Apple Inc. (NASDAQ:AAPL) is continuing its shopping spree, as the company is close to buying talk radio app Swell for $30 million, according to Re/code, cited by CNBC. The acquisition, if pulled off, will mark the Apple Inc. (NASDAQ:AAPL)’s third consecutive purchase of a content app, after it bought book recommendation service BookLamp and Beats. Swell acquisition may be regarded as a move by Apple to get a head-start in the fast expanding market of in-car listening. Pandora-for-talk-radio app, called that way because of its similarities to the successful Pandora music streaming service, has had trouble finding lots of users. With…
Author: Alex Oleinic
In its second-quarter letter to investors David Einhorn’s Greenlight Capital highlighted the performance of its portfolio during the April-June period, emphasizing that a significant contribution to the growth was made by two long positions in Apple Inc. (NASDAQ:AAPL), and Micron Technology, Inc. (NASDAQ:MU). Overall, the return of Greenlight Capital amounted to 7.9%, net of fees and expenses, during the second quarter, while the long portfolio containing stakes in Apple and Micron has gained 14%. The Year-to-Date return of Greenlight amounted to 6.4%. Apple Inc. (NASDAQ:AAPL) currently represents the largest stake in Greenlight’s equity portfolio. The fund owning 1.99 million shares as of the end…
Facebook Inc (NASDAQ:FB)’s quarterly sales went up by 61% on the year to $2.91 billion. Bloomberg Contributing Editor, Paul Kedrosky, and Cory Johnson analyzed how sustainable these profits were on Bloomberg TV. Facebook has made an incredible platform transition to mobile advertising, which now contributes to 62% of their advertisement revenue. “We are starting to see a business that has much greater profitability than we knew going into this. When we look at the operating profit margins for this company, they are getting a lot better than they were even four, or six or eight quarters ago,” said Johnson. When you take out…
Genome sequencing technology maker Illumina, Inc. (NASDAQ:ILMN) posted a record second quarter revenue of $448 million, beating estimates of $427 million. Illumina, Inc. (NASDAQ:ILMN)’s CEO, Jay Flatley, discussed the company’s earnings and sequencing technology with Maria Bartiromo on Fox Business. Flatley said that the quarter was probably the best the company had witnesses in terms of revenues, with top line revenue growth of 29%. Illumina, Inc. (NASDAQ:ILMN)’s geographical performance was also good across all regions, especially in Asia and Europe, where they saw 50% and 45% revenue growth respectively. “We are particularly strong in China this quarter. We saw the…
BlackBerry Ltd (NASDAQ:BBRY)’s stock has gone up by nearly 4% today, and currently trades at around $10.20. There are several news that might have spurred today’s growth, as well as the increase of the share price in the past couple of days. Yesterday, the company announced the availability of its BlackBerry Enterprise Service 10 in the form of a hosted service through some third-party companies. This service allows companies to take advantage of Blackberry’s secure network and with the recent expansion, now the securing of devices is available not only on BlackBerry Ltd (NASDAQ:BBRY)’s Smartphones but also on those based on…
Google Inc (NASDAQ:GOOGL) is celebrating a milestone reached by one of its projects. The Chromecast streaming device has been released a year ago, and as a “Thank you” for those who have bought it or plan to do it in the next couple of months, Google Inc (NASDAQ:GOOGL) has decided to offer its “All Access” music service for free for the first 90 days. According to Google Inc (NASDAQ:GOOGL)’s Play store, the code for the offer can be redeemed until the end of September, and after the expiration of the 90-day trial, users will be switched to a regular monthly payment plan. However, there are…
Apple Inc. (NASDAQ:APPL) has announced that BlackRock, Inc. (NYSE:BLK) founding partner, Susan Wagner, has been elected to the Apple Inc. (NASDAQ:APPL)’s board of directors, while Google Inc (NASDAQ:GOOGL)’s Chief Business Officer, Nikesh Arora, is leaving for SoftBank. Dominic Chu and Jon Fortt discussed these boardroom reshuffles at the technology giants on CNBC. Chu reported that Hewlett-Packard Company (NYSE:HPQ) recently had a change in the top management.Apple Inc. (NASDAQ:APPL)’s new Board Member, Susan Wagner, a founding partner, a co-founder and director at BlackRock, Inc. (NYSE:BLK), the world’s biggest asset manager will replace Bill Campbell, who is retiring from the board after 17 years of service. Campbell…
Apple Inc. (NASDAQ:AAPL) has agreed to pay $450 million to resolve consumer and U. S. states’ allegations that it had helped fix the prices of e-books, according to a court filing. Rosalind Chin analysed the financial impact the ruling could have on iPad manufacturer on Bloomberg’s “First Up.” Apple Inc. (NASDAQ:AAPL) which was originally facing $840 million in damages in the case, reached an agreement with parties involved. According to the settlement, Apple will pay $400 to consumers and $50 million to the state. The states led by Texas and Connecticut started investigating after the prices of e-books increased by…
ASML Holding NV (NASDAQ:ASML), Europe’s largest semiconductor equipment supplier, reported their second quarter earnings today. Caroline Hyde reported on how the company has fared and what is the outlook for the third quarter on Bloomberg Television’s “Countdown.” Hyde considers that the second quarter sales were pretty much as expected, though ASML Holding NV (NASDAQ:ASML) beat the estimates in terms of their gross margins. ASML Holding NV (NASDAQ:ASML) reported their second quarter net income as 399 million euro ($540 million), which is well above the estimate of 350 million euro ($473 million). With the third quarter sales estimated at about 1.4 billion…
Market experts have noted a really positive trend in the Airlines stocks in the American markets, where almost all the mainstream Airlines entities are flying high with their good and elevated stock rates and activity. Gordon Bethune, former CEO of Continental Airlines, during an interview on CNBC said that this is because of a positive market trend that took place since the start of 2014. “I think there is a modest growth in everybody’s portfolios so I don’t see anyone doing anything stupid that would really cause revenue to fall,” said Bethune, who made high profits for Continental Airlines, which is…
3D Systems Corporation (NYSE:DDD), a global, integrated solutions 3D printing company that specializes in producing innovative and state of the art 3D printing devices and mechanisms has taken the alluring 3D printing technology to the next level, revealing the iSense™ 3D scanner, a new 3DS consumer scanner that can be used with an iPad. In a recent interview on Fox Business, the CEO of 3D Systems Corporation (NYSE:DDD), Avi Reichental, has revealed more details about this new technology, stating, among other things, that it allows the user to capture a 3D sculpture everything they could imagine. “The real question is how…
In this article we will take a look at three large-cap stocks in which insiders have bought in during the first quarter of the year. The largest company in this list –in terms of market cap- is Citigroup Inc (NYSE:C), a $147 billion market cap financial services holding company. Over the past couple of months, Citigroup Inc (NYSE:C) saw two insiders spend more than $1.54 million on its stock. On May 20, William Thompson, Board Director, acquired 40,228 shares of the company; 18,768 Series K Depositary Shares, for $26.70 per share, and 21,460 shares of Common Stock, for $46.60 each. After…