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...
Intel second quarter profits up 45 percent
Intel second quarter profits rose by 45% to $2.8 billion, driven mainly by greater-than-expected PC sales to corporate customers. Q2 2014 reversed prior quarter...
Yahoo Q2 profits fell by 18 percent
Yahoo Q2 profits fell by 18% to $270 million and revenues also declined, by 3% to $1.084 billion, the Internet giant reported on Tuesday....
Federal regulators sue Amazon for kids’ purchases
Federal regulators sue Amazon for illegally charging account holders for kids’ purchases without their consent. The lawsuit alleges that the online retail giant allowed...
Cynk shares rise 23,000 percent, SEC suspends trading
After Cynk shares rise 23,000% in just one month, the US Securities and Exchanges Commission (SEC) suspended trading until July 24. According to the...
Alibaba valuation rises to 133 billion dollars
The latest Alibaba valuation rises to $133 billion, according to data posted by the company in a filing on Friday, compared to $119 in...
Google Ventures European fund unveiled
A Google Ventures European fund aimed at technology start-ups has been unveiled by the search engine giant. The $100 fund aims to invest in...
Carlos slim slims Mexican telecom presence
Carlos Slim slims América Móvil's presence after new Mexican legislation stipulates that no company is allowed to have a 50%+ share of the national...