Amazon.com, Inc. (NASDAQ:AMZN) has made a clear strategy of expanding into multiple business, which could yield them revenues through multiple channels. They recently launched their mobile wallet app, Amazon Wallet, in addition to their venture into the Smartphone sector through their Amazon Fire phone. They are planning to get into the payment business by launching their newer and cheaper mobile card reader. Carl Quintanilla reported on CNBC about this and the ‘Squawk Alley’ team provided more insights into the Amazon’s new venture. Quintanilla said that Amazon.com, Inc. (NASDAQ:AMZN) might roll out their new mobile card reader in a few weeks to…
Author: Varsha Khatri
Dollar Tree, Inc. (NASDAQ:DLTR) has agreed to buy Family Dollar Stores, Inc. (NYSE:FDO) for $8.5 billion. Another company, Dollar General Corp. (NYSE:DG), has been the industry leader for quite some time and was initially in line to acquire Family Dollar Stores. Analysts have placed their bets on Dollar General Corp. (NYSE:DG) acquiring Family Dollar, as both companies are alike in many ways. Charles Grom, Sterne Agee managing director, talked on CNBC about the acquisition and Dollar General’s stand on it. Grom said that he is not expecting Dollar General joining the race again to acquire Family dollar with higher bid. He…
Apple Inc (NASDAQ:AAPL) acquired Beats Electronics LLC in a deal worth $3 billion earlier in May. Through this acquisition, the Beats’ product line might be offered in more countries through Apple online stores, Apple retail stores and Apple authorized resellers. Meanwhile, Bose Corporation has filed a patent-infringement lawsuit against Beats Electronics to block US imports of Beats noise-cancelling headphones. Josh Lipton has talked on CNBC about this development. Lipton reported that Bose Corporation has filed a lawsuit against Beats electronics over patent infringement. He added that Bose Corporation claimed the patent infringement by Beats electronics for their noise cancelling headphones. He also said that…
Apple Inc (NASDAQ:AAPL) was granted a patent related to a smart watch earlier this week. There is some speculation floating among investors and consumers that Apple is coming up with their brand new ‘iWatch’ later this year, but there was no official statement from the company. The granted patent fuels the speculations further about the Apple’s smartwatch release. The patent application for ‘iTime’ was filed by the Apple Inc (NASDAQ:AAPL) back in 2011. There are several claims about this patent that could place their product in a different league, compared to the competitors. Fox Business Network’s Lauren Simonetti talked on Fox…
Amazon.com, Inc. (NASDAQ:AMZN) missed the analysts expectation for a second straight quarter, which is testing the patience of the investors. The company reported a loss of $126 million for the quarter, which was more than double the predictions. The company sales increased by 23% to $19.3 billion, but, on the other hand, expenses also have increased by 24% to $19.4 billion. Amazon.com, Inc. (NASDAQ:AMZN)’s profits were dragged down by the investments that they made in the Cloud computing, warehouses and gadgets like the new Fire Phone. Investors held on to Amazon, hoping that all these projects would fetch long-term benefit,…
The Federal Aviation Administration (FAA) prohibited the US airlines from flying in and out of the Israel’s Tel Aviv Ben Gurion International Airport. This ban was imposed in the wake of rocket attack from the Gaza Strip, which struck a mile away from Israel’s main airport. Rocket attacks are mainly due to the escalating violence between Israel and Islamist groups in the Gaza Strip. Stratasys, Ltd. (NASDAQ:SSYS) has one of their Corporate Headquarters in Rehovat, Israel. The other one is in Minnesota, United States. David Reis, the CEO of Stratasys talked on CNBC about the impact of the situation in…
Facebook Inc (NASDAQ:FB) reported their second quarter results, which beat the analysts’ estimates in terms of revenue and earnings per share. The average number of daily active users in June, 2014 was 829 million, which represents an increase by 19% year-over-year. They reported second quarter revenue of $2.91 billion, which went up by 61% compared to second quarter of 2013. Brian Nowak, Senior analyst at Susquehanna Financial talked on Bloomberg TV about Facebook’s second quarter results and their growing ad dollar base. Big number for Facebook Inc (NASDAQ:FB) is the adjusted EBITDA margin, which increased by 68% from second quarter…
Apple Inc. (NASDAQ:AAPL) is preparing for the launch of its large-screen iPhone 6 hoping that it would lure the customers attracted to similar smartphones from Samsung and others. Samsung had already made their mark in large screen smartphone segment with their latest Galaxy models. Currently, Apple iPhone models have screen size of 4-inch. Apple is planning to launch their new large screen iPhone with 4.7-inch and 5.5-inch screens. But, 5.5-inch screen iPhone is facing a roadblock due to manufacturing constraints. Accent Asset Management CEO, Scott Martin, Independent Women’s Forum’s Hadley Heath Manning and National Republican Fundraiser, Noelie Nikpour talked on…
After producing a long line of Kindle e-book readers and tablets, Amazon.com, Inc. (NASDAQ:AMZN) is all set to make their debut in the Smartphone market. It is not easy to succeed in the Smartphone industry, even for an established company like Amazon. To compete against Apple Inc. (NASDAQ:AAPL) and Samsung smartphones, Amazon need to bring in that ‘wow’ factor to their product. Walt Mossberg, Re/Code Co-Executive Officer talked on CNBC about his views on Amazon’s brand new smartphone. Mossberg feels that there is space for new competitors in the smartphone market, especially in the premium segment, where more profits are…
Netflix, Inc. (NASDAQ:NFLX) second quarter earnings were in line with the company’s forecasts. They surpassed 50 million subscribers with approximately 37 million in the US and 13 million outside the US. They are considered to be matured in the US market by many analysts, but they are still evolving globally and with more expansion in other markets they could easily become the next big thing. CNBC’s Julia Boorstin reported on the international expansion plans of Netflix, Inc. (NASDAQ:NFLX). Boorstin said that Netflix, Inc. (NASDAQ:NFLX)’s expansion into other countries, including France and Germany might happen in September. They had significant subscriber…
Telecom Sector is expected to undergo unprecedented growth in the years to come. Companies in the telecom sector look to capitalize on these growth opportunities. Verizon Communication Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T) are currently the market leaders in this segment. CNBC’s Morgan Brennan reported on the Telecom Sector’s quarter results and performance of companies from it. Brennan said that Telecom sector is underperforming the S&P and grew by just 4.5% since the beginning of this year. She pointed out at Barclays analyst, Amir Rozwadowski’s comments that the telecom industry is trading at largest valuation discount compared to the broader market in…
Apple Inc. (NASDAQ:AAPL) had beaten the street’s expectation for 5 consecutive quarters and expected to do so in the quarter that ended as well. iPhone always remains as the biggest contributor to Apple, contributing to 57% of company’s total revenue in the first half of the year. iPad contributes to 18% of Apple’s total revenue. Apple Inc. (NASDAQ:AAPL) stock keeps soaring up and has increased by approximately 17% in the last quarter. Many Analysts doubt that if this would continue and some feel that the products in the queue would make sure that it will continue to increase. Jennifer Schonberger…