Business

Alibaba Invests $10 Million in OUVA

Alibaba Invests $10 Million in OUVA

OUYA, the game-console maker, has received funds from Chinese e-commerce giant Alibaba. It is said that the e-commerce giant has given $10 million to OUVA in the form of investment in trade. With this, OUVA's platform will be introduced in Alibaba's set-top box.

As per experts, it is considered to be quite a big investment as OUVA is not performing well since it left a big mark on Kickstarter in 2012. Also, its performance in the United States is not great. Lately, the game-console maker has grabbed news headlines for a software platform known as OUVA Everywhere.

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Apple to Compete with Samsung to become Leading Smartphone Seller

Apple to Compete with Samsung to become Leading Smartphone Seller

Apple had launched its iPhone 6 and iPhone 6 plus in September 2014. In just three months the technology major sold record number of smart phones across the world. Now, Apple is heading towards displacing Samsung to be the leading seller of smartphones.

Currently, the company is having tough completion with Samsung. In 2007, Apple released the first iPhone and also set the standard for modern smartphones. Since 2011, Samsung has been the market leader with its supersized smartphone series.

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Google earnings in fourth quarter miss estimates by analysts

Google earnings in fourth quarter miss estimates by analysts

It seems as if search engine major Google is in the habit of missing analysts' earnings targets and thereby frustrating investors. A recent example the same phenomenon was visible in Google Inc.'s revenue figures that grew by 15% in the fourth quarter and yet fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates.

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Amazon rewards Investors with better than expected profit

Amazon rewards Investors with better than expected profit

On Thursday, Amazon reported a $214-million profit or 45 cents a share, on revenue of $29.33 billion, beyond the estimate of many analysts for the holiday season. Market analysts had estimated just 17 cents a share on $29.68 billion in revenue.

CEO Jeff Bezos said that in the quarter, the company has got more than 50% boost in the Prime membership. The company has not released the exact numbers for Prime memberships.

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Fourth-quarter revenue of Google misses Wall Street target

Fourth-quarter revenue of Google misses Wall Street target

In the fourth quarter, the revenue of Google Inc. grew by 15%, still it was not able to meet the Wall Street's target in context of declining online ad prices and unfavorable foreign exchange rates. A direct effect of the announcement was visible in shares of the company. The shares of Google edged up 0.1% to $510.66 in extended trading after an initial dip on the news.

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Northrop Grumman Outperforms In Fourth Quarter Earnings

Northrop Grumman Outperforms In Fourth Quarter Earnings

Northrop Grumman Corporation reported its fourth quarter earnings Thursday. The company has outperformed the Street's estimates for revenue and per-share earnings (EPS).

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Facebook’s Results beat Profit and Revenue Forecasts for seventh quarter on the trot

Facebook’s Results beat Profit and Revenue Forecasts for seventh quarter on the

It is reported that results of Facebook have surpassed profit and revenue forecasts for the seventh quarter in a row as the firm continues to win more mobile advertising revenue.

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Shake Shack Raising Projected Price Range for Initial Public Offering

Shake Shack Raising Projected Price Range for Initial Public Offering

Fast-casual restaurant chain Shake Shack plans to raise the projected price range for an initial public offering of its common stock. The company expects its IPO of 5 million shares pricing between $17 and $19 per share. Its previous range was $14 to $16 per share.

According to the new estimated price range, there is a possibility that Shake Shack might raise up to $95 million from the IPO. Back in 2013, the company had revenue of $84.5 million, which is up 45% from the year before.

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Nissan, Ford recall cars

Nissan, Ford recall cars

Japanese automobile manufacturer Nissan Motor Co., headquartered in Nishi-ku, Yokohama, Japan, said it will recall nearly 768,000 vehicles worldwide in two different actions for fixing a fire risk and hood that could open during driving.

According to Nissan and its filing on the National Highway Traffic Safety Administration website, the company will call back 552,135 Rogue sport utility vehicles worldwide as a mixture of snow or water and salt may seep through the carpet on the driver side floor and cause an electrical short.

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Facebook’s Quarterly Profit surges 33.8%

Facebook’s Quarterly Profit surges 33.8%

Quarterly profit of Facebook jumped 33.8% from last year to $696 million, reported Facebook on Wednesday. Facebook has cited significant growth in ad revenue and membership at the leading social network as the major reason behind the surge in its quarterly profit.

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