Mophie, the famous battery cases maker, is acquired by Zagg, its competitor in mobile accessories. The acquisition is believed to bring more benefits for both parties, as to be the best in class product development, as well as to obtain more financial profits.
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Standard & Poor's Demoted Sprint's Credit Rating on Tuesday
S&P rating service on Tuesday downgraded Sprint credit to B, citing a challenging environment for the wireless industry. Morningstar and Moody have also demoted Spring credit rating.
Small businesses possessed by women still failing to win federal contracts in US
The US federal contracts are somehow still not won by the women-owned small companies in this day and age. Senator Jeanne Shaheen has openly expressed her disappointment regarding this sobering fact. But she is still optimistic that the changing laws would rectify the situation and empower women with the experience to bid for larger and more competitive federal contracts in the future.
Microsoft Just Spent Nearly $250 M To Buy Swiftkey, The Popular Predictive Typing App For Smartphones
Swiftkey, the popular predictive typing app for smartphone, has been reported to be bought by Microsoft for nearly $250 million. Microsoft is said to have a bigger plan with the app, going further than just expanding on more than iOS and Android devices.
It's too early to dump Chinese stocks, Citigroup tells investors
Citigroup holds view that it's too early to come to a conclusion about the state of the world's largest economy. It advises investors not to offload stocks over China. Citigroup in its latest research reports terms the present uncertainty and sluggishness in the Chinese economy and markets as a 'correction.'
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The U.S. Air Force said Boeing would build the planes to replace the two outdated model of Boeing VC-25 airplanes used by the U.S President. Boeing was the sole bidder, and the initial $25.8 million contract to reduce risk and lower the cost of the program by looking at the tradeoff between the requirements and design of the new plane.
Woodford Investment Management and Allied Minds lead the funding to raise a $22 million for Federated Wireless on Monday. The company will develop a high-quality wireless capacity for Wi-Fi and wireless networks.
Xerox Corporation will be split into two separate business entities for hardware and services businesses. It's learnt that activist investor Carl Icahn will get multiple positions on the boards of the two companies including three on the board of services company. Xerox's fourth quarter numbers are expected to be released on Friday and an official statement about division may also be announced simultaneously.
After a massive loss of $4.3 billion in Q4, Yahoo will struggle much more to return to profitability. The Internet company decided to cut its employment by 15%, close some offices and explore strategic alternatives.
Chipotle said that its quarterly net income plunged 44%, marking it the worst period after the outbreak of an E.Coli. However, the profit was higher than the prior outlook.
Google's parent company, Alphabet, is now the most valuable company in the world beating Apple. The $568 billion in valuation company recorded a total profit of $4.9 billion for its fourth-quarter earning.
The lawsuit is cast out by more than 40 customers, led by Chris Howe. The lawsuit stated that McDonald's aired unfair advertisements with the claim that its new menu item contains 100 percent pure mozzarella cheese, while according to Howe they contain filler. The lawsuit tests support the claim, but McDonald's has refuted the claim.
Stocks dipped to session lows on Tuesday. Shares of oil companies plunged as crude oil continued to slide. Three of major indexes also fell.
Palestinian-American entrepreneur Zahi Khouri teamed up with Palestinian investors to build a Coca-Cola manufacturing plant in the Gaza Strip. This new factory would provide direct jobs for 250 people and indirectly support 1,000 local families. This move is one of the first and most significant economic development in Gaza after the end of the war in 2014.
