Amazon.com, Inc. (NASDAQ:AMZN) has released the In-App Purchasing (IAP) quite some time back and since then it allows the user to purchase items within free or paid app. IAP uses 1-Click settings to purchase the apps in Amazon App store for Android. FTC alleges that Amazon.com, Inc. (NASDAQ:AMZN) had unlawfully billed parents in millions of dollars by allowing children to purchase the Apps without parental consent. FTC has filed a suit seeking a refund to consumers for unauthorized charges and permanently banning company from billing the parents and other account holders for in-app charges without their consent. Amazon.com, Inc. (NASDAQ:AMZN)…
Author: Viki K.
Lockheed Martin Corporation (NYSE:LMT) is an aerospace and security company which operates globally and engages in R&D, Design, manufacturing of technology. Principal customers of the company are agencies of the US Government. F35’s first hit the sky in 2006 and since then many variants have come. Lockheed Martin is currently working on fifth generation F35 and targeting a cost reduction. CNBC’s Jane Wells reports regarding the aerospace giant’s announcement and the risk that they are carrying with them. Wells said that everyone is waiting to see if Lockheed Martin Corporation (NYSE:LMT) will debut their F35 at the Farnborough Air show…
Most of the leading banks failed predicting the Soccer World Cup 2014 results and Deutsche Bank AG (USA)(NYSE:DB) is one of them. Its predictions didn’t work at all. The bank predicted that Brazil would emerge as winner which didn’t happen. Daniel Schäfer of Financial Times was on CNBC last night and he discussed about the predictions made by various banks in detail including Deutsche Bank AG (USA)(NYSE:DB). According to him, Macquarie Group Ltd (ADR) (OTCMKTS:MQBKY), Australian bank was among the few that got the predictions correct to an extent while most of the banks failed. Macquarie predicted Germany to be…
Silver Wheaton Corp. (USA) (NYSE:SLW) and PNC Financial Services Group Inc (NYSE:PNC) seem to be favorites of analysts because of various reasons. These companies have not been performing very well on the market recently and analysts feel that they might give good returns on a longer term. Shane Siederman of Bay Ridge Financial Group and Mark Luschini, Janney Capital Management, were on CNBC yesterday and they discussed about their stock picks and also explained why they chose those particular stocks. Siederman was actually backing inflation factor and he thinks that it would increase the prices of silver too. So he…
Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) are leading the app market and other players also contribute to this. CNBC’s Josh Lipton discussed how app economy has grown over the years and it impact on the revenue for a lot of small companies. He said that the total app sales globally have grown to $30 billion and analysts expect the total to be $100 billion by 2020. “The global app economy is actually now equal to GDP of some small countries.” Lipton said. He said that that most of the revenue comes from the stores of Google Inc (NASDAQ:GOOGL) and…
Netflix, Inc. (NASDAQ:NFLX) has become a very popular medium of entertainment all around the US and its gaining ground in the international market as well. It has got nods at EMMY nominations. The number of nominations this year increased a lot along with the original shows it added to its arsenal. Jed Kleckner, CEO of Delivery.com was on Bloomberg along with Scarlet Fu and they discussed about the nods Netflix, Inc. (NASDAQ:NFLX) has got in the EMMY this year. It has got 5 nominations in the highly recognized categories such as comedy and drama. Kevin Spacey and Robin Wright have…
Biotech stocks such as Biogen Idec Inc (NASDAQ:BIIB), Regeneron Pharmaceuticals Inc (NASDAQ:REGN), Gilead Sciences, Inc. (NASDAQ:GILD) and Celgene Corporation (NASDAQ:CELG) seem to be among the favorites of Jim Cramer. He discussed these stocks in the recent edition of “Mad Money” of CNBC and he explained what might push these stocks ahead in the second half of the year. He said that though the stocks had strong fundamentals and terrific growth stories, it didn’t stop their stocks from getting slammed on the market. However these stocks have rebounded in the past couple of months. Stocks such as Gilead Sciences, Inc. (NASDAQ:GILD),…
The Wendy’s Co (NASDAQ:WEN) is a restaurant company operating in the hamburger-sandwich segment. They engage in operating and franchising a network of distinctive quick-service restaurants. Wendy’s CEO, Emil Brolick, talked in an interview on CNBC regarding the new mobile app release and benefits of using this app to customers and also the company. The mobile app launched by The Wendy’s Co (NASDAQ:WEN) is designed to do a lot of new things, but the major difference is in the mobile payment option that it provides. Starbucks Corporation (NASDAQ:SBUX) did benefit a lot from this mobile payment options. Howard Schultz, CEO and Chairman of Starbucks…
Citigroup Inc (NYSE:C) had to resolve a US probe into whether it had defrauded billions of dollars’ worth mortgage securities before the financial crisis. In a latest turnaround, Citigroup has accepted to pay $7 billion as mortgage probe settlement. CLSA Analyst, Mike Mayo, talked on CNBC’s Half time report regarding this announcement and his views of its impact on Citigroup stocks. Mayo said that he still has Citigroup Inc (NYSE:C) as his buy option. He accepts the fact that past few days has been painful for Citigroup, but he is confident that Citigroup can handle $7 billion charges as mortgage…
There were days when BlackBerry Ltd (NASDAQ:BBRY) used to rules the market of corporate handheld devices. It then went ahead and innovated by entering the regular consumer market and the phone became a mix of solid performance and entertainment. However the company kept losing market share and never picked up. AOL, Inc. (NYSE:AOL)’s Chairman and CEO, Tim Armstrong was on CNBC recently and he discussed his attachment to the BlackBerry Ltd (NASDAQ:BBRY) phones. He feels that the phone opportunity is quite big and everyone uses phones for a lot different things from watching a video to quickly check something on…
Social media stocks such as LinkedIn Corp (NYSE:LNKD), Facebook Inc (NASDAQ:FB) and Weibo Corp (ADR) (NASDAQ:WB) have not been performing as expected and there has been a dip recently for the bigger social stocks including Twitter Inc (NYSE:TWTR). Gene Munster, Managing Director at Piper Jaffray was on CNBC yesterday and he said that the current movement in these social stocks has two reasons. The first reason is that these stocks such as LinkedIn Corp (NYSE:LNKD) and Facebook Inc (NASDAQ:FB) are high beta and high valuation stocks so when the market gets tense, it becomes harder for these stocks to perform.…
Bed Bath & Beyond Inc. (NASDAQ:BBBY) has peaked on July 3rd and since then it has been around the $59 mark though there have been slight movements. FMHR traders Jon Najarian and Josh Brown were having a Bulls Vs. Bears debate on CNBC about Bed Bath & Beyond Inc. (NASDAQ:BBBY). Najarian was bullish on the stock and he kicked off the debate with the buyback announcement by the company which helped the stock. Bed Bath & Beyond Inc. (NASDAQ:BBBY) announced $2 billion share buyback in addition to what the company has already been doing. He thinks this is a main…