As a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant, South Korea’s Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates. Compared with the 7.4… Read More ›
Day: October 7, 2016
Wireless Data Plans for Drones to be Sold by Verizon
A data plan for their drones would soon be available for companies. Working with drone makers to connect the flying vehicles to Verizon’s wireless network would soon be started by Verizon Communications Inc., the company said. The company officials said… Read More ›
Snapchat’s IPO could be late March 2017
The IPO could see Snap Inc. valued at $25 billion. The Wall Street Journal has reported, citing several sources who are familiar with the matter at hand, Snapchat’s parent is set to come out with an initial public offering (IPO)… Read More ›
GE wins data contract from NY’s power generating electrical system
GE plans on gauging the reliability and efficiency of NYPA’s public electrical system by playing sensors which can intelligently monitor the health of equipment. General Electric has disclosed that it has won a contract from the state of New York’s… Read More ›
Deutsche Bank could raise capital to fight DOJ’s $14 billion charge
With the U.S. Justice Department imposing an unprecedented fine of up to $14 billion on Germany’s largest lender, Deutsche Bank is looking at its options on how to fund this fight. Bloomberg has reported Deutsche Bank AG is in informal… Read More ›