Netflix partner accused Verizon of slowing traffic
Level 3, a Netflix partner, accused Verizon of slowing traffic, adding ammunition to Netflix' argument. Netflix has been complaining for months that the broadband and...
Awaited Abbvie Shire takeover clinched
The long-awaited Abbvie Shire takeover was agreed on Friday. The deal, worth £32 billion ($54.7 billion), or £53.2 ($91) per share, was agreed by the...
Forbes Media sold to Integrated Whale Media Investments
Why were a majority of shares of Forbes Media sold to Integrated Whale Media Investments, a group of international investors based in Hong Kong?...
GE Q2 net income increased 13%
GE Q2 net income increased by 13 percent, driven by strong sales in its oil & gas and aviation divisions. The American multinational conglomerate...
Brazilian Leading Economic Index down again
The Brazilian Leading Economic Index (LEI) fell 0.2% in June, after declining in May (-1.8) and also in April (-0.4). The index has fallen...
Morgan Stanley Q2 earnings surged
Morgan Stanley Q2 earnings surged, driven mainly by a strong performance in the company’s wealth management operations. The American multinational financial services corporation has...
Google Q2 revenue climbed 22 percent
Search engine giant Google Q2 revenue climbed 22 percent to $16 billion from $13.1 billion in Q2 2013, while profits rose by 6% to...
Microsoft massive job cutting program announced
A Microsoft massive job cutting program involving up to 18,000 employees was announced today by the company. Most of the workforce reduction, approximately 12,500...
Apple IBM global partnership will transform enterprise mobility
An Apple IBM global partnership has been announced by the two companies, which they claim will transform enterprise mobility. In other words, the multinational...
eBay profits rose six percent
eBay profits rose by 6% to $676 million or $0.53 per diluted share, and revenue by 13% to $4.4 billion, beating some analysts’ predictions...