Jeff Bezos is now the world’s richest person thanks to an overnight surge of amazon’s shares which jumped by more than $15 a share, and still trading near that… Continue reading "Amazon CEO – Jeff Bezos is now the World’s Richest Person"
Apple today announced financial results for its fiscal 2016 third quarter ended June 25, 2016. The Company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion,… Continue reading "Apple Reports Third Quarter Results – Services Revenue Grows 19% as App Store Hits All-Time Record"
CBNC Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn for $196 per share. Shares of LinkedIn surged 47 percent after the announcement to… Continue reading "LinkedIn shares jump 47% on Microsoft’s $26.2 billion acquisition"
Microsoft sells feature phone unit for $350 million with 4,500 workers transferred to the new owners
Marketwatch – Microsoft Corp. is selling its entry-level feature phone assets to FIH Mobile and HMD Global for $350 million, the U.S. tech giant said early Wednesday. As part of… Continue reading "Microsoft sells feature phone unit for $350 million with 4,500 workers transferred to the new owners"
Amazon CEO Bezos is now the World’s Fourth Richest Person – Sells 1% stake in Amazon for $671 Million
USA Today – Amazon CEO Jeff Bezos sold more than 1 million shares of Amazon stock this week, netting him a cool $671 million, according tofilings with the U.S. Securities and… Continue reading "Amazon CEO Bezos is now the World’s Fourth Richest Person – Sells 1% stake in Amazon for $671 Million"
Yahoo Finance – Apple’s 2nd Quarter conference call for financial year 2016 was yesterday and investors didn’t seem too pleased with the out outcome, as it missed it estimated targets.… Continue reading "Apple shares falls for the first time since 2003 as it records drop in sales of iPhone"
FY 16 Second Quarter Results Conference Call WHAT: Apple FY 16 Second Quarter Results Conference Call WHERE: Via conference call. The dial-in numbers for press are (877) 616-0071 (toll-free)… Continue reading "Apple’s 2nd Quarter Results Conference Call for FY 2016 is On Tuesday 26th April"
Apple has agreed to pay $24.9 million to settle a 3 year-long lawsuit alleging that its Siri voice technology violated a patent licensed to a Dallas company by Rensselaer… Continue reading "Apple settles Siri lawsuit with Rensselaer for $25 million"
Bloomberg – Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel… Continue reading "Is the worst period for Oil over? – These top traders think so"