Pandora Sees Share Price Slump Over Apple, Music Competition
Oct 24, 2015 05:46 am UTC| Business
Online radio service Pandora saw its value decline 36 percent on Friday after it released its third quarter results. TechCrunch said the company posted an USD86 million loss. Although it had met market estimates, the...
Microsoft, Amazon Lead Tech Rally In Wall Street, Pushes S&P 500, Dow Jones Up
Oct 24, 2015 02:55 am UTC| Business
Wall Street saw a rally of tech stocks before the weekend, thanks to the positive earnings reports major tech companies revealed. Reuters said the earnings reports had surpassed analysts expectations, which resulted to SP...
Raf Simons To Leave Luxury Goods Group’s Christian Dior
Oct 22, 2015 17:58 pm UTC| Business
This Wednesday morning, fans of luxury fashion brand Christian Dior and the rest of the world have been notified of Creative Director Raf Simons departure. The designer, according to his statement, cites personal reasons...
Nasdaq OKs SecondMarket Acquisition, Aims To Be A Pre-IPO Startup Stock Market
Oct 22, 2015 17:45 pm UTC| Business
On Thursday, New York-based Nasdaq announced that it has bought SecondMarket Solutions Inc, a company that facilitates liquidity for startups. The acquisition was done through the companys subsidiary, the Nasdaq Private...
McDonald’s Beats Analysts’ Estimates In Third Quarter Results
Oct 22, 2015 15:26 pm UTC| Business
McDonalds CEO Steve Easterbrook is surely beloved by the restaurant chains investors now. Reuters reports that the company has posted significant increase in its net income by USD1.3 billion or USD1.40 per share in the...
Tesla Owners Ignore CEO Musk’s Advice On Autopilot
Oct 22, 2015 11:57 am UTC| Technology Business
When Tesla rolled out its new software last week that enables autopilot feature, it urged drivers to exercisecautionwith the self-driving features and clearly described it as beta version. Despite the warnings, excited...
General Motors Announces Alliance With LG, To Challenge Tesla Motors
Oct 21, 2015 19:01 pm UTC| Business
Is there a new player in the electric automobile industry? It appears so, if we based it on General Motors announcement of its strategic alliance with Korean company LG on Tuesday. According to ValueWalk, the veteran...
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