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Icahn Capital, founded and managed by activist investor Carl Icahn, held an equity portfolio worth over $21 billion at the end of the first quarter of 2016. Icahn unloaded his entire stakes in six companies, including Apple Inc. (NASDAQ:AAPL), according to a 13F filing. Icahn sold Apple shares over China concerns. The Cupertino-based company reported…
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Wal-Mart Stores, Inc. has a set a goal of up to $60 million in sales over the next three years. The world’s biggest retailer expects $45 billion to $60 billion in sales by 2019, Reuters reported. Earlier this month, McMillon urged the company’s associates and shareholders to reimagine retail again at the 46th annual shareholders…
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Tesla Motors plans to get into the trucking business sometime in the future but another Nikola Tesla fan seems to have beaten Tesla to the punch. Tesla is named after Nikola Tesla, a Serbian-American electrical engineer, inventor, and futurist. The Tesla brand is already synonymous with electric cars but a startup thinks Elon Musk shouldn’t have…
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Apple Inc.’s big and important event, Worldwide Developers Conference (WWDC), will take place next week in San Francisco, California. The U.S. tech giant uses this platform to launch new products and services. At the five-day annual conference starting Monday, the company is likely to announce upgrades to all its device operating systems, including iOS for…
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Apple Inc. may be planning too give QUALCOMM, Inc. a little competition in the role of iPhone chip supplier, and as per a report, the tech giant is handing the job for certain models of the iPhone over to Intel Corporation . As per a report from Bloomberg, some versions of Apple’s next flagship will use an Intel…
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Apple Inc. should not acquire Tesla Motors Inc or Bayerische Motoren Werke AG because large acquisitions can create problems for the company, Investor’s Business Daily reported. Mizuho Securities also said in a research report that India is unlikely to replace China in the U.S tech giant’s revenue stream. Investors seem to be worried about slowing…
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Tesla Motors Inc built and sold only 2400 units of the Roadster battery electric vehicle (BEV) sports car but it succeeded in showing the world that an electric car could be as fast and furious as a car with an internal combustion engine. The Roadster is no longer in production, but a report by Bloomberg suggested that a Chinese firm…
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Alibaba Group Holding Ltd Executive Chairman Jack Ma believes that it is difficult for some American investors to understand the Chinese e-commerce giant’s business model. Commenting on the U.S. Securities and Exchange Commission (SEC)’s probe into the company’s accounting practices, Mr. Ma said they welcome this inquiry, which would allow the regulators to give Alibaba a clear…
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SoftBank Group Corp. is selling additional $2.1 billion of shares in Alibaba Group Holding Ltd due to a strong demand. Initially, the company announced the sale $7.9 billion of shares in Alibaba. The offering was upsized to $8.9 billion by Thursday, and by Friday. SoftBank is the e-commerce company’s largest shareholder. The shares sale will help…
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The e-commerce giant Amazon.com, Inc. has filed lawsuits against three sellers operating on its website for creating fake reviews about their products. The sellers, which also include a Chinese company, were using ‘sock puppet’ accounts to post fake reviews about their products, according to the e-commerce company. On Thursday, Amazon said that it will open two new fulfillment centers in…
