Keris Alison Lahiff of TheStreet bestowed the title “TheStreet’s Move of the Day” on Avago Technologies Ltd (NASDAQ:AVGO). The company’s semiconductor devices have a bright future with significant growth prospects in terms of revenues, since one of the firm’s largest customers is Apple Inc. (NASDAQ:AAPL). The company beat the analyst’s expectations for its third quarter earnings as its Earnings per Share (EPS) $1.26 were $0.20 higher than what the analysts predicted. This represents an increase from a $0.74 EPS seen in the same quarter last year. Furthermore, the revenues climbed 84% Year on Year to $1,2 billion. This consequently lead to the stock gaining…
Author: Daniel Curran
Quick dispute resolution between Orbitz Worldwide, Inc. (NYSE:OWW) and American Airlines Group Inc (NASDAQ:AAL) has set the former’s shares rise a nearly 3%, reported CNBC’s Susan Li. The dispute was about the booking fees or in other words the amount Orbitz Worldwide, Inc. (NYSE:OWW) charges American Airlines to list and sell its flights. It is very important for American Airlines Group Inc (NASDAQ:AAL) to stay competitive and at the same time remain profitable and it seems that Orbitz Worldwide, Inc. (NYSE:OWW) wasn’t exactly being helpful in achieving the right balance. “Orbitz.com actually physically removed their booking access in American Airlines Group Inc. (Nasdaq:AAL)…
Amazon.com Inc. (NASDAQ:AMZN) in a press release announced the launch of its third pilot season. It presents three half-an-hour comedy series and two one hour drama shows. The Cosmopolitans, Really, and Red Oaks are names of the comic broadcasts, Hand of God and Hysteria are categorized as dramatic thrillers and they complete the list of five pilot series. Among the actors staring in the shows are Selma Blair, Adam Brody, Sarah Chalke, Dana Delany, Ron Perlman, Paul Reiser, Chloë Sevigny and Mena Suvari. During their pilot season Amazon.com Inc. (NASDAQ:AMZN) gives its customers the possibility to provide feedback regarding the productions and the publicly acclaimed ones will be transformed into Amazon…
An interview with Jim Jefferies on CNBC informs that we can watch him on Netflix, Inc. (NASDAQ:NFLX) whenever we find it convenient. There is no more need to follow up the TV schedule or to calculate the time difference between the coasts. It seems a very convenient alternative to the traditional form of broadcasting shows. “[…] Every other comedy special I’ve done is run to like 54 – 56 minutes, because it has to go within an hour and has to have an ad brake before and an ad break after. This one with Netflix, I think, goes like 72…
Mr. Cesar Cernuda, Microsoft Corporation (NASDAQ:MSFT)’s Asia-Pacific President, was interviewed by Haslinda Amin on Bloomberg TV. The main subject was the fresh release of the company’s new Surface Pro 3 tablet. A 12-inch display, a promised nine hours of battery life and a fourth generation Intel Processor (i3, i5, i7) combine to give us the new hybrid laptop-tablet. This device intends to ease the process of working in the office and at home, also it might ease a bit the burden on one’s shoulders due to its relative light weight of 1.76 lbs/800 grams. “[…] We just finished a study of 3,000…
Self-proclaimed as the world’s most versatile camera, GoPro Inc (NASDAQ:GPRO), is promising to capture the most interesting moments during the holiday season. According to an interview on CNBC with Charlie Anderson, Dougherty & Co. Senior Analyst, the camera is not available in many stores, but the few that have it cannot be disappointed. “[…] My guess is that is one of the hottest categories. If you took your whole Best Buy store and you looked at what’s growing 20, 30, 40%, this would be one of the few that are. Thus I would imagine that a good majority of retailers…
According to an interview on CNBC with Patrick P. Gelsinger, the CEO of VMware Inc. (NYSE:VMW), a company specialized in developing cloud and virtualization software and services, his company has increased its total addressable market estimate to about $16 billion by 2017 and announced a series of new products. However, it brought the announcement of halting guidance for 2016 and 2017. “We didn’t take down guidance. […] We created a framework for how to think about 15 [2015] and we heard from a number of analysts that we had given multi-year guidance and that wasn’t consistent with how other companies provided…
One of the initial partners of Apple Inc. (NASDAQ:AAPL)’s HomeKit certification program was August Smart Lock, an electronic lock that provides keyless entry into the home. August recently started the shipment of a limited amount of devices to selected customers that placed orders on the company’s website and have been patiently waiting since, as re/code said in an article. In the certification process, which is supposed to ensure that any connected home device will be compatible with Apple Inc. (NASDAQ:AAPL) operating system, participated companies like Philips, which chose to present Hue Lux light bulb, and Honeywell, a thermostat producer. The…
After Apple Inc. (NASDAQ:AAPL)’s ongoing high-profile legal action against Samsung, now Microsoft Corporation (NASDAQ:MSFT) has just brought a patent dispute lawsuit against the South Korean corporation, according to a report by Ina Fried of Re/code. The outcome of the patent dispute could have implications for both revenue stream Microsoft Corporation (NASDAQ:MSFT) is now receiving for royalties not just from Samsung but also from the other Android manufacturers, as well as for the positioning of the Windows Phone as the more economical alternative to Android. When Microsoft Corporation (NASDAQ:MSFT) signed patent license agreement with ten Android device manufacturers, including Samsung, in…
Labor and employment law attorney Paul Millus in an interview on Fox Business said that McDonald’s Corporation (NYSE:MCD) and its franchisees are jointly liable for labor and wage violations according to the National Labor Relations Board. Millus said that there were two aspects to this law, which could potentially spell doom for the parent companies which will now be liable for franchisee infractions. “First, this is just a preliminary decision about whether the complaints go forward.” The unions wish for the parent company – McDonald’s Corporation (NYSE:MCD) – to be responsible, while McDonald’s Corporation (NYSE:MCD) does not. It comes back to the…
Colin Rusch, senior analyst at Northland Capital Markets, during an interview with Betty Liu on Bloomberg’s “In The Loop,” hypothesized about possible locations for the Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory, which he believes could be in Reno, given the labor force available, inexpensive housing resources that would allow Tesla Motors to build this plant with relatively low costs, and the comparatively small distance to Fremont, where its car production site is located. He also laid out what he thinks are the growth opportunities available to the company and the reasons why Tesla Motors Inc (NASDAQ:TSLA) is doing so well. He said that…
Allergan, Inc. (NYSE:AGN) has filed a case to sue Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and Bill Ackman’s fund, Pershing Square, in federal court in the district of California accusing Valeant Pharmaceuticals Intl Inc (NYSE:VRX) of an insider trading scheme involving Pershing Square. In a report on Bloomberg’s Market Makers, Scarlet Fu reported on this development, adding that allegations of fraudulent practices and the failure to disclose legally required information was also leveled against Valeant Pharmaceuticals Intl Inc (NYSE:VRX) by Allergan, Inc. (NYSE:AGN). This has led to a slight decrease in stock prices for both companies. Allergan’s accusations refer to the fact…