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Alphabet Inc subsidiary Google is under investigation by the Italian tax police, who suspect the tech giant of having evaded $247.5 million (227 million euros) in taxes in their country between 2009 and 2013. The report, which is scheduled to be handed over to Google later today, couldn’t have come at a worse time. Citizens…
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Tesla Motors Inc CEO Elon Musk, who will be participating in a Hong Kong technology forum this week, is discussing the firms performance in Greater China. Musk told Engadget that his firm faced some hiccups initially, but now it is performing “reasonably well” in Mainland China. However, he did not reveal any specific sales figures to support his…
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Facebook Inc has warned Europe that if it doesn’t do away with “poorly designed regulation,” it risks being left behind in the global digital race. Speaking to the Financial Times on the sidelines of the World Economic Forum in Davos, Facebook COO Sheryl Sandberg urged countries in the region to avoid impeding “progress” by adopting laws…
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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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Apple Inc has won a landmark patent battle against its main rival Samsung Electronics Company in a Californian court. The South Korean company was ordered to halt deployment of software in mobiles in the U.S. that infringed on such patents. a The U.S. District Court in San Jose ordered Samsung to desist from developing, making,…
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Apple Inc. ’s stock has seen a massive decline of about 24% over the past six months versus a decline of 11% in the S&P 500 index during the same period. “With the stock already trading conservatively before the pullback, shares are now trading squarely in bargain territory,” says a report from Motley Fool by…
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Tesla Motors Inc CEO – Elon Musk – is contemplating building a ‘Gigafactory’ in Cape Town for making Powerwall batteries, says a report from Times Live. The report of Gigafactory in Cape Town follows the hiring reports of Evan Rice, former CEO of GreenCape, as Tesla’s business development manager for SA, the report says. Tesla…
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Apple Inc. continues to bet big on China. It did so last year, and is doing so this year also. The US firm will open its 29th retail store in Shenyang – capital city of Liaoning – on January 9. The store will be in the MixC shopping mall at 288 Qingnian Street in Shenyang’s…
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For Apple Inc. , the year 2016 could be make-or-break, according to FBR Capital Markets analyst Dan Ives. On Tuesday, Apple stock closed up 1.80% at $108.74. Year to date, the stock is down almost 2% while in the last one-month, it is down almost 8%. iPhone 7 must be a hit On Tuesday, speaking to…
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Apple Inc. stock have not been able to keep pace with the broader market since early summer, with the stock down 10% in the last six months compared to 1% down for the S&P 500. One trader, who relies more on the technical side of things for direction, believes the stock could continue to remain…
