Air China Ltd (ADR) (OTCMKTS:AIRYY) has decided to slash down the fixed portion of the commission fee from 3% to 2% to air travel agencies that book domestic tickets. Following Air China’s decision, CNBC took some clues from Qunar Cayman Islands Ltd (NASDAQ:QUNR) Co-founder and CEO, Chenchao Zhuang, about the probable impact of the commission cut on its business. Benefit Regional Wholesalers Zhuang said that the decision is of great importance to them as Qunar Cayman Islands Ltd (NASDAQ:QUNR) is the largest airfare distribution platform in China. He added that the company is currently contributing 22% of the overall Chinese…
Author: Neha Gupta
Ford Motor Company (NYSE:F) finally unveiled its much awaited 2015 Edge, a midsized crossover vehicle that the company hopes will spur sales in the fast growing luxury vehicle segment. It is not every day that CNBC, according to its auto and Airline reporter, Phil Lebeau, talks about a redesigned vehicle, but with the Edge, it had to be an exception. Ford Motor Company (NYSE:F) unveiled the luxury car at its Dearborn Michigan headquarters as a North American Cross over utility vehicle. According to Mr. Lebeau, Ford stands to enjoy a significant amount of sales with the model. “Well, they are not…
The demand for cloud-based services is forcing big data companies like Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc. (NASDAQ:FB) and Microsoft Corporation (NASDAQ:MSFT) to expand data centers at a remarkable pace. Equinix Inc. (NASDAQ:EQIX)’s CEO Steve Smith in an interview on Fox business news shed more light on how these companies are coming to his company to keep up with the pace for the need of more data centers. Equinix Inc. (NASDAQ:EQIX) is reportedly helping 4,000 companies connect with customers through networked data centers all over the world. Equinix is not well known to the public as it keeps a low profile in…
Reporting on the recently announced IPO of Alibaba.com, Fox Business anchor Liz MacDonald, said as to how the Alibaba.com’s public offering has the potential to become the world’s biggest IPO with a value of $26 billion. MacDonald reported that the total valuation of the company stands at $220 Billion, and the IPO of $26 Billion would beat even the US $16 billion IPO by U.S. tech giant Facebook Inc. (NASDAQ:FB) in 2012 as well as Visa Inc. (NYSE:V)’s $19.65 billion IPO in 2008. It is also higher than the world biggest IPO so far i.e. the IPO of Agricultural bank…
In an interview with ‘Whistle’ CEO & co-founder Ben Jacobs, Fox Business anchor Deirdre Bolton discussed on the importance of wearable devices for pet dogs. Answering to Bolton’s question as to why do dogs would need a wearable device, Jacobs said “The things that are really going to last and emerge and those that create lasting value for a standard normal consumer, we really believe ‘Whistle’ does that for the everyday pet owner.” According to Jacobs, the device would not only help pet owners to track the exercise needs of their pets, but also to know whether their pets are…
Alex Sherman, from Bloomberg News, reported on the recent move by Sprint Corporation (NYSE:S) to allow its users to test its network for a free trial period of 30 days, compared to T-Mobile US Inc.’s (NYSE:TMUS) trail period offer of seven days with an Apple iPhone 5s. Sherman said that the recent promotional offer by sprint casts its shadow over the expected merger between T-Mobile US Inc.’s (NYSE:TMUS) and Sprint Corporation (NYSE:S). “[…] You wonder if regulators are looking at a deal down the road and they are seeing the no. 3 and the no. 4 company competing like this…
After several months spent in trying to be acquired by Yahoo! Inc. (NASDAQ:YHOO), Aviate, an Android launcher that allows users to better customize their home screens, among other features, has finally hit the stores. The app finally launched with a new look and name, ‘Yahoo Aviate.’ Paul Montoy-Wilson, Product Manager for Aviate Yahoo and co-founder was on CNBC to provide a sneak preview of the app. Yahoo Aviate according to Montoy-Wilson adds new smarts to a smartphone while also making it simpler. The launcher completely replaces the Home Screen and instead of having pages of apps, it automatically organizes them. Yahoo…
As the decision on the legal battle between the broadcast networks like CBS Corporation (NYSE:CBS) and Aero draws near, there is a lingering question whether the existing model of broadcast television could change? Before that, it would be necessary to understand the model established by the broadcast networks that now stands questioned by Aereo. The Root Of Case Several years ago, CBS Corporation (NYSE:CBS) and others had entered into an agreement with the cable companies to allow the latter to distribute its content. Through this arrangement, broadcast networks derived billions of dollars of revenues every year. But, two years ago,…
Microsoft Corporation (NASDAQ:MSFT) seems to be struggling with the sale of Surface Pro 3 tablet, as the company is running a promotion that allows MacBook Air Owners to trade in their devices for up to $650 in store credit. Polygon C-Founder Russ Frushtick in an interview on Fox business news believes all is not well in terms of sales for the Surface tablet Pro 3. Mr. Frushtick said: “I think it is a very good deal for them in a PR perspective, I think that it’s like a smart idea to get promotion for their products, I wouldn’t take that deal personally.”…
Apple Inc. (NASDAQ:AAPL) received a much needed support on its upcoming flagship product iPhone 6 from Zillow Inc. (NASDAQ:Z) CEO, Spencer Rascoff, on an interview on CNBC. The bugging enigma that Apple Inc. (NASDAQ:AAPL) looks set to grapple with, is the new phone’s screen size. Apple will have to address the needs of people who want a phone they can perfectly hold in their hands and those in need of a bigger screen size. Joining the two into one according to the panelist will surely be a dilemma for the giant phone maker. Asked about how Zillow Inc. (NASDAQ:Z) is…
Solar panel producer, SunPower Corporation (NASDAQ:SPWR) has teamed up with homeconstructor, KB Home (NYSE:KBH) for its new project, which will allow homeowners to save and store solar energy that can be used anytime and could be a big energy cost saver. SunPower Corporation (NASDAQ:SPWR) plans to attach battery-storage technology to its solar panel systems, which will let the KB Home (NYSE:KBH) developed homes to harness solar energy during the day which could be used during the night. The company’s Chairman, President and CEO, Tom Werner discussed during a CNBC interview about how they plan to execute their solar energy storage…
Google Inc. (NASDAQ:GOOG)’s Nest Labs plan to acquire Dropcam Inc. for $555 million continues to elicit mixed reviews with CNBC’s “Closing Bell” discussing this move. Most of the analysts consider that the move is one of the best, but caution should be taken, especially when dealing with privacy related matters. Ben Parr, the co-founder and managing partner of Dominate Fund, in the conversation mentioned issues related to the privacy of users of Dropcam, he said:“while Dropcam itself might be a good business for them, if they make missteps or they violate people’s privacy, it will be a big issue”. Dropcam continues to be…