Microsoft Corporation (NASDAQ:MSFT)’s local office in China were visited by officials from China’s State Administration for Industry and Commerce, which sets business laws in the country. The agency later said in a statement that it was probing “alleged monopoly actions” by Microsoft Corporation (NASDAQ:MSFT), though it didn’t reveal any specific wrongdoings. Microsoft Corporation (NASDAQ:MSFT) has also faced regulatory probes for abuse of its dominant position and breaching antitrust laws in the past in the European Union and other countries. Last year it was fined $732 million by the European Union for failing to honor an antitrust settlement with the regulators.…
Author: Sean Campbell
Apple Inc. (NASDAQ:AAPL) has reinstated Blockchain’s Bitcoin app in its App Store. The company had taken down the app without giving any reasons in February this year. The app helped Blockchain users to view and manage their accounts from any device running on iOS and also to do transactions. It is widely believed that Apple Inc. (NASDAQ:AAPL) had removed the app due to the ambiguous legal status of the Bitcoin. Peter Smith, co-founder & COO, Blockchain has discussed the removal and reinstatement of the app on Apple Inc. (NASDAQ:AAPL)’s App Store and how big companies are now taking Bitcoin seriously on CNBC’s ‘Squawk…
eBay Inc (NASDAQ:EBAY)’s Platform and Infrastructure team, which is responsible for storing and managing Terabytes of logs that are generated every day from thousands of eBay application servers, has recently announced that it has open sourced Oink, which it described as a self-service solution to Apache Pig. The Platform and Infrastructure Team at eBay Inc (NASDAQ:EBAY) uses Apache Pig to analyze large data sets which the company collects on its servers. Apache Pig uses a high-level language for expressing data analysis programs along with the infrastructure required for evaluating these programs. Apart from Pig, the team uses Apache Hadoop, which…
Satya Nadella, the new CEO of Microsoft Corporation (NASDAQ:MSFT) brought a lot of optimism for the company’s shareholder. A testament to this fact is the company’s stock price, which has climbed up by 23% to nearly $45 since his appointment as the CEO, a figure that it last touched in April, 2000. The Economist, recently did a story on the Microsoft’s CEO, titled ‘Cloud Lifting’ which elaborated on how Mr. Nadella’s vision of “mobile-first and cloud-first world” is only working partially for the company as even though the company’s cloud business is growing, the mobile business is dragging the company…
Ever since Google Inc (NASDAQ:GOOGL) came out with its ‘Google Self-Driving Car’ project, the Auto Industry has been taking a keen interest on its developments. Nissan Motor Co., which is considered by some as the leader in technological innovation in the auto industry, it seems, has recently stopped taking much interest in the development of its own driver-less technology. This makes us question if the auto industry is relying on the likes of Google Inc (NASDAQ:GOOGL) for technology innovation. Bloomberg’s contributing Editor Edward Niedermeyer and Bloomberg’s Detroit Bureau Chie, Jeff Green discussed the lack of technological innovation coming from car…
Yahoo! Inc. (NASDAQ:YHOO) has recently announced that it has reached a definitive agreement to acquire the mobile analytics and advertising company Flurry Inc. By acquiring Flurry Inc. Yahoo! Inc. (NASDAQ:YHOO) is looking to strengthen the company’s mobile products division and support useful mobile applications and monetization solutions. Flurry Inc. is a leader in the field of mobile application analytics. Over 170,000 developers in 150 countries around the globe use Flurry platform and insights to optimize and personalize their apps. The analytics platform from the company finds its presence in seven app per device on average. Yahoo! Inc. (NASDAQ:YHOO) believes that by acquiring…
Tesla Motors Inc (NASDAQ:TSLA) has started the delivery of its right hand drive (RHD) Model S in Hong Kong a couple of days ago. The company handed over the keys of eight Model S cars to their owners in an event attended by the brand’s customers and enthusiasts at Hong Kong’s Kai Tak Cruise Terminal. Among the new Model S owners is a Hong Kong movie star, Alex Fong. Tesla Motors Inc (NASDAQ:TSLA) started the worldwide delivery of RHD Model S in U.K. on June 7, where the company’s CEO, Elon Musk, delivered the five RHD Model S to customers himself.…
Microsoft Corporation (NASDAQ:MSFT) declared its fourth quarter results on July 22. The company’s revenue for the quarter amounted to $23.38 billion, compared to $19.9 billion it posted for the same quarter, last year. The earnings per share declined to $0.55, from $0.59 it posted last year. The most important thing to note in the results was the impact on earnings and revenue from Nokia Corporation (ADR) (NYSE:NOK)’s phone business that Microsoft acquired, which the company reported for the first time. Instead of adding up to the company’s EPS, which most analysts on the Street were expecting, the phone business shaved off…
Ever since Amazon.com, Inc. (NASDAQ:AMZN) came out with its second quarter results, the talk among the investor community has shifted to whether the company will ever post a profit. The third quarter guidance from Amazon.com, Inc. (NASDAQ:AMZN) doesn’t seem to help, as the company is gearing up for posting an even larger loss. Kara Swisher, co-executive director of Re/Code discussed the spending spree by Amazon.com, Inc. (NASDAQ:AMZN) and its second quarter loss on CNBC’s ‘Squawk Alley’. “I think this is Jeff Bezos doing what he has done forever, since he started that company and so its interesting that they keep…
Facebook Inc (NASDAQ:FB) has impressed the street so much with its second quarter results that everyone is expecting whatever the Company is touching, including e-commerce, to turn into gold. The company announced revenues of $2.91 billion, up by 61% from the previous year, backed by the advertising revenue it generated from its mobile platform. Facebook Inc (NASDAQ:FB) has recently started tests for its ‘Buy Button’ though it’s currently restricted to certain small and medium sized businesses in the U.S. Meanwhile tweets showing the ‘buy now’ button from Twitter Inc (NASDAQ:TWTR) also started appearing in the tweets by the online retailer,…
Apple Inc. (NASDAQ:AAPL) came out with its second quarter results on July 22, in which it reported to have sold 35.2 million iPhones, up 13% year-over-year, while only 13.3 million iPads were sold in the same period, down 9% year-over-year. With iPhone 6 launch date approaching fast, Wall Street Journal reporters Joanna Stern and Doug MacMillan were seen discussing the phone and the outlook for Apple Inc. (NASDAQ:AAPL) on Fox Business News program, ‘Silicon Alley’. Mr. McMillan considers iPhone to be the major growth driver for Apple Inc. (NASDAQ:AAPL) in the ‘post-PC’ era instead of the iPad which, according to…
Amazon.com, Inc. (NASDAQ:AMZN) came out with worse than expected second quarter results yesterday. The stock traded down heavily during the aftermarket hours and opened today at $317.18, down more than 10%. Ron Josey, Senior Technical Analyst at JMP Securities, discussed the company’s results and how Amazon.com, Inc. (NASDAQ:AMZN)’s plans for expansions are affecting its profitability, on CNBC’s ‘Earning Central’ program. “The quarter wasn’t too bad, I think the concern and the reason the stock was down so much in the aftermarket is two things. One, AWS given pricing, AWS growth on a revenue basis slowed down pretty dramatically, but then almost…