Smart phone usage helps Sprint – S, T, VZ, SFTBY

Boston, MA 02/09/2013 (wallstreetpr) –The third-largest wireless carrier in the US, Sprint Nextel Corp. (NASDAQ:S) benefited from the higher use of Smart phones as it reported an increase in revenues, coupled with a loss that was a little under what analysts had predicted. According to a statement from the company, in the fourth-quarter, the net […]

Research In Motion Limited (NASDAQ:RIMM) pins hopes on BB10

Waterloo Ontario based Research In Motion Limited (NASDAQ:RIMM) is betting that the new devices scheduled to launch coming January will help it regain its share as a market leader in the Global Smartphone industry. The success of new Blackberry BB10 mainly relies on response from corporations and government agencies which constitute the high end of […]

Another suit but this time it’s not AAPL but Nokia against RIMM

Nokia Corporation (ADR) (NYSE:NOK)  filed a suit against Research In Motion Limited (USA) (NASDAQ:RIMM)  for patent infringement in Britain, U.S and Canada.15 months ago it settled all its lawsuits with Apple for licensing and now it’s the time with Research In Motion Limited (USA) (NASDAQ:RIMM). In early 2003 Research In Motion Limited (USA) (NASDAQ:RIMM) was […]

Criminal cases against two BP PLC (NYSE:BP) for deepwater horizon disaster

Two highest ranking BP PLC(NYSE:BP) supervisors were accused by the U.S justice department for manslaughter and seaman’s manslaughter. A criminal case was filed against them and they were found responsible for the death of 11 in the deepwater disaster. Robert Kaluza and Donald Vidrine, the two BP PLC(NYSE:BP) CBPL supervisor have been charged with 11 […]

Agreement between Kohlberg Kravis Roberts & The Blackstone Group for the Purchase of Alliant Insurance Services

Kohlberg Kravis Roberts & Co. (NYSE: KKR), the private-equity company that whose owners are Henry Kravis and George Roberts,  they have agreed to purchase brokerage Alliant Insurance Services Inc. from The Blackstone Group (NYSE: BX) for an unrevealed amount. After Kohlberg Kravis Roberts & Co. (NYSE: KKR) ownership, the employees of Alliant,  a firm based […]

Ireland Regulators Want ‘Urgent’ Details of Facebook’s Policy Changes

Recently, Facebook Inc (NASDAQ: FB), the giant social media company, made overnight changes to its privacy policy and informed users after making the changes. However, this has not gone well with the Irish regulators from the European Union, they said that they sought urgent details concerning the Facebook Inc (NASDAQ: FB) policy changes. Gary Davis, […]

Sunshine Heart (NASDAQ:SSH) Device Receives Approval From FDA- SSH, ABMD, BSX, SPNC, EW

Sunshine Heart Inc (NASDAQ:SSH) announced on Tuesday that it got unconditional authorization from the Food and Drug Administration to start its pivotal U.S. trial for its flagship C-Pulse Heart Assist System. Shares climbed 17 percent premarket to $7.74. As of Monday’s close, the stock was dropped 4.5 percent over the previous three months. Accordant to […]

Cisco (NASDAQ:CSCO) Acquisition Pushes Networking Business; Analysts – CSCO, RVBD, JNPR, ARUN, FNSR

On Monday, analysts and executives said on Monday that Cisco Systems, Inc. (NASDAQ:CSCO) novel $1.2B purchase stakes more of its prospect on a wireless market segment that could show more profitable than its traditional business supplying huge corporations. The network equipment maker declared on Sunday that its purchase of Meraki Inc., pending regulatory authorization, would […]

Groupon (NASDAQ:GRPN) Declares Israeli Website Hack after Gaza Attack – GRPN, FB, YHOO, ZNGA, BIDU

Shares of Groupon Inc (NASDAQ:GRPN) surged more than 4% on Monday after it declared that its Israeli Web site,, was compromised by a political hackers group who hacked the site to declare messages threatening Israeli crowds against any ground attack against Gaza. A Groupon spokeswoman, Julie Mossler reported in a statement that the hackers […]

Tech Stocks Receives Boosts From Intel (NASDAQ:INTC) and Cisco (NASDAQ:CSCO) – INTC, AMD, TXN, ATML, ONNN

On Monday, Tech stocks have a strong start, the boost comes from a billion-dollar purchase from Cisco Systems Inc. and Intel Corp.’s declaration that its CEO will soon retire taking the day’s highlight. Cisco Systems, Inc. (NASDAQ:CSCO) surged 1.73% to close at $18.30 after the networking-equipment maker announced that it would pay $1.2B for Meraki, […]

Qihoo 360 (NYSE:QIHU) Net Up 18 Percent On Revenue Growth – QIHU, SIFY, IIJI, T, S

Qihoo 360 Technology Co Ltd (NYSE:QIHU) announced on Q3 profit surged 18 percent as the Chinese Internet firm declared an increasing user base and a increase in revenue. The firm’s American depositary shares rose 3.8 percent to $24.60 in after-hours trading. Through the close, the equity was increased 51 percent so far this year. For […]

Urban Outfitters (NASDAQ:URBN) Declares Profit Surges 17% – URBN, GPS, ANF, AEO, CHS

Urban Outfitters, Inc. (NASDAQ:URBN) announced on late Monday that its fiscal Q3 profit soared to $59.5M, or 40 cents a share, from $50.7 million, or 33 cents, a year before. Revenue for the quarter ended Oct. 31 moved up to $692.9 million from $609.9 million. Overall, net sales increased 14 percent though similar-store sales plunged […] (NASDAQ:BIDU), Qualcomm (NASDAQ:QCOM) Partnership for Cloud services – BIDU, FB, YHOO, GRPN, ZNGA

China’s biggest search engine, Inc. (NASDAQ:BIDU) reported on Monday the firm would offer 30GB of free blur storage to Android strategy built with certain Qualcomm chips, in what’s the newest move by the firm to carve out a attendance in the country’s mobile services sector. Baidu’s limited-time proposal applies in China to two of […]

Penn National (NASDAQ:PENN) Spinoff Step Boost Casino Shares Up- PENN, MGM, LVS, CCL, ASCA

On Friday, U.S. casino operators’ shares surged as Penn National Gaming, Inc (NASDAQ:PENN) aims to split some real estate assets drew attention to a more tax-competent structure that could benefit gaming industry investors. Penn National’s shares jumped 38% following it declared plans on Thursday to skim off 17 casino properties into a novel firm that […]

MTS Systems (NASDAQ:MTSC) Plunges More Than 6% – MTSC, A, IO, ROP, GRMN

MTS Systems Corporation (NASDAQ:MTSC)’s shares plunged more than 6% on Friday after a day before it announced a surge in profit for the Q4, due mainly to higher revenues, but expects are low. The Eden Prairie, Minnesota-based firm’s Q4 net income was $15.25M, evaluated to $14.89M in the previous year quarter. On a per share […]