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Fitbit Jumps After Beating Earnings Expectation

Fitbit Jumps After Beating Earnings Expectation

Fitbit, Inc. (NYSE: FIT) shares jumped 10% in after-hours trading after the Company announced third-quarter earnings that beat analysts’ estimates.The leading global wearable company said revenue was USD 394 Million in the quarter ended Septem..

Chip Stocks Fall After Texas Instruments, STMicro Report Slowing Demand

Chip Stocks Fall After Texas Instruments, STMicro Report Slowing Demand

Semiconductor stocks slumped on Wednesday after Texas Instruments Inc. (NASDAQ: TXN) and Franco-Italian chipmaker STMicroelectronics NV (NYSE: STM) warned of slowing demand.While TI shares were down 6% in premarket trading, STMicro's stock ..

Energy Stock Bounce Back

Energy Stock Bounce Back

Energy stocks are experiencing a rebound as oil prices continue to rise. Brent Crude prices which have seen a dramatic fall from the record highs of 2014 are now nearing USD 70 per barrel.  Brent Crude went through a massive downturn betwe..

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

International Business Machines Corporation(NYSE: IBM) asked a U.S. jury to award USD 167 Million in a lawsuit accusing Groupon,Inc. (NASDAQ: GRPN) for using patented technology from several high-end tech companies. IBM’s lawyer, John Desmarai..

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Shares of Chinese smartphone maker Xiaomi Corp. opened to trade in Hong Kong on Monday and fell below its IPO price.The initial public offering price of Xiao was HK 17 per share, which is at the low end of an expected range. It gave Xiaomi a valuati..

AT&T Raises Prices After Time Warner Acquisition

AT&T Raises Prices After Time Warner Acquisition

Two months ago, AT&T (NYSE: T) said, in a court filing, that its TV prices would lower upon acquiring Time Warner. Despite arguments from the U.S. Department of Justice that the acquisition of Time Warner would lead to higher prices for consumer..