T-Mobile Beats Expectations for Profit and Phone Subscribers

Posted by David Ancetti on Oct 31st, 2018 // No Comments

T-Mobile US beat expectations on Wall Street with its quarterly estimates for net new additions to phone subscribers and its profit, driven in part by its wireless plans and offers for trade-ins for iPhones that were aimed at fending...

Microsoft Beats Expectations, But Growth in Azure Slows

Posted by David Ancetti on Oct 25th, 2018 // No Comments

Microsoft shares rose by up to 4% above their closing price of $102.32 on Wednesday following the posting by the company of earnings that were better than had been expected for the software giant’s fiscal first quarter. Revenue for...

Ford Will Test Drive Self-Driving Vehicles in Washington, D.C.

Posted by David Ancetti on Oct 23rd, 2018 // No Comments

Autonomous vehicles will soon be on their biggest stage to date, in the nation’s capital Washington, D.C. Ford announced on Monday a partnership with the district’s government to start testing its self-driving vehicles beginning...

CEO at Apple Urges Retraction of Story on Spy Chips

Posted by David Ancetti on Oct 20th, 2018 // No Comments

Apple Inc. CEO Tim Cook said on Friday that a story claiming the internal computer systems at Apple were infiltrated by malicious chips inserted by intelligence agents from China should be retracted by Bloomberg. However, Bloomberg...

Fashion Retailer New Look Pulls Out of China

Posted by David Ancetti on Oct 18th, 2018 // No Comments

UK fashion chain New Look reached a deal with creditors in the UK to shut its domestic stores during March and announced this week it will close all retail operations across China as part of the company’s wider review of international...

Co-Founder of Microsoft and Philanthropist Paul Allen Dies

Posted by David Ancetti on Oct 16th, 2018 // No Comments

Paul Allen the Microsoft co-founder died from non-Hodgkin’s lymphoma on Monday. Jody, Allen’s sister, called him a remarkable person on every level. In a prepared statement Allen’s sister said that while most knew Paul as a philanthropist...

Titans in the Tech World Battle on Twitter Over Homeless Funding

Posted by David Ancetti on Oct 13th, 2018 // No Comments

Two big tech titans feuded Friday on social media over what is the best way to help the country’s homeless, a population that continues to grow across the U.S. in large cities. Founder of Salesforce Marc Benioff tweeted support for...

CFO at Square Stepping Down, Shares Plunge 8%

Posted by David Ancetti on Oct 11th, 2018 // No Comments

Square, the payment company, announced on Wednesday that its CFO Sarah Friar would step down to take the CEO position at Nextdoor. Shares of the company, run by Jack Dorsey the CEO at Twitter, fell by up to 8% in trading afterhours. Square...

Netflix Buying New Mexico Production Studio

Posted by David Ancetti on Oct 9th, 2018 // No Comments

Netflix has announced that it is planning to acquire ABQ Studios located in Albuquerque, New Mexico. The acquisition will be the first studio for Netflix and will create its production hub where movies such as Sicario, The Avengers...

Two 22-Year Olds Build Billion-Dollar Business in Two Years

Posted by David Ancetti on Oct 6th, 2018 // No Comments

When Pedro Franceschi and Henrique Dubugras met just over five years ago, they became inseparable over the mutual frustrations of having strict mothers that did not understand their ambitious and the love of coding. The fears their...

Toyota and SoftBank Want Self-Driving Cars to Change the World

Posted by David Ancetti on Oct 4th, 2018 // No Comments

Toyota and SoftBank want the transportation world to be changed through autonomous vehicles as well as other technologies. The two high-profile Japanese based companies have formed a new joint venture known as Monet to develop their...

Bill Giving U.S. Power to Sue OPEC Drawing Interest

Posted by David Ancetti on Oct 2nd, 2018 // No Comments

With the prices of oil reaching highs of four years, long ago dormant proposals allowing the U.S. to sue OPEC nations have been getting new looks on Capitol Hill, though they at one time were considered a longshot of becoming law. On...

