San Francisco | July 30, 2014 07:55 (IST)
Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
July 29, 2014 08:29 (IST)
Investment banks across Wall Street have tried to ease schedules of junior bankers. Institutions such as Bank of America Corp have outlined measures to ensure that analysts and associates are recommended to take a minimum of four weekend days off per month.
San Francisco | July 25, 2014 07:57 (IST)
Amazon reported a net loss of $126 million, or 27 cents per share in the second quarter, compared to a loss of $7 million, or 2 cents a share a year earlier. Total operating expenses rose 24 per cent to $19.36 billion.
July 15, 2014 10:34 (IST)
As Chinese e-commerce giant Alibaba expands beyond online retail, it is shaking up staid state banks -- and drawing regulators' attentions -- after 100 million customers poured more than $90 billion into its investment product.
Taipei | July 03, 2014 19:53 (IST)
Shares of HTC ended up 0.4 per cent ahead of the earnings release, in line with a rise in the benchmark index.
London | June 16, 2014 16:13 (IST)
Vodafone said it would offer 1.49 euros a share to buy out the shareholders in the Italian group. Cobra's majority shareholder Intek Group said in a statement it had agreed to tender its 51.4 per cent stake in Cobra for 74.3 million euros.
London | May 15, 2014 16:26 (IST)
The London-listed group, dragged into India's tax crackdown on foreign companies in January, also announced on Thursday that the financial damage resulting from the tax authorities' freeze on its $1.1 billion of Indian assets will be assessed by the company in August.
May 15, 2014 13:08 (IST)
Vedanta's stock fell as much as 4.5 per cent to 941 pence in early trading on Thursday, making it one of the biggest percentage losers on the FTSE-250 Midcap Index.
Washington | May 14, 2014 22:21 (IST)
Apple and Samsung have been litigating around the world for three years, each accusing the other of infringing patents in making smartphones and other mobile devices. Neither side has scored a crippling sales ban.
Tokyo | May 09, 2014 10:30 (IST)
Japanese automakers have been big winners over the past year as a sharp drop in the yen inflated their repatriated profits, with results accelerating on the back of stronger demand in key markets including the US and China.
San Francisco | May 01, 2014 07:34 (IST)
Facebook generates the bulk of its revenue from ads that appear on its own Web pages and within its own mobile app. By distributing ads across a constellation of independent mobile apps, Facebook effectively expands its advertising space, opening the door to more revenue.
April 24, 2014 10:28 (IST)
Buffett said he and partner Charlie Munger did not want to vote against the plan because he did not want to show disapproval of management, adding that he has enormous respect for Coca-Cola's chief executive, Muhtar Kent.
April 18, 2014 07:40 (IST)
In 2009, John Mack, then chief executive of Morgan Stanley, agreed to buy Citigroup's Smith Barney retail brokerage business over time, a deal that closed in the middle of 2013. With that purchase, about half of Morgan Stanley's annual revenue comes from wealth and investment management, which tends to fluctuate less than trading revenue.
San Francisco | April 17, 2014 07:37 (IST)
Google's core Internet business revenue climbed 19 per cent to $15.42 billion in the first quarter from $12.95 billion in the year-ago period.
New York | April 10, 2014 07:24 (IST)
Canada's BlackBerry, which has lost most of the smartphone market to Apple Inc's iPhone and gadgets powered by Google Inc's Android operating system, has laid off about 9,500 employees, or more than half its work force over the last three years, as it has rushed to cut costs in the face of mounting losses.
Wellington | April 08, 2014 07:50 (IST)
New Zealand's Steel and Tube ltd is to acquire the local business of Tata Steel, the company said on Tuesday.
April 01, 2014 07:51 (IST)
The company also said on Monday it expects to take a charge of up to $750 million in the first quarter, primarily related to recalls announced in the quarter. This includes a previously disclosed $300 million charge for three recalls announced on March 17, and the ignition switch recall on February 25.
San Francisco | March 28, 2014 07:49 (IST)
Facebook is following in the steps of Google Inc, the world's largest Internet search engine, whose Google X division is working on a variety of so-called "moonshot" projects including self-driving cars and wearable computers.
March 28, 2014 07:39 (IST)
Wal-Mart contends that that the way Visa set swipe fees violated antitrust regulations and generated more than $350 billion for card issuers over the nearly 9-year period in question, in part at the expense of the retailer and customers.
March 27, 2014 08:30 (IST)
S&P has complained that the government sued in retaliation for its 2011 decision to strip the United States of its "triple-A" rating, a downgrade that it said was prompted by concern about Washington's ability to manage the country's debt.