Google's parent company, Alphabet Inc recorded a better than expected revenue after its third-quarter report shows that its revenue has increased by 13 percent. The great return report, together with an announcement of buyback for its class C shares had sent the company's share price to break previous resistance to a new high.
United States
The Obamacare Website Healthcare.gov is Getting Important Updates
Healthcare.gov opens for windows shopping starting on Sunday. The updates allow the health care consumers to see the cost and benefits of insurance plans for 2016.
Kellogg to acquire snack maker Diamond Foods for $1.5 Billion
The cereal maker Kellog Corporation is soon to buy Diamond Foods. The companies are apparently in the late-stage negotiations to close the deal, but both sides refused to comment.
Cola Cola Q3 revenue falls nearly 5%
Report on Coca-Cola profit and revenue this quarter shows a drop of nearly 5%. A strong dollar has resulted to a less value in Coca-Cola revenue from outside North America. The global economic slowdown also affected Coca-Cola revenues resulting a revenue cutback.
Dow Chemical reviews options on agri unit, rejigs JVs
As part of its massive restructuring plan, Dow Chemical Co has taken up several measures to increase the bottom line of the company. Dow has decided to review all the available options for its farm chemicals and seeds unit, which has been suffering from sales drop. Dow Chemicals is also considering an option to buy a stake of Coming Inc in a Silicon joint venture (JV). It has increased the dividend payout and is also in the process of offloading its stake in a Kuwait JV engaged in petrochemical products.
Latest News
Motorola, the second largest wireless carrier in the US, is expected to release new phones that have advanced features including a "shatterproof" display and a 2-day battery life.
Google-owned YouTube will enter the subscription streaming market next week, launching the new YouTube Red, an ad-free video and music streaming service with a monthly fee of $99.9, and $12.99 monthly for iOS users.
Twitter CEO Jack Dorsey said he wants to "reset" the company's fraught relationship with its developers during their annual developers conference in San Francisco Thursday.
The billionaire and activist investor, Carl Icahn announced that he is trying to lobby the congress to pass a new tax reform law that will not allow any US corporation from running business overseas just to avoid taxes. According to Icahn, he is planning to put forward $150 million into the new law known as super-PAC.
After nearly 16 years in the making, Dyson's robot vacuum cleaner is finally getting a release date in Japan with a price tag of ¥149,040 or USD1,200.
General Motors pre-tax profit for the third quarter has increased by 37 percent or $3.1 billion thanks to a strong truck and SUV sales in North America and improved performance in China.
Numerous possible class-action proceeding have been filed in Michigan against the German automaker Volkswagen due to emission scandals. US regulators are coming up with more questions of the car behemoth.
Augmented reality company Magic Leap has always been tight-lipped on the advanced technology it has been cooking in the lab, but on October 20 it released a teaser video on just how incredibly unbelievable its capabilities are.
Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.
