Business – Markets Reports and Financial News

  • windows-phone-8.1

    Business - Markets Reports and Financial News

    Windows Phone devices for under $200 incoming according to Microsoft

    Microsoft is preparing for an influx of low-end smartphones for Windows Phone, Microsoft executive Nick Parker revealed at Computex in Taipei that new phones coming by the end of the year will have prices around $100, 200 and 300, instead... Read More

  • Business - Markets Reports and Financial News

    Airlines Post-Tax Profit Per Passenger Increases to $6 from $2

    According to the International Air Transport Association (IATA), the average net profit airlines earn from each passenger is $5.42, which is a figure that improved from a post-tax profit of $2.05 a passenger two years ago. IATA CEO Tony... Read More

  • Business - Markets Reports and Financial News

    Apple finally confirms Beats acquisition for $3 billion

    Apple finally confirms Wednesday that it will buy headphones manufacturer Beats Electronics for a whopping $3 billion, turning its founders Dr Dre and Jimmy Lovine billionaires. This can be considered as the biggest acquisition in history and it easily... Read More

  • Business - Markets Reports and Financial News

    SFO to investigate GlaxoSmithKline

    The Serious Fraud Office is set to investigate British drugs giant GlaxoSmithKline’s so called commercial practices. The drug company is already under the limelight for alleged bribery in certain countries. But according to GSK, it will fully cooperate with... Read More

  • Business - Markets Reports and Financial News

    Lenovo’s full year profit increases 29%

    Lenovo’s full year profit increased 29% and extends its lead in the Personal Computer industry. Lenovo is known as the largest PC maker in the world earning a record breaking net profit of $817 from March last year to... Read More

  • Business - Markets Reports and Financial News

    Sony shares drops after forecasting losses

    Sony shares drop by about 7 percent after it forecasted its second consecutive year of losses. The stocks went down after the Japanese electronics giant reported their loss at about 125 billion yen or $1.3 billion from January to... Read More

  • Business - Markets Reports and Financial News

    AT&T to buy DirecTV $50 billion

    There is a trend of company consolidation in the Pay-TV industry set by Comcast moving to acquire Time Warner Cable for $45.2 billion and is now followed by AT&T, which plans to buy DirecTV for $50 billion. DirecTV is... Read More

  • AstraZeneca

    Business - Markets Reports and Financial News

    Pfizer clears AstraZeneca takeover concerns

    This is a crucial week for Pfizer, which is about to gain control of AstraZeneca through an unsolicited $106 billion bid. Lawmakers will scrutinize the heads of both companies on Tuesday and Wednesday about issues of increased public anxiety... Read More

  • Apple’s Beats Acquisition

    Business - Markets Reports and Financial News

    Apple’s Beats Acquisition isn’t about the headphone

    The fuzz may be about Dr Dre being the first billionaire in the hip-hop industry, but Apple’s acquisition on his Beats by Dre is not about the headphones. Reports about Apple buying Dr Dre’s headphone and music streaming product... Read More

  • Business - Markets Reports and Financial News

    100 Internet Companies disagree with FCC’s Net Neutrality plan

    Over 100 Internet Companies are against the Federal Communications Commission Chairman Tom Wheeler’s plan for net neutrality. Two out of the five FCC commissioners also disagree with regulating broadband providers, as proposed by Wheeler. The 100 Internet companies that... Read More


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