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Updated: 2 days 2 hours ago

Intel Adopting Changes with a New Focus towards Cloud and ‘Internet of Things’

Mon, 04/25/2016 - 06:05

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Intel is adopting a new path and making noteworthy changes to its business as the PC market is losing its glory.

 

The forty seven year-old business is mainly known for making microprocessor chips which powers personal computers but now its shifting its focus to cloud and the 'Internet of Things'.

 

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Qualcomm Forecasts Lower than Expected Earnings for the Ongoing Quarter

Thu, 04/21/2016 - 08:09

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On Wednesday, Qualcomm reported its quarterly earnings. The company said its fiscal second quarter earnings and rest of the year outlook could be lesser than expected. The San Diego, California based company's shares dropped almost two percent during the afterhours trading.

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Yahoo still has Millions of Users but that’s not Helping Its Revenue

Wed, 04/20/2016 - 08:16

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Yahoo once a popular name with the Internet users has lost its charm over the years. For almost two decades Yahoo! built one of the most frequently visited sites in the U.S. The company's online display advertising business was also quite robust but over the years something went wrong.

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Intel is Trimming 12,000 Jobs as a Broader Restructuring Effort

Wed, 04/20/2016 - 08:06

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On Tuesday, Santa Clara, California based Intel said it is cutting 12,000 jobs, that's approximately eleven percent of its work force. The decline in demand for personal computers globally mainly added to the company's decision.

 

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Leslie Van Houten to get parole after panel recommendation

Sat, 04/16/2016 - 02:56

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Leslie Van Houten, who was a Charles Manson follower and had admitted to stabbing one person several times, is expected to get parole recommendation from a panel in California.

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Newegg starts its customer support with Facebook Messenger

Thu, 04/07/2016 - 15:28

California based online retail company Newegg has enabled a new feature, through which users can interact with retailer's customer service on one of the most popular app Facebook Messenger. The Facebook Messenger app has 800 million monthly active users.

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Playboy Enterprises Inc. Considering a Sale Option

Fri, 03/25/2016 - 07:44

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Sources say that Playboy Enterprises Inc. could be up for a sale. The move might be under consideration as the publisher of the men's magazine makes an effort to transform itself into a licensing company. Few months earlier, the iconic magazine publisher decided to ditch the nude photos for which it had been famous once and launched an overhaul move to get ready for the digital age.

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SEC Issues $125,000 Penalty for California’s Largest Agricultural Water District Over Misleading Investors

Thu, 03/10/2016 - 08:03

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The drought in California has set a record and the U. S. Securities and Exchange Commission set another record this time announcing a rare fine of $125,000 for the largest agricultural water district in California to settle civil charges alleging that it misled investors regarding its ability to pay debt on a $77 million bond.

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Moody’s Announce a Pact with Calpers Over a 2009 Ratings Lawsuit for $130 Million

Thu, 03/10/2016 - 08:01

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On Wednesday, Moody's announced a pact with California Public Employee Retirement System in which the investor service will pay $130 million to settle claims for supposedly inflated ratings during the financial crisis era on residential- mortgage bond deals.

The prominent lawsuit which alleges crisis-era misconduct will be a record settlement for Moody's Investor's Service.

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Study shows coffee can reduce risk of multiple sclerosis

Sat, 03/05/2016 - 02:54

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According to a new research study, drinking a lot of coffee everyday can significantly reduce the risk of multiple sclerosis (MS).

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Salesforce Posts Quarterly Revenue that Surpassed Analysts’ Expectations

Thu, 02/25/2016 - 08:17

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Salesforce . com Inc, the American cloud computing company based in San Francisco, California reported better than expected quarterly revenue and also increased revenue forecast for the full year. The company said that the higher expectations were mainly attributed to the trend of its customers increasing their purchases which added to its web-based sales and marketing software.

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Reportedly Apple Working Towards Making it more Difficult to Hack iPhones

Thu, 02/25/2016 - 08:10

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People with knowledge of the matter say that the engineers working with Apple have started putting in efforts to develop new security measures which will make it impossible to break into a locked iPhones by the government using similar methods which they are asking for those iphones, which centre around those for which a court case is going on in California.

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Yelp Employee Posts “An Open Letter to My CEO”; Gets Fired

Mon, 02/22/2016 - 08:32

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During the weekend, Talia Jane, 25, an employee of Yelp wrote an open letter to the CEO which went viral and grabbed a mixed reaction.

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Yahoo to Cut Jobs; Shuttering Its Burbank Office Permanently

Thu, 02/18/2016 - 08:21

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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."

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Scientists may Confirm Existence of Gravitational Waves Today

Thu, 02/11/2016 - 09:48

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About 100 years ago when genius physicist Albert Einstein gave theory of general relativity, he had no idea that scientists will one day find direct evidence of gravitational waves' existence. If rumors are believed, scientists will reveal their observation of the elusive waves at the US National Science Foundation.

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Walt Disney Co. Reports Greater Than Expected First Fiscal Quarter Profits

Wed, 02/10/2016 - 07:37

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Walt Disney Co.'s first fiscal quarter profit surpassed analysts' expectations. Disney posted its best quarterly earnings ever in its history but in the after hour trading the stock was still down four percent.

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GoPro Stocks Halted from Trading Temporarily on Wednesday as Fourth Quarterly Loss takes Prices Down

Thu, 02/04/2016 - 08:40

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Are the wearable action sports cameras losing their charm? At least that's what GoPro's Q4 results hint at. On Wednesday, the company reported a surprise fourth-quarter loss.

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Chipotle Reports Quarterly Earnings and Says California Food Safety Probe Widened to National Investigation

Wed, 02/03/2016 - 06:51

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Chipotle Mexican Grill is reeling under the norovirus and E. coli outbreaks that have plunged sales and dropped share prices of the company.

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Marissa Mayer Announces Job Cuts at Yahoo to Reduce Costs

Wed, 02/03/2016 - 06:43

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On Tuesday, Marissa Mayer, Yahoo's chief executive unveiled a turnaround plan which seemed quite ambitious. However, the plan might not keep it off from selling its core assets. The tech company said, it is open to offers for its core assets and that is surely an alteration from the company's point of view in December.

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Alphabet Reports Strong Fourth Quarter Results; Poised to Overtake Apple

Tue, 02/02/2016 - 07:56

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Alphabet, Google's parent company is about to cross Apple to become U.S's most valuable company and that might happen just as trading starts on Tuesday. For four years or more, the iPhone maker has held the top position but it's about to change it seems.

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