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NetApp results miss estimates; shares fall

(Reuters) – Data storage equipment maker NetApp Inc reported fourth-quarter results below analysts’ estimates, hurt by lower sales to original equipment manufacturers, sending its shares down more than 10 percent in extended trading. Source
Posted On 21 May 2015

Canadian software maker Shopify valued at $1.27 billion at IPO price

(Reuters) – Canadian e-commerce software maker Shopify Inc said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion. Source
Posted On 21 May 2015

Vodafone’s return to growth hints at wider sector recovery

LONDON (Reuters) – Britain’s Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe’s mobile market is edging towards recovery. Source
Posted On 20 May 2015

Berkshire, GE invest in U.S.-Israeli energy-saving software firm

JERUSALEM (Reuters) – Berkshire Hathaway and General Electric have invested $22.5 million in U.S.-Israeli eVolution Networks, a provider of energy-saving software to mobile network operators. Source
Posted On 20 May 2015

Whirlpool and AB InBev team up on hot-and-cold drink machine

SAO PAULO (Reuters) – Whirlpool Corp and Anheuser-Busch InBev on Tuesday started selling a countertop appliance that makes soda, juice and coffee with single-serve capsules, marking the start of a joint venture worth more than $70 million. Source
Posted On 20 May 2015

China’s Unigroup says wins bid to buy 51 percent stake in HP unit

BEIJING (Reuters) – Hewlett-Packard Co has agreed to sell a controlling 51 percent stake in its China-based data-networking business, estimated to be worth more than $2 billion (1 billion pounds), to Tsinghua Unigroup, a spokesperson for the Chinese private equity...
Posted On 20 May 2015

Federal judge demands details on Sprint $50 million ‘cramming’ settlement

NEW YORK (Reuters) – A federal judge said on Tuesday he would not approve a proposed $50 million settlement between the Consumer Financial Protection Bureau and Sprint Corp over claims the mobile carrier added unauthorized charges to phone bills unless the two sides provide...
Posted On 20 May 2015

Alibaba’s Ma says Kering lawsuit ‘regrettable’

SEOUL (Reuters) – The founder of Alibaba Group Holdings Ltd on Tuesday called “regrettable” a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters. Source
Posted On 20 May 2015

U.S. judge demands details on Sprint $50 million ‘cramming’ settlement

NEW YORK (Reuters) – A federal judge said on Tuesday he would not approve a proposed $50 million settlement between the Consumer Financial Protection Bureau and Sprint Corp over claims the mobile carrier added unauthorized charges to phone bills unless the two sides provide...
Posted On 20 May 2015

Computer Sciences to split into two companies

(Reuters) – Computer Sciences Corp, a technology consulting service provider, said it would split into two public companies — one to serve commercial and government clients globally and one to serve public sector clients in the United States. Source
Posted On 20 May 2015