BREAKING NEWS
  • GOOG836.82-0.35 -0.04%
  • EGFDF+0.000 +0.000%
  • AAPL141.20-0.63 -0.44%
  • WFC52.45-0.27 -0.51%
  • IBM170.05-1.05 -0.61%
  • MCD132.30+0.95 +0.72%
  • X28.73-0.15 -0.52%
  • AA31.76+0.45 +1.44%
  • DXJ48.05-0.39 -0.81%
  • FXI37.80-0.66 -1.72%
  • FCX12.47-0.28 -2.20%
  • MON115.94-0.25 -0.22%
  • DE108.47-0.33 -0.30%
  • KO43.48+0.41 +0.95%
  • JNJ121.82-3.90 -3.10%
  • NVS72.93-0.40 -0.55%
  • HAL48.53-0.31 -0.63%
  • SLB77.93-0.31 -0.40%
  • GE29.84+0.20 +0.67%
  • MRK62.27-0.53 -0.84%
  • PCLN1763.31-7.30 -0.41%
  • FB140.96-0.46 -0.33%
  • POT16.53-0.14 -0.84%
  • WP Stock Ticker

China’s Didi Kuaidi ups stakes in taxi apps war

BEIJING (Reuters) – China’s dominant taxi-hailing firm Didi Kuaidi will spend 1 billion yuan ($161.39 million) on promotions, the company said on Friday, in an aggressive expansion that will help lure in riders and fend of rivals like U.S. firm Uber Technologies Inc. Source
Posted On 22 May 2015

Uber in talks with banks for $1 billion credit facility: WSJ

(Reuters) – Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. Source
Posted On 22 May 2015

Toshiba extends accounting probe to three more business units

TOKYO (Reuters) – Japan industrial conglomerate Toshiba Corp said on Friday it would investigate accounting practices in its TV, computer and chip businesses, extending a probe already under way into irregularities that led to profits being overstated by at least $415...
Posted On 22 May 2015

Disney to bring mobile technology to more parks

ANAHEIM, California (Reuters) – The mobile technology that helps Walt Disney Co theme park guests beat lines and pay for Mickey Mouse ears at the company’s flagship resort in Florida will expand in some form to other Disney resorts, Chief Operating Officer Tom Staggs...
Posted On 22 May 2015

HP sells $2.3 billion China unit stake to forge partnership with Tsinghua Unigroup

HONG KONG (Reuters) – Hewlett-Packard Co will sell a controlling 51 percent stake in its China-based data-networking business to China’s Tsinghua Unigroup for at least $2.3 billion, forming a partnership designed to create a Chinese technology powerhouse. Source
Posted On 22 May 2015

HP forecasts split-related costs below expectations

(Reuters) – Hewlett-Packard Co , which is in the process of splitting itself, forecast separation-related costs below the expectation of several analysts and reported a better-than-expected quarterly profit. Source
Posted On 22 May 2015

BlackBerry to buy up to 12 million shares for cancellation

(Reuters) – Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up nearly 2 percent in extended trading in the United States. Source
Posted On 22 May 2015

Hootsuite says could go public sooner after Shopify IPO success

VANCOUVER/TORONTO (Reuters) – The successful initial public offering of Shopify could prompt Hootsuite, another promising Canadian tech startup, to tap public markets sooner rather than later, its chief executive said on Thursday. Source
Posted On 22 May 2015

Ignition Partners raises $200 million for new venture fund

SAN FRANCISCO (Reuters) – Ignition Partners said it had raised $200 million for a new fund, two years after a major restructuring that created a slimmed-down version of the 15-year-old firm. Source
Posted On 22 May 2015

Russia warns Google, Twitter and Facebook on law violations

MOSCOW/FRANKFURT (Reuters) – Russia’s media watchdog has written to Google, Twitter and Facebook warning them against violating Russian Internet laws and a spokesman said on Thursday they risk being blocked if they do not comply with the rules. Source
Posted On 22 May 2015