Category: News

Tesla Motors (TSLA) Q3 Earnings Top Estimates, Shares Soar

Marivic Cabural Summers

The stock price of Tesla Motors (NASDAQ: TSLA) surged during the extended trading hours after the electric car manufacturer reported third-quarter financial results that beat the estimates of Wall Street analysts. TSLA stock climbed more than 4% to $211.10 per share during the extended trading on Wednesday. Tesla Q3 financial results Tesla reported that its adjusted earnings were $111 million or $0.71 per share for the third quarter, higher than the $0.54 per share expected by analysts. The company’s total GAAP revenue was $2.3 billion, an increase of 152% from…

Read More

Half Billion Yahoo Users’ Accounts Hacked

iRebyu Staff
Yahoo

Yahoo confirmed that at least half billion of its users’ accounts were hacked by a state-sponsored hacker, who perpetrated a cyber attack on its network in late 2014. According to the company the hacker stole a copy of certain user information that may have included users’ names, birthdates, e-mail addresses, and hashed passwords. The hacker may also have taken encrypted or unencrypted security questions and answers in some cases. Yahoo’s ongoing investigation indicated that the hacker failed to access unprotected passwords, bank account information or payment data during the data…

Read More

Microsoft Approves $40 Billion Stock Buyback; Increases Dividend

Marivic Cabural Summers
Microsoft

The Board of Directors of Microsoft Corporation (NASDAQ: MSFT) approved another $40 billion stock buyback program and increased its quarterly dividend by 8% to $0.39 per share. According to the tech giant, it is on track to complete is existing $40 billion shares repurchase program by the end of this year. Its new shares repurchase program has no expiration date, and the Board may terminate it anytime. Microsoft is committed to returning capital to shareholders while it cash pile increases. The tech giant had $113.2 billion in cash and short-term…

Read More

GoPro Promises Hollywood-Caliber Aerial Shots with Karma Drone Camera

Marivic Cabural Summers

GoPro Inc (NASDAQ: GPRO) unveiled its long-anticipated Karma drone along with new Hero5 camera models during an event, which was held near Lake Tahoe at Squaw Valley, California today, September 19. Nick Woodman, the company’s founder and CEO promised that GoPro Karma offers Hollywood-caliber aerial shots and an image-stabilization grip that can be handheld or mounted to vehicles, gear, and more. Mr. Woodman added that the GoPro Karma is easy to use, and a beginner could have fun with the drone right away. The drone features a compact design that…

Read More

Salesforce.com Launches Einstein AI Platform

Marivic Cabural Summers

Salesforce.com (NYSE: CRM) launched an artificial intelligence (AI) platform called Salesforce Einstein on Sunday. The AI platform is integrated into some of the company’s cloud services such as Sales Cloud, Service Cloud, Marketing Cloud, Analytics Cloud, App Cloud, Commerce Cloud, Community Cloud, and IoT Cloud. John Ball, the general manager of Salesforce Einstein said the company aims to use AI tools to enhance its extensive portfolio of products. He said, “There is an absolute revolution occurring in artificial intelligence. This is democratizing AI so that every company can benefit from…

Read More

Samsung Unveils Gear S3 Smartwatches with Striking Designs

Marivic Cabural Summers

Samsung Electronics (KRX: 005930) unveiled its two new Gear S3 smartwatches with striking designs on Wednesday as it aims to strengthen its leadership in the wearable industry further. The South Korean electronics giant said it was inspired by traditional timepieces and the art of watchmaking in developing its new smartwatches. The company conducted intensive research and surveyed consumers, industry leaders, and watch experts before developing the Gear S3. Samsung introduced its new Gear S3 smartwatches before the opening of the 2016 IFA, the world’s largest trade show for consumer electronics…

Read More

Twitter Co-founder Says Board Must Consider Right Options; Shares Jump

Marivic Cabural Summers
Twitter

The stock price of Twitter Inc (NASDAQ: TWTR) surged almost 6% today after co-founder Evan Williams said the company must consider the right options amid takeover speculations. During an interview with Emily Chang on Bloomberg TV, Evans declined to comment when asked if he sees Twitter remaining as an independent company. However, he said, “We are in a strong position right now. I think as a board member; we have to consider the right options.” The next acquisition target Market observers have been suggesting that Twitter is the next acquisition…

Read More

Apple to Pay Up to €13 Billion in Taxes to Ireland says European Commission

Marivic Cabural Summers
Apple

Apple Inc. (NASDAQ: AAPL) received illegal tax benefits from Ireland and the tech giant must pay as much as €13 billion of unpaid taxes in the country plus interest, according to the European Commission. The Commission said Ireland violated the state aid rules of the European Union (EU) as it “allowed Apple to pay substantially less tax than other businesses.” It added, “Ireland must now recover the illegal aid.” In a statement, Commissioner Margrethe Vestager, in charge of competition policy, said: “Member States cannot give tax benefits to selected companies…

Read More

Facebook Will Not Become a Media Company Says CEO Mark Zuckerberg

Marivic Cabural Summers

Facebook (NASDAQ: FB) will not become a media company and will remain a technology platform, according to its co-founder and CEO Mark Zuckerberg during a Q&A with students at Luiss University in Rome, Italy on Monday. Zuckerberg said, “We are a technology company. We are not a media company.” According to him, Facebook builds and provides tools to users for them to curate their experiences and connect with people, businesses, and institutions in the world. He added that the social network giant does not produce and edit contents, unlike media…

Read More