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Blackberry profit for Q1 Fiscal 2015

A Blackberry profit for the first quarter of Fiscal 2015 surprised analysts and sent shares up by 10% in pre-market and 14% in mid-morning trading. Net profit for Q1 Fiscal 2015 (three months to the end of March 2014) was $23 million or 4…

Adobe shares reach record high

Adobe shares were up 6% to a record $71.60 after the news of its second quarter earnings of $1.07 billion, a rise of 16%, was published. Adjusted earnings increased to $0.37 per share. Revenue and adjusted earnings were higher than analysts…

Oracle MICROS Systems deal closer

An Oracle MICROS Systems deal worth more than $5 billion is getting closer, as Oracle CEO, Larry Ellison, moves to add software for restaurants and hotels in his quest to reverse ten quarters of slowing growth. According to Bloomberg,…

Intel revenue forecast up

With the PC market shrinking who would have expected an optimistic Intel revenue forecast? The semiconductor chipmaker has announced accelerating demand and a pickup in personal computer purchases by businesses. A study has indicated that…

PayPal president joins Facebook

David Marcus, PayPal president joins Facebook, he is leaving on June 27th to head the social networking giant's messaging products division, a standalone app which is featured within Facebook’s desktop platform. Until somebody is found to…

Game relisting valued at £340m

Game relisting has been valued at £340 million. The British video games retail company says it will relist on the London Stock Exchange on June 11th, two years after the company went into administration. Game had been previously valued at…

Verizon versus Netflix row heats up

In the Verizon versus Netflix row, the US telecommunications giant told Netflix in a “cease and desist” letter to stop telling its customers that Verizon’s crowded network is the sole cause of their slow download speeds. In the letter,…