Google might be helping people with their quick search online but now it is searching for the next big thing for itself. Google's parent company Mountain View, California based Alphabet, is working hard with several projects starting from thermostats connected to Wi-Fi and nanoparticles for detecting cancer but could not generate the expected amount of profit in the first quarter.
IBM has suffered from drop in revenue for several quarters and the company's second-quarter profit forecast was not in line with the analysts' projections.
The Armonk, New York based company has made an effort for years to boost its sales figure as vendor of cloud products and technology using artificial intelligence but that does not seem to be nearing anytime soon.
German luxury carmaker, BMW has announced the launch of its car-sharing service in Seattle in the United States and the company has indicated that the service will soon be launched in others parts of the country.
According to the latest reports, the new Apple iPhone SE might be recording better sales than expected by many in the market, during the first ten days of its launch.
Reportedly, the US government is planning to blame Iranian hackers publicly for a 2013 cyber attack on a dam in the State of New York.
Sources reported that the U. S Justice Department is preparing an indictment against the hackers and a public announcement is expected soon.
Lockheed Martin Corp. the Bethesda based American global aerospace, defense, security and advanced technologies company said it will be cutting about one thousand jobs in the aeronautics division. The move comes as the company makes an effort to stay competitive and keep its staff aligned with the orders.
Reportedly, Messaging app Snapchat raised $175 million in a new funding round from financial service group Fidelity Investment. The news comes at a time when there is increasing investor concern for the once hot startups.
Mark Pincus, the co-founder of Zynga is stepping down from his role for the second time as a chief executive officer and the news seem to thrill the investors. Frank Gibeau, an ex- executive of Electronic Arts is replacing Mark Pincus.
Justice Department Asking Apple to Unlock some of its iPhones; Apple has Still not Agreed to any Such Services
The dispute between the Justice Department and Apple is still on and company says it is fighting the demands of the government to unlock some of its iphones.
On Tuesday, in a letter which was unsealed in the federal court, a lawyer for the company, Marc J. Zwillinger said "Apple has not agreed to perform any services on the devices."
Earlier in the month during an earnings call Yahoo Inc. posted huge quarterly loss. Yahoo's CEO, Marissa Mayer had said that the company has plans to overturn the declining revenues and seeks to build a product line that will be new and fast-growing. She connected the strategy to as big as a "tectonic shift."
Comcast Subscribers in Most U.S Markets Faced TV Outage on Monday; Problem Mostly Fixed by Early Afternoon
Comcast Corp. based in Philadelphia said on Monday, for some hours they lost part of their cable television service in many some of the U. S. metropolitan areas. However, according to the company the problem was repaired in maximum of the places by afternoon. The outage of service mainly affected TV services.
Twitter is heading for changes and not just one. Reportedly, the social media site will be losing some of its senior executives soon.
IBM's 2016 profit forecast and the fourth-quarter revenue reflects that the company is still struggling to balance its shift to new technologies and has not been able to cope completely with the drop in demand for its conventional hardware, software and IT business.