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Strong Revival in iPhone Sales Helps Apple Defy Wall Street

Boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus and beating out rival Samsung in units shipped for the holiday quarter, Apple Inc reclaimed the throne as the world's top smartphone seller for the first time in five years on Tuesday.   Sending Apple Inc.’s...

French gift box leader Wonderbox to take on the world

The French leader Wonderbox, specialized in gift boxes has established itself as the main provider in its home country of France. After several years of consolidation, it's turning its sights on neighboring countries and the world. It is now the leader in all of the markets it plays in, save Italy...

For Serious Anti-Money Laundering Control Failings, British Regulator FCA Fines $204 Million on Deutsche Bank

For practicing inadequate anti-money laundering controls, a new $204 million fine has been imposed on the German lender Deutsche Bank.   Between January 2012 and December 2015, Deutsche Bank exposed the U.K.'s financial system to the risks of financial crime, the British regulator...

Plans to Hire 10,000 Refugees After Trump Ban Announced by Starbucks CEO Schultz

As Global coffee giant Starbucks assured it will continue to nurture the human spirit and vowed to not “stand silent” in the face of US President Donald Trump’s order to ban people from seven Muslim-majority nations the company has said it will hire 10,000 refugees over next five years.   “I...

Alarm Over Trump Immigration Order Sounded by U.S. Tech Leaders

With some leaders calling it immoral and un-American, President Donald Trump's sudden executive order on immigration has drawn sharp criticism from the U.S. technology industry, a major employer of foreign workers, which hit back on Saturday at Trump's policy.   In a move that caught many...

Amazon Threatens Apple Strategy in 'Smart Home' Race

Coming close to delivering on the elusive promise of easy-to-use technology that can control gadgets in the home with a few spoken words are Amazon's combination of the Echo speaker system and the Alexa voice-controlled digital assistant in less than a year.   Despite that, battle for...

Intel's Fourth Quarter Revenue and Profit Uptick Driven by Data Center Growth

Driven by a stabilizing PC market and growth in its data center business, which offers cloud-based software services, Intel Corp reported better-than-expected quarterly revenue and profit.   While revenue from the traditional PC business of the company rose 4.3 percent to reach $9.13...

This Non American Car Maker would Benefit from TPP’s Demise

U.S. President Donald Trump has touted as the ushering in of a golden age for U.S. companies long hobbled by unfair trade deals his move to scrap the Trans-Pacific Partnership (TPP).   However this move has resulted in benefits for an unlikely beneficiary – Hyundai Motor.   Daiwa...

Ratio of Software Revenue to Get a Boost at Cisco by AppDynamics Deal

Cisco Systems Inc has been struggling to build its software business as is evident from the company financial reports and internal documents and hence the company’s decision to acquire software startup AppDynamics for $3.7 billion, nearly double the private-market valuation, reflects those...

$70 Million Raised by SentinelOne, a Cybersecurity Start-up Backed by Ashton Kutcher

$70 million has been raised from a number of high-profile investors including actor Ashton Kutcher's investment fund by SentinelOne, a cybersecurity company that detects suspicious behavior of devices in an organization.   The so-called "endpoint security" which refers to the many devices...

In Just Ten Minutes, Xiaomi Sold 250,000 Redmi Note 4 Smartphones in India

Labeling a ten minute sale as the "biggest smartphone sale in the history" of India, Chinese electronics maker Xiaomi claims to have sold 250,000 of its Redmi Note 4 handsets in 10 minutes in the country – one of the fastest growing markets for smarphones in the world.   After it faced a...

Cisco’s Growth Push Convinces in to Agree to Buy AppDynamics for $3.7 Billion

In an effort to to find out ways and means to gain avenues of growth beyond its core networking business, Cisco Systems Inc has announced its largest deals of recent years  - as the company has agreed to buy out U.S. business software company AppDynamics Inc for about $3.7 billion.   In...
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