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Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos made an appearance at the Re/Code tech summit Code Conference. Bezos, who also owns the Washington Post, touched upon a wide variety topics. He talked about everything from politics to India, from media to Prime TV. Amazon.com, Inc. CEO Jeff Bezos Highlights On India: Three years after making its mark…
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Microsoft Corporation is selling about 1,500 of its patents to Xiaomi. The Chinese mobile maker is planning to make an entry into the U.S. market. Under a deal announced Wednesday, Xiaomi will install Microsoft Office and Skype on its Android smartphones and tablets. Analysts believe that the deal will support Xiaomi’s global expansion plans. Microsoft said in a statement that…
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Alibaba Group Holding Ltd has agreed to acquire $2 billion of its own shares from SoftBank, which is the e-commerce company’s largest shareholder. In a bid to reduce its debt, SoftBank is selling $7.9 billion of shares of the e-commerce company in a series of transactions announced Wednesday. The shares sale will cut SoftBank’s stake in the company to 28% from 32.2%….
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Tesla Motors has the lead in the electronic vehicle market so far but that lead might not continue indefinitely if new entrants in the EV market continue to target its major markets. Tesla has become synonymous with electric cars and traditional automakers such as GM and Daimler AG are not being forced to build EVs of their…
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Shares of Alibaba Group Holding Ltd dropped nearly 7% today on reports that the firm is being investigated by the U.S. Securities and Exchange Commission (SEC) over its accounting practices. In the firm’s annual filing, it was disclosed that the SEC is probing whether the firm’s accounting practices may have broken federal securities laws. Alibaba Voluntarily Cooperating With SEC On…
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Analysts recently updated their ratings on Microsoft Corporation and FireEye Inc . Shares of both firms surged in Tuesday’s trading session. On Wednesday morning Microsoft is trading up while FireEye is down slightly. Lets take look the companies’ updated ratings and latest moves. Microsoft Rating Reiterated By Jefferies Last week, Microsoft announced that it is selling its feature phone assets to…
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Apple Inc. had lost appeal among hedge funds, who are shunning its shares in favor of social-network stocks. In Q4 2015, Apple shares were the most sought after by hedge-fund managers, but they morphed into an asset that investors were not able to sell fast enough in Q1 2016, says a report from Market Watch….
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Apple Inc. will close its music download business within two years, says recent speculation. Music downloaders and the music industry are worried after the speculation that the iPhone maker may shut down its music download business in favor of a streaming-only service. Though iPhone maker issued a quick denial, the rumors have been making rounds…
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Apple Inc. plans to build Maps for iOS, OS X and watchOS in India. On Thursday, the firm announced the the opening of a new office in Hyderabad, where it will hire develops for its Maps program. This announcement comes on the heel of the iPhone maker’s statement on Wednesday to set up an app design and development center in…
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The Hong Kong’s Securities & Futures Commission (SFC) said that Alibaba Group Holding Ltd breached the takeover rules in its acquisition of CITIC 21CN Company Ltd. by entering another deal during the acquisition process. CITIC 21CN, in which the e-commerce company bought a stake in 2014, is now known as Alibaba Health Information Technology Limited. How Alibaba Group Broke Takeover…
