Author Archives
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Wearables New Revenue Bet For Apple, Awaits Reaction To Its New Streaming Service
Apple Inc Chief Executive Tim Cook is betting strong on growth in the company’s wearables business such as the noise-cancelling AirPods Pro while also hoping and end soon for the trade war between the United States and China. This was… Read More ›
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Despite APEC Setback, Chinese Officials Optimistic Of Trade Deal Signing With US
The Asia-Pacific Economic Cooperation summit that was scheduled to be held in Santiago in mid-November has been cancelled by the Chilean government. This summit had assumed importance all across the world because the United States President Donald Trump and Chinese… Read More ›
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Despite Media Backlash, Facebook Grows In Third Quarter
Facebook has once again showed that backlash in the media and among political and regulatory circles does not necessarily translate into poor business performance as the social media company reported growth in the third quarter of the current fiscal despite… Read More ›
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Fiat Chrysler And Peugeot Merger Could Be Announced Very Soon
According to reports, it is likely that an announcement of the merger of the PSA Group, the French owner of Peugeot, and its US-Italian rival Fiat Chrysler will be made shortly. If the merger actually happens between the two companies,… Read More ›
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EU Looking Into Possible Antitrust Breach By Apple Pay In Europe
The antitrust regulators of the European Union are seeking information from online sale companies about whether they were either directed or asked to consider the mobile payment service of Apple Inc in place of similar payment apps of rival companies…. Read More ›
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Alphabet Misses EPS Estimates For Third Quarter, Shares Fall
Alphabet, parent company of Google, missed market estimates for earnings per share for the third quarter. But the company fared well in the other financial data released by it recently. The quarterly performance initially brought down Alphabet shares by as… Read More ›
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Facebook To Pay Fine In Cambridge Analytica Data Breach Scandal
A fine of £500,000 has been agreed to be paid by Facebook to the Information Commissioner’s Office in relation to its alleged role in the Cambridge Analytica scandal. This fine which is the highest possible one would bring an end… Read More ›
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89% Drop In Profit For Chinese Electric Carmaker BYD In Q3
One of the major players in the electric car industry in China – BYD, reported an astounding 89 per cent drop in net profit for the most recently ended quarter. This resulted in the shares of the company dropping by… Read More ›
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Marginal Slowdown In US Economy In Third Quarter
Resilience in consumer spending and a rebound in exports offset a decline in business investment in the third quarter for the United States economy resulting in the economy slowing down at a slower pace than markets had been expecting, This… Read More ›
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LVMH In Negotiations For Purchase Of Iconic Jeweller Tiffany
Preliminary discussions to buy United States jeweller Tiffany & Co have been held by the French luxury conglomerate LVMH, it confirmed recently. “There can be no assurance that these discussions will result in any agreement”, LVMH said in a statement… Read More ›