Research in Motion shares went down 3%, a day after its PlayBook tablet computer has been announced during a conference in San Francisco on Monday.
PlayBook’s specs did impress analysts with its 7-inch screen and front and rear high-definition camera features. RIM shares, which went up about 2% on Monday’s after-hours trade, seemed to have boosted [...]
Bank of America delays home foreclosures in 23 states due to make sure there were no flaws in its existing processes.
In a statement, the bank revealed it has been reviewing its current processes to ensure certain affidavits complied with correct procedures. The bank will freeze the process to fix “affidavits in foreclosure cases” [...]
Oracle Corporation posted a 1.35 billion dollar profit in its report for the recent quarter as its revenues surged 48 percent to 7.5 billion dollars.
For the quarter that closed on August 31, the company saw 27 cents per share of stock, which is 20 percent higher than last year.
One industry analyst dubbed the earnings as [...]
Japan’s leading shares went up as much as 3 per cent after authorities’ move to weaken yen’s value against the dollar.
The country’s central bank intervened by selling yen and shopping dollars, a day after Japan’s currency hit an all-time high in 15 years in exchange of the dollar.
For the first time in six years, [...]
Hewlett-Packard announced on Monday that it is buying the security software company, ArcSight, for $1.5 billion or $43.50 per share.
The company explained that the deal will bring let HP improve security and minimize risk without having to charge customers that much and is expected to be closed within this year.
ArcSight’s (ARST) stock jumped 26% in [...]
GoDaddy.com, known for its internet domain registration and web hosting services, goes down the hammering route as the company decided to sell itself in an auction and could be bought for as much as $1 billion, according to sources involved with the deal.
Qatalyst Partners, a firm run by technology banking expert Frank Quattronne, has been [...]
BP’s stock increased Wednesday after Fitch raised the company’s rating by three notches.
The rating upgrade came as BP released an internal report taking aim at multiple causes for the Gulf oil disaster.
BP shares jumped by nearly 4% on Wednesday’s morning trading.
From ‘BBB’ rating, Fitch lifted the oil company’s rating to “A” rating with a constant [...]
Senior officials of the European Union proposed the issuance of a list of job vacancies in countries that are members of the organization.
European Commission President Jose Manuel Durao Barroso brought up the idea during his first state of the union speech in U.S.-style on Wednesday.
In an interview with CNN, Barroso said a European Vacancy Monitor [...]
Citigroup Inc. announced on Wednesday its plans to expand its staff in China to around 12,000, which is about three times the size of the company’s current work force in the country, for the next three years.
Citigroup has a total 50,000 staff in Asia, and about 4,500 of these employees are based in China.
Stephen Thomas, [...]
The Japanese government and the Bank of Japan both agreed, during an emergency policy meeting, to boost the economy by increasing banks’ credit to $116 billion.
Prime Minister Naoto Kan and his finance minister called for action to restrain the country’s escalating currency, which has reached its highest level in 15 years.
Though the analysts doubt it [...]