Security Breach at Facebook Exposes 50 Million Accounts

Posted by David Ancetti on Oct 1st, 2018 // No Comments

Facebook, which is already facing heavy scrutiny over the way it handles its users’ private data, said Friday that its computer network had been hit by a cyberattack that resulted in exposing personal information for close to 50...

Former Employee at Goggle Warns of China Plans

Posted by David Ancetti on Sep 27th, 2018 // No Comments

An ex-employee at Google warned of the company’s disturbing plans for China, in a letter addressed to lawmakers in the U.S. Jack Poulson resigned from Google last month, but before resigning he was a senior researcher with the company...

Co-Founders of Instagram Stepping Down

Posted by David Ancetti on Sep 25th, 2018 // No Comments

Mike Krieger and Kevin Systrom, the co-founders of Instagram resigned and are leaving the company in the next few weeks, which adds to the challenges facing Facebook, the parent company of Instagram. Systrom, the CEO at Instagram,...

Adobe Buys Marketo in $4.75 Billion Deal

Posted by David Ancetti on Sep 21st, 2018 // No Comments

Last week rumors swirled over whether Adobe would buy Marketo. On Thursday the rumors became reality as Adobe announced the acquisition of the marketing automation business for a price tag of $4.75 billion. Vista Equity Partners purchased...

United Airlines Launching New Process for Boarding

Posted by David Ancetti on Sep 19th, 2018 // No Comments

Airlines love full flights but overcrowding at terminal gates is a side effect the airlines are not happy with. United Airlines announced that its customers complained about the groups of passengers in and around its different gates....

Facebook Will Start Fact-Checking Photos and Videos

Posted by David Ancetti on Sep 14th, 2018 // No Comments

As it attempts to eliminate fake news across social media, Facebook will expand its efforts of fact-checking in 17 nations to include both photos as well as videos to go along with the articles that are already being checked, said...

Amer Sports Offered $5.3 Billion for Wilson Sporting Goods

Posted by David Ancetti on Sep 12th, 2018 // No Comments

Amer Sports, the sports equipment maker based in Finland, has been approached with a takeover bid of €4.6 billion or $5.3 billion by Anta Sports based in China and FountainVest a private equity firm. If the deal were to be completed,...

Amazon Allows Indians to Shop in Hindi

Posted by David Ancetti on Sep 6th, 2018 // No Comments

Amazon has gone beyond just English in one of the hottest markets for Internet in the world. This week the tech giant unveiled its version of a mobile website and app for Android in Hindi, which is the most popular language used in...

Nike Makes Colin Kaepernick the Face of Its New Campaign

Posted by David Ancetti on Sep 4th, 2018 // No Comments

Former NFL quarterback Colin Kaepernick, who inspired the protest movement of NFL players, but who has not played in the NFL for over a year, signed a multiyear contract with Nike making him the face of the sports apparel maker’s...

U.S. Government Paying Aid of $4.7 Billion to Farmers

Posted by David Ancetti on Aug 28th, 2018 // No Comments

The U.S. Department of Agriculture said Monday that its new farm aid package includes direct payments of $4.7 billion to farmers that will help to offset the losses from the retaliatory tariffs placed on American exports the last few...

Xiaomi Posts Profit of $2 Billion for First Earnings Since IPO

Posted by David Ancetti on Aug 23rd, 2018 // No Comments

Last month Xiaomi went public and on Wednesday posted a profit of over $2 billion in the first earnings the smartphone maker has reported since its IPO. The China based smartphone maker earned 14.5 billion yuan or $2.1 billion for...

U.S. Tariffs Create Dark Cloud Over Launch of Solar Electronics by Huawei

Posted by David Ancetti on Aug 21st, 2018 // No Comments

The upcoming launch by Huawei Technology in the U.S. of solar panel control device is likely to collide with the new White House administration tariffs placed on electronics from China, which will undermine a new product analysts have...

Uber’s Loss Narrows as Growth Continues

Posted by David Ancetti on Aug 16th, 2018 // No Comments

A little over one year has passed since Uber’s then-CEO Travis Kalanick was forced out and this week the ride-hailing company posted new financials that showed continued growth with narrowing losses as it marches toward a possible...

