Markets


Facebook revenue jumps 51.9 percent as mobile ad sales surge Facebook revenue jumps 51.9 percent as mobile ad sales surge
- April 28, 2016

Daily active users were also over a billion, at 1.09 billion versus 936 million a year ago. More than 1.5 billion people accessed Facebook from mobile devices in March, which is up 21% from previous year. EBIT roughly doubled to United States dollars 2.0 billion, and the net profit almost tripled to USD 1.5 billion. In fact, analysts had previously said Facebook's user numbers, advertising revenue growth and margins would be among key areas of focus in the first quarter . (more...)
Man City boss upbeat on qualification chances despite first-leg draw Man City boss upbeat on qualification chances despite first-leg draw
- April 28, 2016

Joe Hart produced two incredible saves to help Manchester City hold Real Madrid to a goalless draw. They have the advantage to play the first game away. I'm sure the way we turned it round against Wolfsburg [winning the return 3-0] did make a sound wave across Europe and that's always good for us. "If it was a final, I would play". (more...)
Robe worn by Prince George sells out in minutes Robe worn by Prince George sells out in minutes
- April 28, 2016

Prince George may have underdressed for an audience with the Obamas, but the look is clearly working. After taking part in celebrations for the Queen's 90th birthday, the Obamas arrived at Kensington Palace in rainy weather, greeted by the Duke and Duchess of Cambridge. (more...)
Samsung's 1Q profit up 14 percent after early phone debut
- April 28, 2016

Revenue rose 5.7 percent to 49.8 trillion won, compared with its guidance for 49 trillion won. Operating profit for the division was 3.89 trillion won, up from 2.74 trillion won year-on-year. Samsung's net income for January-March stood at 5.25 trillion won ($4.56 billion), up 13.4 percent from 4.63 trillion won in the same period a year ago. (more...)
Warriors look to advance, Clippers, Heat aim for home wins
- April 28, 2016

The Warriors have been dominant this postseason with Curry on the floor, outscoring the Rockets by 29.5 points per 100 possessions. The team will have a better handle on how long Curry will be out after about a week, but Curry will miss the rest of the first round of the playoffs and nearly assuredly the start of the second round if the Warriors advance. (more...)
High Product, Labor Costs Lead to Decline in Boeing's Profit
- April 28, 2016

Boeing reported $141 million in deferred production costs for the Dreamliner during the first quarter - a figure Greg Smith, the company's chief financial officer, called "better than expected" - to bring the total for that program to almost $29 billion since its inception. (more...)
Amazon takes fight to Netflix with new monthly Prime deals
- April 27, 2016

The plan costs $10.99 a month, and provides full benefits including Video, free shipping, and access to its streaming music service. Amazon Prime , by most accounts, has been a huge success for the company, but one of the biggest hurdles for anyone thinking about joining the service is that it has required customers to pay $99 up front for an annual membership. (more...)
UnitedHealth Says It's Losing Money Participating In Obamacare
- April 27, 2016

A top insurer in the US, UnitedHealth specializes in large-group employer health plans but serves a relatively low number of people in Affordable Care Act (known colloquially as "Obamacare") markets. In the call, executives said they cover 795,000 people through the exchanges, and expect that number to drop to 650,000 by December. The company has said it was reconsidering its participation in the exchanges and that it wasn't willing to continue its losses into 2017. (more...)
Yahoo to name four new members to board, ending Starboard proxy fight Yahoo to name four new members to board, ending Starboard proxy fight
- April 27, 2016

Avast! The CEO of Starboard Value has commandeered the Yahoo board. "This constructive resolution will allow management and the board to keep our focus on our extremely important objectives", said Yahoo's CEO Marissa Mayer. If patents are one way of marking a company's history, it's is a sad, and surprising, ending for a pretty iconic and groundbreaking company. As part of the agreement, Yahoo has withdrawn its nominees for the board and two current members will not stand for ... (more...)
Twitter shares plummet after revenue misses expectations
- April 27, 2016

That's why Twitter must do more to prove that it's not just a place for celebrities and their fans (earth to members of the BeyHive: Rachel Roy is not Rachael Ray) to fire off snarky 140 character insults about other celebrities with whom they are feuding. (more...)
Apple says expected lifespan of an iPhone is just three years Apple says expected lifespan of an iPhone is just three years
- April 27, 2016

