Goldman Sachs says that Intel is facing a big problem with the issues in technology for manufacturing chips. The repeated delays in graduating itself to the manufacture of next generation chip process technologies resulted in the lowering of the rating for Intel by Goldman to sell from neutral. “We see Intel’s struggles with 10nm process…
Despite incurring an impairment charge on its Reebok brand, better than expected second quarter results was reported by German sportswear company Adidas. The company said that it is confident of achieving its full year targets while reporting strong net profit on Thursday. There was a 20 per cent increase in the net profit for the…
Facebook is planning to come up with a new tool that could help tell the users the exact time that one is spending on the largest social media platform and its associated platform Instagram, even though use4rs might already have some idea of he time spent by them on these two platforms. This new tool…
Lower pricing and slack demand at the Pampers diapers and Gillette shaving products making units of Procter & Gamble Co drove its fourth quarter performance being hit amidst lower sale. The result disappointed Wal Street analysts who expected higher returns. The changing and evolving consumer habits have put large global consumer goods manufacturing companies in…
$143 billion of market value was wiped off the Chinese Internet giant Tencent after its shares plunged by 25 per cent from its January peak. That marked the largest wash away of shareholder wealth globally when measured from the date of each stock’s 52-week high. The second biggest looser with a $136 billion slump over…
Analysts at UBS said in a note Friday that if the current trade tensions between China and the United States enhances further and turns into a full-blown trade war, there can be steep drops in global stock markets which would not be desirable for investors. The Swiss bank had estimated through its calculations that profits…
There has been a sharp decline in the operating profits of the Finnish information technology company Nokia for the second quarter of the current year. This was announced by the company in its interim report filed by the company earlier this week. There was a fall of a very significant fall of 42 per cent…
Following complaints about the flooding of the domestic market with stainless steel that was damaging the local industry, an investigation into dumping allegations of the metal has bene launched in China. the estimated dumping of stainless steel through imports is worth $1.3 billion. The investigations will encompass a number of firms that include a privately…
Facebook will create a very strong case for election transparency and provide a never before insight about how social media is used for targeting of voters by publishing comprehensive data about political advertising in the run up to the referendum campaign for abortion in Ireland. Details of the amount spent on targeting Irish voters in…
In order to convince Wall Street that the car rental industry is still relevant, a change to its old “try harder” advertising slogan night be necessary for Avis Budget Group. There is a rising question among investors about car rental because of the rise of cab hailing services. There is therefore a notion that car…
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