Home » Archive for May, 2014
China Clamping Down on Apps for Instant Messaging
China has started a crackdown of one month on illegal content making the rounds on local services offering instant messaging. The most recent crackdown was announced on Tuesday and comes following a terrorist attack in the Xinjiang... More of this article »
IBM Lab Mistake Creates New Lightweight Materials (NYSE:IBM)
Jeannette M. Garcia has worked as a research chemist at an IBM laboratory for years developing recyclable plastics that are stronger and better for the earth. On one of her days of mixing and heating chemicals, she left one step out... More of this article »
Sources: Samsung Will Launch Smart Watch with Phone
According to insider reports, Samsung Electronics the South Korea based electronics giant is currently developing a smart watch that will not have to be linked to a telephone to be used. That would in turn make the new device the only... More of this article »
Tiffany Tops Estimates Due to Higher Prices
Tiffany & Co. the second largest retail luxury jeweler in the world posted a profit for the first quarter that was higher than estimates from Wall Street analysts. The company also increased its forecast for 2014, as increases... More of this article »
Sears Continues To Report Financial Problems (NASDAQ: SHLD)
Analysts are expecting Sears to announce dismal fiscal first quarter results and possibly more store closings. In the past year, Sears has closed nearly 100 stores in the United States. John Kernan, an analyst with Cowen, said, “They... More of this article »
General Motors Inquiry Concentrates On Legal Team (NYSE:GM)
The legal department of General Motors has become a focus of a broad internal inquiry into how the company handled a vehicle safety issue linked to 13 deaths. The failure of ignition switches caused Chevrolet Cobalts and other cars... More of this article »
Study Gives Hint on How Heart Protected by Mediterranean Diet
Multiple studies have shown that a diet that is Mediterranean style, which is rich in nuts, vegetables, fruits and fish seems to lower the risk of contracting heart problems. Now a recent study involving mice hints at the reason why. The... More of this article »
Measles Virus Used in Treatment of Cancer
A hematologist from the Mayo Clinic says an experiment has had promising results. Cancer researchers said they were excited about someday treating cancer of the bone marrow by using the measles virus that seems a good match for the... More of this article »
Pinterest Raises Over $200 Million
Pinterest was able to raise new capital in the amount of $200 million the company announced on Thursday. The recent capital brings the valuation of the company up to over $5 billion, which makes it one of the most valuable startups... More of this article »
Profit At Airbus Exceeds Expectations (EPA: AIR)
Airbus Group, the European aerospace giant, reported a better-than-expected profit for the first quarter. Net profit for the three months to March 31 almost doubled to a reported 439 million euros, or $602 million, from €227 million... More of this article »
New Low-Cost Smartphone Revealed By BlackBerry (NASDAQ:BBRY)
BlackBerry unveiled a new smartphone model that it intends to release in emerging markets in Asia and South America. The new BlackBerry Z3 smartphone was produced by BlackBerry in partnership with the Foxconn Technology Group of Taiwan.... More of this article »
Sony Drops to Loss of $1.3 Billion
Sony Corp lost $1.3 billion during its fiscal year after being hit by the costs from selling is business of personal computers. The company is forecasting continued losses as it attempts to execute a turnaround that has now been long-promised. The... More of this article »
Valeant’s Bid to Takeover Allergan is Rejected
Allergan Inc has rejected the unsolicited takeover bid from Valeant Pharmaceuticals International, saying the bid had substantially undervalued the Botox wrinkle treatment maker. The offer, which puts a value $45.7 billion for Allergan... More of this article »
New Implantable Device Treats Blood Pressure
In Germany, researchers have successfully developed a device that is implantable and able to reduce the users’ blood pressure significantly via electrical signals it sends to the brain. The device contains 24 electrodes that are... More of this article »
Toyota Expects Stalled Profits
Toyota Motor Crop has warned that its earnings might fall during the current fiscal year as the tailwind that boosted exports that the company and other carmakers in Japan received from the sharp depreciation of the yen over the past... More of this article »
Comcast Seeks Acceptance Of Merger Despite Resistance From Netflix (NASDAQ:CMCSA)
Comcast has been working diligently to increase acceptance of its proposed merger with Time Warner Cable. The $45 billion merger would give Comcast control of 40 percent of the country’s Internet service coverage and 19 of the country’s... More of this article »
Office Depot to Close 400 Stores in U.S.
Office Depot announced plans to close 400 or more stores in the U.S., as the company’s merger with OfficeMax has resulted in retail locations overlapping that can now be consolidated. The financial results for the combined company... More of this article »
G.M. Hires Compensation Professional To Talk To Families With Claims (NYSE:GM)
General Motors has hired a compensation professional to help the company explore compensating victims of G.M. cars with a defective ignition switch. Kenneth R. Feinberg, an expert in victim compensation who has handled cases like the... More of this article »
Tech Firms Will Notify Users that Information is Subpoenaed
Microsoft Corp, Apple Inc and Google Inc have said they would notify their users whose information is request by the U.S. government. This move is pitting the private companies against officials in law enforcement from the federal... More of this article »