Apple said it sold 51.2 million iPhone units in Q2, better than what was expected but down from a year ago's 61.2M units - the first time that has happened. Those figures compare to a profit of $2.33 per share and $58.01 billion in sales during the same quarter a year ago. However, Kuo doubts the makeover will yield significant demand and anticipates a significant drop in iPhone sales this year. (more...)
Google, Ford and Uber launch driverless auto coalition to lobby government Google, Ford and Uber launch driverless auto coalition to lobby government
- April 27, 2016

Uber's statement points out that traffic accidents contribute to 1.3 million deaths every year. In January, Musk boasted that Tesla's Autopilot was already better at driving on highways than most humans and will be sophisticated enough to navigate a auto cross-country on its own. (more...)
Apple to report worst quarter in over a decade
- April 27, 2016

Apple iPhone 7 is most awaited mobile phone of the year. Kuo predicts the same. Three million fewer iPhones could be sold this year than two years ago. Tim Cook Apple's chief executive said the company performed well "in the face of strong macroeconomic headwinds". The Wall Street Journal has reported that Apple is working on the addition of cellular network connectivity and a speedier processor to be included in the new Apple Watch 2 , looking at its first version's sales . (more...)
Mobile continues the good times with 2.2 million new customers Mobile continues the good times with 2.2 million new customers
- April 26, 2016

Total revenues for the quarter rose 10.6% to $8.6 billion, also beating consensus estimates. T-Mobile ended another quarter sweeping in a hefty number of subscribers - and logged a profit to boot. Branded postpaid phone average revenue per user (ARPU) of $46.21 in the first quarter of 2016 was down 3.8% sequentially, primarily due to the non-cash net revenue deferral related to Data Stash, and down 0.5% year over year. (more...)
Amazon Prime Video to Challenge Netflix with $8.99 Monthly Fee
- April 26, 2016

On Sunday evening, the company notified visitors to its website that it now offers two new Prime price plans, the first of which costs customers US$8.99 (S$12.21) a month to stream movies and television shows from a new video-only version of its Prime service. (more...)
Family of Tamir Rice Will Receive $6 Million From City of Cleveland
- April 26, 2016

Cleveland police officers Timothy Loehmann and his partner Frank Garmback responded to reports of a man waving a gun at a local park on November 22, 2014. The city shall pay $3,000,000 in 2016 and $3,000,000 in 2017. As Cleveland.com points out, the settlement doesn't clear up all possible legal issues around Rice's death-a federal review of whether the officers involved in Rice's shooting violated civil rights laws is still underway. (more...)
Tesla reveals first styling update to Model S in three-plus years Tesla reveals first styling update to Model S in three-plus years
- April 26, 2016

The recall applies to the 2,700 Model Xs built before March 26. In November, Tesla recalled all Model S vehicles delivered before Nov. 19 over an issue related to the front seat belt, which could prevent it from functioning properly. (more...)
Thousands Sign Pledge to Boycott Target Thousands Sign Pledge to Boycott Target
- April 26, 2016

In response to Target's transgender bathroom policy, AFA president Tim Wildmon released a statement expressing the association's fear that the new setup will give predators and voyeurs a chance to prey on their victims. The petition was triggered by Target's recent announcement about its policy to allow transgender customers to use the bathrooms of the opposite sex, Charisma News reports . (more...)
Netflix VPN crackdown: Unblock-US goes dark as Canadian users cry foul
- April 25, 2016

Investment in original content and the expansion of the company to other parts of the world are the main driving factors responsible for the growth. During the recent quarterly earnings, Netflix said that it had gained 6.74 million new memberships - 2.23 million in the United States and 4.51 million internationally. (more...)
Netflix 'keeping an open mind' about offline viewing on mobile devices Netflix 'keeping an open mind' about offline viewing on mobile devices
- April 25, 2016

Amazon now doesn't charge extra for 4K videos, including those with high dynamic range (HDR ) technology. 42% of the new subscribers are from outside U.S. Netflix now serves 81.5 million users globally, of which just under 47 million are based in the US. Besides its stand-alone video service, Amazon is also offering a new pay-as-you-go option for its full Prime membership for $10.99 a month and comes with free two-day shipping, video streaming and other perks. (more...)

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