Sprint Corporation (NYSE:S) has finally left the pursuit of T-Mobile Us Inc (NYSE:PCS), because of the opposition from regulators and replaced its Chief Executive Officer Dan Hesse with Marcelo Claure, a billionaire entrepreneur. T-Mobile Us Inc (NYSE:PCS) was valued at around $32 billion by Sprint Corporation (NYSE:S) and a combination of the two companies would have created a great entity to tackle the industry giants like Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T). Now, after the bid is withdrawn, Sprint Corporation (NYSE:S) will have to rebuild its market and gain the customers it lost in the past years. Discussing this issue in a program on CNBC, Scott Nations, Chief Investment Officer & President…
Author: Sean Johnson
Amazon.com, Inc. (NASDAQ:AMZN) has recently announced that it is investing $2 billion for the expansion of its operations in India. The local online business giant, Flipkart is already the biggest competitor of Amazon. Both e-commerce giants have been in fierce legal battles in the past. Apparently, the tension between the two rivals is giving a huge boost to the local market. In a recent development, Flipkart and Amazon have announced that they are looking for local land spaces for building warehouses in order to meet the rising orders. The Economic Times, a business newspaper in India, reported that Flipkart has recently rented 500,000…
Facebook Inc (NASDAQ:FB)’s social media platform remains a top priority for most small businesses, which are looking for online promotion. Facebook Inc (NASDAQ:FB) counts ads as its biggest revenue stream. Currently, the company has 1.5 million small- and midsize-business advertisers working with it. As Re/code said in an article, earlier this summer, Facebook offered to small businesses, a training session, where it taught the small business promoters how to craft and build successful and useful ads campaigns online. However, this ‘Boot Camp’ training did not teach about a very important aspect of Facebook ads, which will start to appear in the coming days: the…
Chinese government has excluded Apple Inc. (NASDAQ:AAPL) from its official procurement list. Bloomberg reported that the official procurement list finalized by the Chinese government in July did not have Apple Inc. (NASDAQ:AAPL) products like the iPad, iPad Mini, MacBook Air and MacBook Pro. These products were on the procurement list adopted by the National Development and Reform Commission and Ministry of Finance in June this year. Apple Inc. (NASDAQ:AAPL) is not the first technology company to be excluded by the Chinese government from the procurement lists. Prior to Apple Inc. (NASDAQ:AAPL), the Chinese government ordered its government departments to stop buying…
Powermat has set the standard in the wireless charging domain. Experts now think that the most asked for feature in the smartphones is the wireless charging. Companies like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and BlackBerry Ltd (NASDAQ:BBRY) must follow the footsteps of Powermat to initiate inbuilt features of wireless charging support as users are getting frustrated of high featured machines with depleted battery timings. In a program on Fox Business, Powermat’s CEO, Ran Poliakine, discussed the company’s branching ventures with other companies and the technology they are about to introduce in General Motors Company (NYSE:GM)’s vehicles. “[…] Technology is very…
Xiaomi has finally broken all sales records in China and made it to the top of the sales list. Xiaomi now stands tall as the number one smartphone seller in China, according to a report on Bloomberg. According to Canalys, Xiaomi sold 15 million smartphones in China during the second quarter, more than a three-fold surge from a year earlier. Xiaomi surpassed Apple Inc. (NASDAQ:AAPL) in China last quarter, according to Canalys. Xiaomi is the fastest growing phone maker in the world. The pace with which the Chinese handset maker has captured the market, especially in Asia, is mind boggling.…
The Walt Disney Company (NYSE:DIS) is going to report its second quarter earnings on Tuesday, after the Bell. The Walt Disney Company (NYSE:DIS) gained 1.2% to $86.37 on Monday following the opening weekend success of ‘Guardians of the Galaxy.’ In a program on CNBC, Barton Crockett, senior research analyst at FBR Capital Markets & Co., discussed the expectations from The Walt Disney Company (NYSE:DIS) and said that it is on a “great trajectory” and investors can expect great opportunities from Disney’s stock in the future. “Well, I Think The Walt Disney Company (NYSE:DIS)’s earnings could be a little bit lower…
Facebook Inc (NASDAQ:FB) is becoming more than just a social network outlet where people just chat or interact with each other. It’s coming out to be the biggest newsreader platform. Millions of news lovers take news from their social media feeds according to a number of studies. Instead of opening news websites separately, the idea of embedding them in your social feed is great and attractive for the majority. You can just like and follow the page of news provider and every time you login to your Facebook account, you will get the news delivered. As we know, Facebook Inc (NASDAQ:FB) suffered another outage on Friday.…
Tesla Motors Inc (NASDAQ:TSLA)’s founder and CEO, Elon Musk, has announced that Space X is choosing Texas as their next site for its first commercial launchpad. The state of the art facility will have a vertical launch area and control center to support 12 commercial launches per year, and launch spacecrafts like the Falcon 9, Falcon Heavy and smaller reusable, suborbital launch vehicles. SpaceX is a space transport Services Company, headquartered in California. Elon Musk announced SpaceX’s plans in a press release from Texas Gov. Rick Perry’s office. Bloomberg reported that Tesla Motors Inc (NASDAQ:TSLA) and SpaceX have big plans for evolving the transportation…
Netflix, Inc. (NASDAQ:NFLX) has been accusing Verizon Communications Inc. (NYSE:VZ) of intentionally slowing down the speed for its users in order to malign the image of Netflix services. Verizon Communications Inc. (NYSE:VZ) on the other hand rejected all those claims and said that Netflix is not allowing its users to take advantage of the 75 Mbps FiOS connection speeds. Verizon even issued a legal notice to Netflix, Inc. (NASDAQ:NFLX) and warned it to stop these accusations, as Digital Trends reported. However, from time to time, there have been some proofs to back Netflix, Inc. (NASDAQ:NFLX)’s claims. Last month, ArsTechnia reported the…
Yahoo! Inc. (NASDAQ:YHOO) partnered with Live Nation Entertainment, Inc. (NYSE:LYV) and started a free online music concert project in July. So far, this venture has been going successfully and provided a platform for many companies to promote their content and services on a wider scale. In an article, Ryan Nakashima, AP Business Writer, analyzed the progress of Yahoo!’s free concerts revenue and results. Live Nation Entertainment, Inc. (NYSE:LYV), Yahoo! Inc. (NASDAQ:YHOO)’s prime partner in live online concert series, reported its second quarter earnings on Thursday, beating all the Wall Street expectations. Yahoo! Inc. (NASDAQ:YHOO) is also getting a bigger canvas of…
Apple Inc. (NASDAQ:AAPL) made a huge shift back in 2005 when it announced that it will use Intel Corporation (NASDAQ:INTC)’s microprocessor chips in its Macintosh line of machines instead of PowerPC chips. Since then, Apple Inc. (NASDAQ:AAPL) has been relying heavily on Intel Corporation (NASDAQ:INTC) microprocessor chips, but experts are now predicting another big shift by Apple which will likely make it self-sufficient in the processor manufacturing for Macs. In an article on Quartz, Jean-Louis Gassée, a venture partner with Allegis Capital in Silicon Valley, said that time is not far away when Apple will be making its own ARM-based…