Apple Sales Drop on Weak iPhone Demand
US retail company Target stated that declining Apple sales was one of the reasons for the double-digit decline in electronics revenues during the previous quarter. This week, Target reported downbeat results for the second quarter, singling out its electronics segment for causing a “significant drag”, which is equivalent to 70 basis points of a 1.1%… (0 comment)

Why Cisco is a Good Buy
The shares of Cisco Systems (NASDAQ: CSCO), which are currently trading at their 52-week highs have edged higher by nearly 40 percent from approximately $22 to 31 since analysts from TheStreet have rated the company’s stock a Buy on February 9. Last May 17, with the tech giant’s shares changing hands at approximately $26, the… (0 comment)

IBM to Set Up Innovation Center in Thailand
US-based tech corporation International Business Machines (NYSE: IBM) is planning to establish a full-fledged innovation center in Thailand by the latter part of 2016 in order to integrate its cognitive computing technology with design thinking, as well as customer experience. Aside from that, IBM in partnership with Digital Ventures will organize the very first IBM… (0 comment)

Chesapeake Energy Corp. (NYSE: CHK) is paying almost $340 million to exit the Barnett Shale as the energy company attempts to clean up its finances. The mentioned deal will aid Chesapeake in getting rid of financial commitments valued at close to $1.9 billion it had to Williams Partners LP, which is a pipeline firm that… (0 comment)

Allergan Plunges on Q2 Earnings Miss
Allergan Plc (NYSE: AGN) posted an increase in revenue for the second quarter of the current fiscal year on Monday, but the results still failed to meet the expectations of analysts. The pharmaceutical corporation doubled its losses in the given period amid the discontinued operations, including its generic drug unit’s sale to Teva Pharmaceuticals during… (0 comment)

The stock Avon Products Inc. (NYSE: AVP) edged higher by more than 15 percent during late trading hours yesterday, after the corporation released robust earnings results for the second quarter of the current fiscal year. During the given period, its earnings per share hit $0.07 beating the analysts’ forecast of $0.02. Meanwhile, its revenue came… (0 comment)

Microsoft Raises $19.75B Through Bond Sale
Microsoft Corp. (NASDAQ: MSFT) managed to raise $19.75 billion through bond sale in order to help finance the tech company’s planned acquisition of LinkedIn Corp. This is so far the biggest sale of Microsoft ever, and market players put in over $50 billion in orders for the deal. The robust demand aided the software corporation… (0 comment)

General Electric Sells GE Capital Interbanca for $2.2B
General Electric Company (NYSE: GE) continues to offload its GE Capital financial assets as part of its long-term strategy, retaining only those that support its Industrials unit. This latest move by the conglomerate was recently announced when GE revealed that it had agreed to shed the GE Capital Interbanca unit in a deal with IFIS.… (0 comment)

Twitter to Report Q2 Earnings
Twitter Inc (NYSE: TWTR) is scheduled to report its earnings for the second quarter of the current fiscal year after the bell on Tuesday. One day ahead of Twitter’s Q2 earnings release, the micro-blogging company revealed a new live streaming sports deal. The mentioned deal involves a live stream of weekly out-of-market games from the… (0 comment)

Qualcomm Q2 Results Beat Analyst Forecasts
The earnings results of Qualcomm Inc (NASDAQ: QCOM) for the second quarter show that the multinational semiconductor company surpassed the forecasts of analysts. Qualcomm gets paid more licensing fees and obtains a greater market share in the Asian country. For the June quarter, the semiconductor giant reported $1.44 billion in net income, higher by 22… (0 comment)

Alibaba to Open Australian Office this 2016
The Chinese ecommerce giant Alibaba Group Holding Ltd (NYSE: BABA) recently announced that it is planning to establish an office in Australia—its very first local office in the country—during the latter part of the current year. This move by the ecommerce corporation can be considered as a part of its broader move to globalize and… (0 comment)

IBM Stock Rallies on Strong Earnings
International Business Machines Corporation (NYSE: IBM) has given a sign to its shareholders that the multinational tech giant may be turning things back around at last. For the first time, IBM has experienced a revenue boost in cognitive solutions, which is a key unit. The tech corporation is considering that the cognitive solutions segment, including… (0 comment)

Valeant Pharmaceuticals Faces More Headwinds
Valeant Pharmaceuticals Intl Inc. (NYSE: VRX) has faced a headwind as its brodalumab will obtain a label warning because of the issue involving suicidal and behavioral thoughts in patients who are currently undergoing the clinical trials on the said drug, according to a staff of the Food and Drug Administration. The brodalumab is an investigational… (0 comment)

Amazon Prime Day Orders Rally 60 Percent
Amazon.com Inc (NASDAQ: AMZN) stated that its second Prime Day promotion conducted annually was the largest sales of the online retailer ever. In this year’s Prime Day, global orders edged higher by over 60 percent in comparison to the previous year. The online retail giant created the Prime Day promotion to attract consumers to register… (0 comment)

Qualcomm Launches New Snapdragon
Qualcomm Inc (NASDAQ: QCOM) has recently unveiled its latest Snapdragon processor dubbed Snapdragon 821. According to the semiconductor giant, the new variant of the Snapdragon will exhibit new features, which complements to the innovation of the Snapdragon 820—its predecessor. Building upon the previous Snapdragon processor, the new variant is not only claimed to be faster… (0 comment)

How Does iPhone SE Fare in China?
When Apple Inc. (NASDAQ: AAPL) rolled out its iPhone SE in the month of March, the Cupertino, California-based tech giant aimed its most affordable iPhone ever at markets that are price-sensitive, particularly China. However, the iPhone maker is reportedly losing market share in the Asian nation, according to Counterpoint Research. The market research company stated… (0 comment)

FSOC Designates GE Capital as Nonbank SIFI
The Capital segment of General Electric Company (NYSE: GE) marked a huge milestone yesterday when the company gained the designation of a nonbank Systemically Important Financial Institute (SIFI) from the Financial Stability Oversight Council (FSOC). With this, General Electric will not be susceptible to the risks involved with the financial markets and the company will… (0 comment)

Exxon Considers Acquiring Stake in Mozambique NatGas Project
Exxon Mobil Corporation (NYSE: XOM) is considering to purchase a stake in a huge natural gas development project of Anadarko Petroleum Corporation (NYSE: APC) and Eni SpA (NYSE:E) in Mozambique, according to Bloomberg. Bloomberg reported that the natural gas deal would produce great benefits for the African country, which is struggling with poverty. Mozambique has… (0 comment)

Intel Considers Sale of Security Business
Intel Corporation (NASDAQ: INTC) is considering to sell its security business as the semiconductor giant intends to focus on delivering chips for connected devices and cloud computing, based on a news report. The Security business of Intel Corp. came largely from the tech company’s $7.7 billion acquisition of the software company McAfee. The chip corporation… (0 comment)

Coca-Cola Invests in Aloe Water Startup
Coca-Cola has purchased a minority stake in an organic aloe water startup. This latest investment is just one of those made by the beverage company out of its core business, since soda sales in the United States weaken. Just recently, Coca-Cola stated that it purchased a stake in California-based startup L.A Aloe, which is famous… (0 comment)

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