just the first trading day of the August. Apple fell to the third place in China’s rankings, the world’s largest smartphone market, according to data recently released by two market research firms. … [Read more...]
Facebook’s Revenue Grows with User Engagement
Facebook claims half of the world’s estimated online users log on to their platform at least once a month. The number of people who use Facebook at least once in a month grew 13% to 1.49 billion in the three months through the end of June this year. … [Read more...]
Applications for Jobless Aid in US Rises to 267,000
More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still point to a healthy job market. Applications for jobless aid rose 12,000 to a seasonally adjusted 267,000, the Labor Department said. … [Read more...]
Fitness Growth Stalls, Garmin Ltd. Misses Earnings Expectations
Garmin (NASDAQ:GRMN) shares were basically flat by 1:30 p.m. Wednesday following the release of its second-quarter earnings. Although Garmin's earnings fell short of analyst expectations, its report was in line with the preliminary results it had released earlier this month. … [Read more...]
Zementis and IBM Team Up to Provide Better, Faster Business Decisions
Zementis, Inc. and IBM Corporation (NYSE: IBM) today announced a joint strategic initiative and corresponding technology solution, “Zementis for IBM z Systems”, designed for companies seeking to optimize business decisions and formulate those decisions faster. … [Read more...]
Amazon’s Earnings Blow Wall Street Away
Amazon.com Inc. shares are on fire this morning, up more than 20% to $580.57 in the first minutes of trading after the company posted a surprising second-quarter profit of $92 million. Wall Street seems excited not only about that profit, but about the promising results at Amazon Web Services and the prospects for its Prime service to boost sales. … [Read more...]
More Business Units Cisco Is Thinking of Axing
Cisco's incoming CEO Chuck Robbins may be unrolling more acquisitions than just the TV set-top business, bought for $6.9 billion in 2005 and sold for $600 million on Thursday. … [Read more...]
Reddit CEO’s Ask Me Anything Session Doesn’t Quite Live up to Its Billing
Steve Huffman, Reddit's returning CEO, has said the site was never intended to be a "bastion of free speech." Reddit may be best known for its Ask Me Anything forums, where celebrities allow themselves to be grilled by users on just about any topic. … [Read more...]