Amazon.com Inc. has surpassed Wal-Mart Stores Inc. in market value. This comes after the online retailer reported revenues and profits exceeding Wall Street expectations for the second quarter ending June 30.
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Walmart takes full ownership of e-commerce site Yihaodian in China
Walmart is buying 49 percent of Yihaodian's stake, an e-commerce website based in China. This is part of Walmart's fundamental plan to distribute its products to Chinese consumers through its online service.
German car manufacturers to buy Nokia HERE to create superior self-driving vehicles
German auto makers consortium composed of Audi, BMW, and Daimler, parent company of Mercedes-Benz, is reportedly in the final stages of discussion to acquire Nokia HERE, the mobile company's map app, for roughly €2.5 billion or $2.7 billion.
Bank of America CFO exits in management shake-up
Bank of America has restructured its top managerial positions. The latest major shuffle witnessed the departure of the bank's CFO Bruce Thompson and retirement of executive David Darnell, who has been with the bank for over 35 years and will retire in the fourth quarter as vice-chairman.
YouTube hires former MTV exec Susanne Daniels to create original content
Online video sharing, YouTube, announced that they hired MTV’s former president of programming, Susanne Daniels, as vice president to YouTube Originals. Basically, the target is to generate more original online programs on the website.
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AT&T recorded 1.4% growth in revenues taking to $33 billion during the second quarter of 2015 and increased the number of wireless customers by 2.1million during the period. The market analysts projected that revenues would be $33.07billion. Earnings per share (EPS) of the company grew 61% to 69 cents.
NBA superstar LeBron James announced on Wednesday he is teaming up with Warner Bros. through his entertainment company, Springhill Entertainment, to produce and co-own TV programs, movies and digital contents.
Honda Accord 2016 was launched in the Bay Area, showcasing Apple's CarPlay and Google's Android Auto
Honda launched Accord 2016 at the San Francisco Bay Area with Apple's CarPlay and Android Auto. The car manufacturer also opened its Mountain View Research and Development Facility, which will concentrate on developing new technologies for upcoming editions.
Ontario-based BlackBerry Ltd has decided to acquire AtHoc to enhance its software offerings and increase its revenue. California-based AtHoc is a privately-held provider of secure, networked crisis communications.
NASA astronauts KJell Lindgren from the United States, Kimiya Yui from Japan and Oleg Kononenko from Russia had headed off from the Baikonur Cosmodrome in Kazakhstan for a five-month mission to the International Space Station.
An 80-year old pensioner from Manchester, England has been fitted with a functioning bionic eye, restoring his central vision after a decade of partial sightedness.
District 43 assembly member Mike Gatto and Sen. Ted Gaines wrote Senate Bill 167 and 168 intended to penalize drone operators for flying near the wildfire site in Sacramento, California.
After their game-changing team-up on the first generation of the Nexus tablet, tech stalwarts Asus and Google have collaborated once more on a hardware project, this time resulting in the release of the Asus Chromebook Flip.
Apple may have exceeded internal targets for third quarter of fiscal year 2015, but Wall Street is not impressed. In its earnings report, the company announced that sales of iPhone, which represents more than half of Apple's business, had increased.Apple sold 47.5 million iPhone units.