McDonald’s to Add Table Service and Ordering Kiosks at 550 California Locations

Posted by David Ancetti on Aug 14th, 2018 // No Comments

McDonald’s Corp along with franchisees are planning to spend as much as $390 million to update 550 of their restaurants in California with the changes being completed by the end of 2019. McDonald’s will modern dining rooms, install...

Dropbox Shares Fall Despite Street Beat

Posted by David Ancetti on Aug 10th, 2018 // No Comments

On Thursday, Dropbox announced that its COO Dennis Woodside was stepping down and his successor is not being named yet. Dropbox stock rose initially and then dropped by over 10% after it also released earnings that were better than...

Apple Tells U.S. Lawmakers that iPhones Are Not Listening

Posted by David Ancetti on Aug 8th, 2018 // No Comments

Apple Inc. on Tuesday told lawmakers in the U.S. that its popular iPhones are not listening to users without consent and are not allowing third-party apps to do that either. This came after lawmakers asked Apple if the users’ privacy...

DowDupont: Higher Costs for Raw Materials for Remainder of 2018

Posted by David Ancetti on Aug 3rd, 2018 // No Comments

DowDupont announced that it is expecting higher costs for raw materials will hit all units it has for the remainder of this year, even as an increase in its agriculture business was able to help the chemicals producer, based in the...

MoviePass Increases Prices and Cuts Blockbuster Access

Posted by David Ancetti on Aug 1st, 2018 // No Comments

To remain alive MoviePass has had to make dramatic changes. The service, which allows its subscribers to see one movie per day at the theater, has increased the price for its standard plan to $14.95 per month from $10. The change takes...

Heineken Reduces Forecast for Full-Year Margin

Posted by David Ancetti on Jul 30th, 2018 // No Comments

Heineken NV, the second largest beer maker in the world cut its full-year margin guidance Monday after it posted earnings for the first six months that fell short of market expectations. The Heineken lager, Sol, Tiger and Strongbow...

Amazon Revenue Comes Up Short, Earnings More Than Double Expectations

Posted by David Ancetti on Jul 27th, 2018 // No Comments

Amazon posted a big profit beat but came up just short on revenue for its earnings during the second quarter that were released on Thursday. Amazon shares were up 3% during extended trading. Amazon’s earnings per share reached $5.07...

Former CEO at Fiat Chrysler Sergio Marchionne Dead at 66

Posted by David Ancetti on Jul 25th, 2018 // No Comments

The former CEO of Fiat Chrysler Sergio Marchionne, who was the architect of the dramatic turnaround of the automaker, has died. Marchionne was 66. A holding company of Fiat’s founding family, the Agnelli’s, Exor NV conformed on...

Comcast Drops Bid to Acquire 21st Century Fox

Posted by David Ancetti on Jul 19th, 2018 // No Comments

On Thursday, Comcast announced that it was dropping its attempt to acquire assets of 21st Century Fox that it was in a bidding battle over with Disney. Comcast’s last bid was for $65 billion to acquire Fox’s movie studio that has...

Johnson & Johnson to Fight $4.7 Billion Court Decision

Posted by David Ancetti on Jul 16th, 2018 // No Comments

Johnson & Johnson is hugely dissatisfied and upset over the decision made by jury that its products cause cancer; a verdict that they think is not true. A jury in Missouri ordered that $4.69 billion be paid to 22 women, claimed...

Founder of Papa John’s Steps Down as Chairman After He Used N-Word

Posted by David Ancetti on Jul 12th, 2018 // No Comments

The founder of pizza chain Papa John’s stepped down as it chairman of the board after apologizing for using a racial slur during a May conference call. The resignation by John Schnatter has come months after he quit as the company’s...

Twitter Shares Sink Due to Fake Accounts Being Suspended

Posted by David Ancetti on Jul 10th, 2018 // No Comments

Twitter stock dropped as much as 9% when it was reported that the company increased its suspension of fake accounts. Washington has wanted the microblogging company, to eliminate fake accounts, and now Wall Street has become anxious...

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