Yahoo sells back shares to Alibaba, bags huge profits
Tue, 23/10/2012 - 13:25 by Akshay Sharma
![]() The company has revealed a spike in profits to the tune of $3 billion! |
Motorola Mobility revenue dips in fourth quarter
Fri, 27/01/2012 - 19:00 by Sam Ross
![]() Motorola Mobility registered dip in revenue in the fourth quarter due to the increased competition in Smartphone market. |
Sears to shut down more than 100 US stores
Wed, 28/12/2011 - 14:04 by Sam Ross
![]() Sears Holding Co., parent company of Sears and Kmart, has announced the closure of its more than 100 stores in United States next year. |
GSV Capital buys 225,000 shares in FaceBook
Tue, 28/06/2011 - 12:56 by Anter Prakash Singh
![]() Woodside, California based GSV Capital has bought 225,000 shares in Facebook at an average price of $29.28 per share. |
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RIM slashes profit forecast
Fri, 17/06/2011 - 12:00 by Anter Prakash Singh
![]() Research In Motion (RIM), maker of the BlackBerry smart phone predicted that its profits may drop and the company may have to cut jobs. |
Fiat buying remaining 6% US stake in Chrysler
Sun, 29/05/2011 - 16:16 by Anter Prakash Singh
![]() Fiat is all set to buy the remaining 6 percent shares of the U.S. government in Chrysler, taking its stake above 50 percent in the Auburn Hills automaker. |
US Treasury sells part stake in AIG
Wed, 25/05/2011 - 15:03 by Jamie Anderson
![]() In a key move towards relinquishing its ownership in the American International Group Inc. (AIG), the U.S. Treasury sold 300 million shares in the financial services behemoth and garnered $8.7 billion from the offering. |
Rising costs to eat into Gap’s profit
Sun, 22/05/2011 - 16:02 by Jamie Anderson
![]() Shares of Gap, Inc. witnessed the biggest plunge in 10 years after the San Francisco, California based clothing and accessories retailer warned that its full-year profit forecast would fall short by 22 percent. |
Apple and Android rise as Nokia and RIM fall
Tue, 08/02/2011 - 16:55 by Yasser Ali
![]() We all saw it coming and now it’s true. Google’s Android, which was once dubbed as a simple experiment and predicted by some to be a failure, is now giving stiff competition to Nokia’s Symbian and RIM’s Blackberry OS. |
Playboy to go private again
Tue, 11/01/2011 - 12:45 by Anter Prakash Singh
![]() Hugh Hefner, who launched the legendary Playboy magazine in 1953 and converted it into a public venture in 1971, is going to buy back the Playboy Enterprises. The deal has been unanimously approved by the board of directors of the media company. |
Goldman Sachs invests $450mn in Facebook
Tue, 04/01/2011 - 14:26 by Anter Prakash Singh
![]() Goldman Sachs has decided to invest $450 million in the popular networking site Facebook along with Digital Sky Technology, a Russian investment firm, which will be investing $50 million. |