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Google Beats Market Expectation In Q4 But Shares Dip On Increased Expenditure

Market and analysts’ expectations in terms of both revenues and profits were exceeded by Google parent Alphabet for the fourth quarter but despite this, the company saw its shares drop by as much as 3 per cent because of concerns among investors of higher spending by the tech giant.  ...

Holiday Quarter Sale Revenue Of Apple Drops By 15 Per Cent

The revenues of smartphone maker Apple Inc dropped by 5 per cent year on year in the first quarter of fiscal 2019 – which also includes the holiday shopping seasons of 2018. The company reported revenues of $84.3 billion and quarterly earnings per share of $4.18.   “Revenue from iPhone...

Snapchat Considering Making Snaps Permanent: Reuters

Snap Inc is contemplating bringing in a huge change in the one feature in its social media platform the Snapchat app. According to a report published by Reuters, Snapchat, where user’s photos and videos disappear after a small period of time, would not have such photos and videos which remain...

Huawei Officially Charged With Technology Theft And Sanctions Violations By US

Tensions between the United States and China is likely to be ratcheted and the forthcoming trade negotiations between the two largest economies of the world is likely to be impacted by sweeping charges pronounced against the Chinese telecommunications giant Huawei by the US Justice Department....

Saudi Aramco To Invest $1.6 Billion In South Korean Crude Refinery Hyundai Oilbank

South Korea, which is one of the largest importers of crude oil, has been chosen by state-owned Saudi Aramco for an investment of up to $1.6 billion against an almost 20 per cent stake in the Hyundai Oilbank refinery there. This would consequently increase the presence of the Saudi Arabian oil...

US SEC Inquiry On Executive Pay Ongoing Against It, Confirms Nissan

The U.S. Securities and Exchange Commission (SEC) is conducting an inquiry on Japanese car maker Nissan Motor Co Ltd into alleged financial misconduct in executive pay in relation to the ousted Chairman Carlos Ghosn over his alleged financial misconduct, acknowledged Nissan on Monday.  ...

Calls Not To Purchase GM Mexico-Made Cars Given By Canadian Union

The Canadian union representing employees at the Oshawa, Ontario plant of general Motors has urged both Canadian and U.S. consumers not to purchase cars of GM manufactured in Mexico. This is the latest step taken by the union in Canada to force the GM authorities to come to the negotiating table...

MoneyGram Considering Strategic Options Including Sale: Reuters

According to a report by news agency Reuters citing sources, strategic alternative – that also includes the sale of the company, is being considered by MoneyGram International Inc. About a year ago, the company’s plans to sell itself off to a Chinese firm for $1.2 billion was scuttled by the US...

Ford To Focus On Doubling Profits In 2019, Its CEO Tells Employees

There is a process of global restructuring ongoing at the US car maker Ford which includes reorganizing its European operations through cuts as announced by the company recently.   Ford, the second largest auto maker of the US, does not want to accept the "mediocre" results achieved by it in...

Cost Reduction Efforts At Tesla To See It Reducing Man Hours In Making Of Model S & X

It has been a just a few days that United States based electric car maker Tesla announced that it would have to cut jobs to reduce costs of production as the company seeks to find out ways to reduce the price of its Model 3 sedan and make them more affordable. And now the Elon Musk led company has...

Nissan Panel Considers Boardroom Reforms

While the French government is attempting to maintain greater control over Japan’s Nissan motors with respect to the alliance between the Japanese car maker and French auto company Renault, Nissan has initiated imposition of governance reforms by the use of a special panel to discuss how the...

Facebook Faces Record-Setting Fine From Regulators For Privacy Violations

Reports citing sources have suggested that deliberations to hold Facebook responsible for violations of a legally binding agreement with the United States government aimed to ensure security of privacy of its personal data of the users of the social media platform is being undertaken by the US...
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