Result Page 245 for Archives

Samsung Electronics considering share buybacks: Korea Economic Daily

Samsung Electronics Co Ltd considers buying back its own shares as a strategy by the South Korean conglomerate Samsung Group to boost shareholder value.

Oct 23, 2015 6:39 AM EDT

News

Early Christmas: Greece to get first €3B of aid package

The Greece government is poised to receive the €3-billion aid installment of €86-billion bailout package. The European Economics Commissioner Pierre Moscovici made an announcement to this effect. The European commission will deal with the recapitalization of banks and Greece's debt in November or December.

News

Nasdaq clocks 12% rise in profit on high trading volume

Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.

World

Brazil keeps interest rates unchanged at 14.25%

Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.

Misfit launched Shine 2: Smarter and thinner fitness and sleep tracker

Misfit has launched its second generation of activity and sleep tracker, Shine 2. The device offers new smart features and elegant thinner design, yet more affordable on price.

Oct 23, 2015 6:26 AM EDT

Intel to convert processor plant in China into memory chips factory

Intel is shifting its focus toward memory technology as demand for its core processors declines. The company says it will spend as much as $5.5 billion over the next few years to shift production in its China plant from processor chips to memory chips.

Oct 23, 2015 6:24 AM EDT

U.S. cities with highest rental rate increase

Rents are increasingly higher in the South and Pacific compared to the cities located in the Northeast and Midwest. California and Florida are two cities among with the highest rent hike.

Oct 23, 2015 4:07 AM EDT

Abbey Road Studios is entering the tech industry

Abbey Road Studios announces a new initiative by the company to become an incubator for music related tech starup. Currently there are few startup under the companies and more startup is expected to join soon.

Oct 23, 2015 3:54 AM EDT

Amazon to increase workforce for the holiday seasons

Holiday season is fast approaching prompting every store, online or not to accommodate customer demand on sales and customer service.

Oct 23, 2015 2:49 AM EDT

Alphabet reports an increase in revenue and announces shares buyback plan

Alphabet Inc, parent company for Google announces that the company third0quarter revenue increases by 13 percent. The company also announces shares buybcak plan of up to $5.09 billion.

Oct 23, 2015 2:38 AM EDT

Australia further delays $70-bn Shell's acquisition plan of BG

Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .

Oct 23, 2015 2:23 AM EDT

Drop in China sales hits Hyundai's profit

Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.

Oct 23, 2015 2:16 AM EDT