Items tagged with Business
It would probably take most of us a few lifetimes to earn a billion dollars, but it evidently only takes a few days to officially spend it. The extravagant purchase of Tumblr by Yahoo has officially closed this week, making the site formally a Yahoo property. CEO Marissa Mayer is once again...
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What do you do as a major, billion dollar corporation when your chief financial officer steps away? You find another one, preferably one you're familiar with. That's what Microsoft has done, after announcing during its Q3 2013 earnings report that existing CFO Peter Klein would be stepping...
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As carrier networks gravitate more and more towards data (and less towards pure voice services), Sprint has announced a bolstering that'll position it to serve its future customers -- folks who will no doubt be clamoring for plenty of...
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Apple has terminated its contract with a third-party labor supplier in China after an audit discovered it had "intentionally" hired dozens of underage workers. The audit uncovered 74 cases of underage labor at the one facility, and 106...
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Stop us if you've heard this one before: AT&T is looking to merge with a telecom...what's that, you have heard this one? Well this time it's different. AT&T isn't looking to make another run at T-Mobile, the U.S. subsidiary of Deutsche Telekom, and presumably the wireless carrier...
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We hate to break it to investors who dumped barrels of cash into Apple over the last several months, but the bitter truth is it was a bad investment. Maybe in the long term they'll all look like savvy investors and the past three months will become a distant memory. Or maybe Apple was never...
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Intel Chief Paul Otellini recently announced that he plans to retire from chipzilla in May 2013, which leaves the world's largest semiconductor player plenty of time for find a replacement. Who will it be? That's the big question that...
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Finicky investors weren't as high on Apple yesterday as they have been in the past. Apple's share price dropped 6.4 percent on Wednesday, representing the company's biggest single-day drop in four years and shaving $35 billion from its market cap. What gives? That's a good question, and there...
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Although HP's attempt at competing in the consumer tablet market with the HP TouchPad may have been short-lived, the company has continued to compete in the business segment of the market with products such as the ElitePad. In yet another...
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Hewlett-Packard today announced financial results for its fourth fiscal quarter and full fiscal year ended October 31, 2012, noting an $8.8 billion asset impairment charge related to the acquisition of software firm Autonomy. That's a...
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Intel President and Chief Executive Officer (CEO), Paul Otellini, is calling it quits, though he isn't stepping down from the world's largest chip maker immediately. Instead, he'll work through the holiday season and into the second quarter of 2013 before retiring in May, Intel announced...
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When you're hot, you're hot, and when you're cold, well, things are still pretty good if you're Apple. Ahead of the iPhone 5 launch, the Cupertino company saw its share price hit an all-time high a couple months ago, reaching more than $705. Since then, Apple's share price has been steadily...
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Dell's fiscal 2013 third quarter revenue dipped to $13.7 billion, down 11 percent sequentially, the company announced this week. Battered by weak spending in the PC sector and a trend towards mobile handheld devices, Dell's profit was cut...
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Wall Street's going to be busy today as some 800 million Facebook shares held by insiders become eligible to trade, completely free of previous lock-up provisions. This isn't the first wave of restricted Facebook stock to be freed up --...
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The Internet is abuzz this evening after Reuters ran an exclusive report claiming Advanced Micro Devices (AMD) had hired J.P. Morgan Chase & Co. to "explore options," including a potential sale of the company. You can imagine the sullen faces on AMD fans far and wide, and also those who...
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This one's probably a long-shot, but apparently Foxconn (Hon Hai Precision Industry) is thinking about branching out and building manufacturing facilities in the United States. Two potential destinations reportedly being evaluated include Detroit, Michigan and Los Angeles, California. Foxconn...
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Perhaps as the result of a momentary sense of panic following Foxconn's reiteration that those newfangled iPhone 5 models are a bear to build, investors grew slightly skittish yesterday and sent Apple's share price down nearly 4 percent by the end of the trading day. Apple stock is now the lowest it's been in five months. "It's not easy to...
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Sharp recently warned investors that it was on the verge of collapse after doubling its full-year net loss forecast to $5.6 billion, citing a "worse than expected drop" in LCD TV sales in Japan and China. At the time, it was being reported that Sharp was looking for outside help to stay...
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One of the biggest benefactors of the mobile device revolution that's taking place right before our very eyes is ARM, which licenses its technology to a number of players, like NVIDIA and Qualcomm (to name just two). If you own a...
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Following the expiration on insider trading restrictions, Facebook's Chief Operating Officer (COO) Sheryl Sandberg unloaded around 353,000 shares of the social networking site worth about $7.44 million, she disclosed in a filing with the...
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Purchased a new television lately? Unfortunately for Sharp, most people aren't upgrading their TVs, hence part of the reason why the struggling electronics maker doubled its full-year net loss forecast to $5.6 billion. Speaking to its second quarter financial results, Sharp noted a "worse than...
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It's not unusual for a company's profits to come up short of analyst expectations, but what's interesting in Acer's case is fact that its performance in the third quarter of 2012 versus what the market experts were anticipating ended up being miles apart. Acer's net income in Q3 reached NT$68...
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