electronic

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Merrill Lynch lowered its rating for both Electronic Arts (NASDAQ: EA) and Activision Blizzard (NASDAQ: ATVI) shares to neutral from buy due to the crowded holiday season and competition from Epic Games’ “Fortnite.”..

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung to Invest USD 22 Billion on AI, 5G and Biopharmaceuticals

Samsung plans to spend USD 22 Billion in the next three years on developing artificial intelligence, 5G, automotive electronic parts and biopharmaceuticals. This comes as part of the earlier announced USD 160 Billion investment on research, developm..

Samsung Profit Slows Down as the Galaxy S9 Doesn’t Reach its Sales Target

Samsung Profit Slows Down as the Galaxy S9 Doesn’t Reach its Sales Target

Samsung Electronics Co Ltd announced its slowest quarterly profit growth in over a year on Tuesday as its Galaxy S9 device missed its sales targets.However, the company explained in the announcement that it plans to come out with innovative technolo..

Lincoln Electric Q4 and Full Year 2017 Earnings

Lincoln Electric Q4 and Full Year 2017 Earnings

Lincoln Electric Holdings, Inc. (NASDAQ: LECO) today released its fourth quarter and full year 2017 results, with net income of $24.2 million, or diluted earnings per share (EPS) of $0.36. Reported EPS includes special item after-tax charges of $43...

Google, Sony, Lenovo Work on Smart Speakers with Touchscreens

Google, Sony, Lenovo Work on Smart Speakers with Touchscreens

On Monday, Alphabet Inc (NASDAQ: GOOGL) has announced plans to partner with LG Electronics Inc. and Sony Corp (NYSE: SNE) to incorporate their voice controlled virtual assistant into new tablet like devices. As Google tries to challenge Amazon.com,..

Hasbro to Acquire Mattel

Hasbro to Acquire Mattel

Hasbro (NASDAQ: HAS) has announced plans to buy Mattel (NASDAQ: MAT) in an attempt to combine the two biggest U.S. toymakers in more than two decades. By uniting Hasbro’s My Little Pony, Nerf, and Monopoly brands with Matter’s Barbi..

Best Buy Shares Fall on Disappointing Long-term Forecast

Best Buy Shares Fall on Disappointing Long-term Forecast

Best Buy Co Inc. (NYSE: BBY) shares fell 8 percent on Tuesday after the company forecast the fiscal 2021 earnings below analysts’ estimates. The consumer electronics company released its financial targets for fiscal 2021 on Tuesday. Revenue is..