Last Updated : 26-07-2014 11:07

 
 

Business Tech

Qualcomm CEO says still in the dark on China antitrust probe

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Qualcomm's (QCOM.O) CEO Paul Jacobs said on Wednesday that the U.S. mobile chipmaker still has not been notified about why it has come under antitrust scrutiny in China since late last year.
Views: 2196

Disney cuts CEO pay, adds Twitter co-founder to board

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Walt Disney Co has slashed Chief Executive Bob Iger's fiscal 2013 compensation by 15 percent with a bonus cut, and named Twitter Inc co-founder Jack Dorsey an independent board director.
Views: 4982

Co-founder Lazaridis cuts stake in BlackBerry

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BlackBerry Ltd co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled smartphone maker. (link.reuters.com/sup65v)
Views: 2202

Zuckerberg to sell Facebook shares worth about $2.3 billion

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Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
Views: 2696

White House review panel proposes curbs on some NSA programs

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A White House-appointed panel on Wednesday proposed curbs on some key National Security Agency surveillance operations, recommending limits on a program to collect records of billions of telephone calls and new tests before Washington spies on foreign leaders.
Views: 1936

Amazon's German workers strike as Christmas orders peak

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Hundreds of Amazon.com Inc workers in Germany went on strike on Monday, just as pre-Christmas sales were set to peak, in a dispute over pay and conditions that has raged for months.
Views: 1544

Cisco cuts long-term revenue, earnings targets

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Cisco Systems Inc on Thursday cut its longer-term earnings and revenue growth targets due to problems in emerging markets, conservative customer spending and stalling growth in its core business of network equipment, the latest in a drumbeat of bleak developments at the Silicon Valley company.
Views: 1640

Adobe's Creative Cloud subscriber growth impresses investors

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Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts' estimates but reported a 22 percent jump in the number of subscribers to its Creative Cloud suite from the preceding quarter.
Views: 1527

Alibaba invests $361 million in appliance maker's 'big goods' logistics

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Alibaba Group will invest HK$2.82 billion ($361 million) in appliance maker Haier Electronics Group Ltd in a deal aimed at expanding the Chinese e-commerce giant's logistics reach to the millions of consumers in China's vast interior.
Views: 1664

HP enterprise sales pickup stirs turnaround hopes

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Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company's turnaround plan, and its shares rallied more than 7 percent.
Views: 1603

Blackberry shakes up senior management

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Struggling smartphone maker Blackberry has shaken up its top management as part of its continuing reorganisation.
Views: 1624

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DM participates in Ifthar ceremony
Another train derailment
Mahela notches up 150