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