LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…
Through this strategic move, Grab is expanding from its core ride-hailing services into other areas including electronic money transfers, loans, payment services and food delivery. Through GrabFresh, it now serves on-demand grocery deliveries. It is targetting revenues of $1 billion by the end of 2018. On Tuesday, in a strategic move that banks on its…
Strong growth in the premium notebooks segment as well as a one-time tax benefit of $975 million can be attributed as the reasons for its surprise performance. On the back of strong demand for desktop and notebooks, HP Inc has reported a better-than-expected quarterly results. HP Inc also named Steve Fieler as its chief financial…
One probable reason for the rejection could be a conflict centering in-app purchases. In a move aimed at protecting its ability to make money from in-app purchases from games on its mobile devices, Apple Inc blocked Steam, a leading online store for downloaded games, from extending its reach into its iPhhones. Steam had wanted to…
Although Cognizant reported a revenue rise of 10%, its net income for the first quarter fell to $520 million compared to $557 million from a year ago. On Monday, Cognizant Technology Solutions Corp, an IT services company, stated, its revenues have risen by 10% stemming from higher spending by clients in the healthcare and financial…
The growth in Microsoft’s Azure cloud computing service is one of the reasons why the tech giant’s shares have risen by nearly 50% in the last 12 months. Despite Microsoft Corp’s quarterly revenues beating Wall Street’s forecast, recent changes in U.S. tax law took a one-time bite of $13.8 billion from its earnings. Boosted by…
FlixBus is set to take on its U.S. rivals Greyhound and Megasbus in its bid to expand its services there. On Wednesday, FlixBus, a German long-distance bus firm disclosed its plan of expanding its services to the United States and take on its U.S. rivals, including Megabus and Greyhound. “There is a significant shift in…
business-gurus.com 