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Updated: 4 weeks 6 days ago

Bids for Yahoo may Not Match Earlier Expectations

Sat, 05/21/2016 - 09:05

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Yahoo's core business is up for sale, but the takeover bids might not be as impressive as the company or the shareholders had hoped for.

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A Navy seal trainee dies during pool exercise

Thu, 05/12/2016 - 02:59

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A young navy seal trainee has died during a pool exercise just first week into his training in Coronado, California.

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Gap reports a fall in sales in the fifth straight quarter

Wed, 05/11/2016 - 03:03

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Clothing giant, Gap Inc has reported a fall in sales during the fifth straight quarter at a time when the company was expected to start recovery. The shares of the company also fell as it recorded a lwer than expected profits for the first quarter.

 

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Greenlight Capital Invest in Yelp and Natural Gas; Exits Greek Banks and Delta Lloyd

Tue, 05/03/2016 - 08:44

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David Einhorn, the hedge fund manager who started Greenlight Capital in 1996 and heads it till date is extensively followed by the hedge fund industry.  His letters considered by many as a source for hints for new and thriving investment trends.

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Protestors demonstrate against Trump at California Republican Convention

Sun, 05/01/2016 - 04:00

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Several hundreds of demonstrators reached the California Republican Convention on Friday against Donald Trump ahead of his speech at the event.

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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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