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Back in August, Microsoft Corporation redesigned its Xbox Music service into a solid music app that offered a few new features to boot. The service was subsequently renamed to Groove – a title that held a bit more vibrancy. However, there already existed a music app in the Windows Store with a very similar title….
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Royal Dutch Shell plc (ADR) shares spiked in early trade after the oil major confirmed it would be cutting 10,000 jobs amid a sharp drop in profits. Shell said it made $1.8 billion during the fourth quarter of the year, versus a profit of $4.2 billion in the same period last year. Full-year earnings fell…
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Tesla Motors Inc is disrupting the automobile industry with its electric vehicles and self-driving tech. In fact, Tesla’s success is pushing traditional automakers to start their own EV projects as emission standards continue to rise. Tesla’s success is attracting other tech companies and startups into the automotive space as they try to piggy back on Tesla Motor’s…
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Apple Inc. , until now was known to have one secretive team – ‘Project Titan’ – working on self-driving cars. But, a new report from FT claims the iPhone maker has created one more secretive team to work on virtual and augmented reality products. Massive team for Apple VR As per FT, Apple has created a…
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Samsung Electronics on Monday shrugged off fears that the takeover of General Electric’s home appliances unit by Chinese home appliance manufacturer Haier Group could have a serious impact on its market share over medium term. Speaking during the launch of Samsung’s latest range of air conditioners and refrigerators, Seo Byung-sam, Vice President of Samsung’s home…
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American Multinational technology firm, International Business Machines Corp. Corporation, has acquired Ustream. Ustream has been in operation since 2007, providing video streaming services to around 80 million viewers worldwide. International Business Machines (IBM) Corporation shares are up by more than 1% today. The acquisition is perhaps the reason for this increase. The acquisition of Ustream…
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Yahoo! Inc. could see its stock surge nearly 35% to $40 per share if the firm decides to offload its core internet business on growing investor pressure, writes Andrew Bary in Barron’s. The move may also lead to Yahoo! Inc. selling its other two key assets- a $26bn stake in Alibaba Group Holding Ltd and…
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Metals manufacturing firm, Worthington Industries, Inc. , has acquired Net Braze. Net Braze is a US based firm that manufacturers solders, brazing alloys, and other similar products. Very few details have been released regarding the acquisition. There has been more significant news from this sector in the UK. Just one day ago, Tata Steel announced that they…
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Adidas AG. shares surged on Monday after it confirmed that it had appointed Karsten Rorsted as its new Chief Executive Officer. Rorsted, who is presently the CEO of Henkel AG, will replace Herbert Hainer, whose tenure at the German sportswear firm hasn’t been viewed kindly by investors. Rorsted, 51, will become a full board member…
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Twitter Inc shares closed at an all-time low Monday and company is looking for anything to help bring its stock back to prominence, even integrating Periscope, the live streaming video service, into your timeline. Twitter Live Broadcasting Directly on Timeline Will Twitter transform into the Right Now Network? If it’s going into renovation mode then perhaps…
