The Fall Of An Icon: Nokia’s Device To Be Acquired By Microsoft

 The Fall Of An Icon By: Natalie Kate Ann Juntado     As the day gets closer for Microsoft to officially acquire Nokia’s device on the 25th of April, many of us are quite happy for Nokia, for them to finally rise again. Nokia phone has been overtaken in recent years by the likes of Samsung and Apple, it will be then reborn as a Microsoft mobile, if a supposed letter leaked online is accurate. “The […]

AT&T ups revenue growth forecast on new pricing model

By Marina Lopes NEW YORK Tue Apr 22, 2014 7:29pm EDT (Reuters) – AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans. Like other carriers, AT&T is seeking growth in a nearly saturated environment, making strategies such as alternate pricing plans more crucial to attract […]

Asia shares edge ahead; investors cautious as Chinese data looms

By Wayne Cole SYDNEY Tue Apr 22, 2014 8:33pm EDT (Reuters) – Asian shares crept higher on Wednesday following merger-driven gains in Europe and on Wall Street, though investors were wary in case coming figures on Chinese manufacturing again disappointed. Japan’s Nikkei put on 0.9 percent while Australia’s main index edged up 0.2 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent. The better mood owed much to Wall Street where the […]

Netflix price hikes to boost global expansion

(Reuters) – Netflix Inc’s planned price hikes will allow the video streaming company to increase spending on original content that will help attract more customers globally, analysts said, as many of them raised their price targets on the stock. Netflix’s shares rose more than 9 percent in early trading on Tuesday after the company said it planned to increase prices for new subscribers and reported a better-than-expected quarterly profit. At least nine brokerages raised their […]

Wall Street advances; S&P, Nasdaq book fifth straight gain

By Chuck Mikolajczak NEW YORK Mon Apr 21, 2014 5:14pm EDT (Reuters) – U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week. Monday’s gain marked the S&P 500’s fifth straight climb, its longest winning streak since October. The S&P 500 wrapped up its best week since July last week, boosted by results […]

Hyundai Motor unveils small SUV concept for China, to launch this year

By Hyunjoo Jin SEOUL Sun Apr 20, 2014 12:52am EDT (Reuters) – South Korea’s Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world’s biggest market. Hyundai said it had picked popular Korean actor Kim Soo-hyun to promote the subcompact SUV ix25, to capitalize on the Korean pop culture boom in wooing Chinese […]

BMW in final stages of decision on potential new factory

BEIJING Sun Apr 20, 2014 2:26am EDT (Reuters) – Germany’s BMW is getting closer to deciding whether it will build a new factory, its board member Ian Robertson said on Sunday, as the luxury carmaker expands capacity to meet demand in key markets. “We are in the final stages of deciding where the plant will be,” Robertson told reporters at the Auto China show in Beijing on Sunday. Robertson said several locations were under consideration, […]

Toyota to launch China-made Corolla, Levin hybrids in 2015

By Yoko Kubota BEIJING Sun Apr 20, 2014 12:14am EDT (Reuters) – Toyota Motor Corp plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan. The backdrop to Toyota’s plans are efforts by foreign and domestic automakers to kick-start sales of hybrid cars in China, as the world’s largest auto market warms […]

Compensation battle rages four years after BP’s U.S. oil spill

By Jemima Kelly Fri Apr 18, 2014 6:37am EDT (Reuters) – Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last remaining oyster fisherman on an island dotted with colorful houses on stilts, says he has not found a single oyster alive in his leases […]

Disney sees operating income growth at cable networks

LOS ANGELES Thu Apr 17, 2014 6:25pm EDT (Reuters) – Walt Disney Co’s cable networks are expected to record high single-digit growth in operating income and domestic affiliate revenue from fiscal 2014 through 2016, Chief Financial Officer Jay Rasulo told investors on Thursday. “We feel very good about the long-term growth of our cable business,” Rasulo said at a meeting for investors at its the company’s ESPN headquarters in Bristol, Connecticut. Disney’s cable operations reported […]

Japan, U.S. trade talks in stalemate, ministers to meet again: Japan

By Krista Hughes and Kaori Kaneko WASHINGTON/TOKYO Fri Apr 18, 2014 12:28am EDT (Reuters) – U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan’s economy minister said, as negotiators struggle to narrow gaps ahead of a summit between the countries’ leaders. A U.S.-Japan agreement is critical to the U.S.-led Trans-Pacific Partnership (TPP), a 12-nation grouping that would stretch from Asia to Latin America. The TPP […]

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

By Chuck Mikolajczak NEW YORK Thu Apr 17, 2014 7:20pm EDT (Reuters) – Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market’s recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald’s and AT&T, are due to report earnings. […]