Deutsche Lufthansa AG (FRA: LHA) announced Thursday it will lay off 3,500 administrative employees over the next couple of years as part of its plan to save $2 billion by 2014. The news comes a day after the airline announced a first quarter operating loss of ?381 million ($499 million), compared to a loss of ?169 million a year earlier.
Evernote's $1 billion valuation, among the recent success of other technology companies, raises questions about whether there's a technology bubble that's ready to burst.
Shares of auctioneer Sotheby?s (NYSE: BID), which handled Wednesday?s record-breaking sale of Edvard Munch?s ?The Scream,? dropped as much as 5.1 percent in Thursday trading.
General Motors Company (NYSE: GM), the world's largest auto company, reported profits down 69 percent for the first quarter, but the loss resulted from outsized, one-time profits the year before. Overall performance for the company was strong, with revenue driven 4.4 percent higher by strong U.S. sales and improved global margins.
The Microsoft's Windows Phone marketplace is still at a very nascent stage. Hence there are not nearly as many apps as there are for the Apple app store and the Google Play store. However, to keep up with competition, the company has made recent efforts to avail their marketplace in 22 new countries.
Shares of ?Big Data? specialist Teradata (Nasdaq: TDC) jumped 8 percent after the computer specialist reported better-than-expected first quarter results.
Rumors are rife that Apple is planning to launch a miniature, 7-inch Apple tablet at this year?s Worldwide Developers Conference that will kick off on June 11. The same event is expected to see the launch of some great devices like MacBook Pro (2012), iTV and some software like iOS 6 and iTunes 11.
General Motors reported a first-quarter profit that surpassed forecasts as it was able to boost vehicle prices, especially in North America, and cut losses in its troubled European operations.
Mobile operator Sprint recently released Google's flagship Android ICS phone, the Samsung Galaxy Nexus, for around $199.99 on a 2-year contract. In an attempt to expand its basket of offerings Sprint will start taking pre-orders from May 7 for HTC Evo 4G LTE with a price tag of $199.99 on contract. The smartphone is due to hit stores sometime this month.
Samsung, the Korean electronics giant, has notched up significant traffic on the Internet lately thanks to the overwhelming amount of speculations, anticipations created by its next iteration of Galaxy phone, Galaxy S3. While speculations are uncountable, we have tried to be picky about some of the features we are certain about. Check out the list of all the more-or-less expected features of the Galaxy S3 like 4.8-inch Super AMOLED Plus screen, Ice Cream Sandwich OS, 1.4GHz Exynos 4 Quad process...
Steve Jobs is remembered not merely for the company he co-founded, but also for his mannerism, determination and marketing skills that helped Apple reach the zenith of success. But what about his acting skills? Yes, the Apple wizard did have some. He appeared as former U.S. President Franklin Delano Roosevelt in a long-lost TV commercial to charge up the company's sales team to take on IBM.
US-based retailing company Target is going to stop selling Amazon's Kindle-branded products in the spring of this year, according to a latest report.
An Oracle Corp attorney ruled out a settlement with Hewlett-Packard Co in a bitter lawsuit over the Itanium microprocessor, a day after the judge refused to resolve the case for either side before trial.
Visa Inc, the world's largest credit and debit-card network, beat analysts estimates with a 23 percent increase in adjusted earnings as people spent more with cards.
Swiss pharmaceutical company Novartis International AG / Sandoz (NYSE: NVS) announced Wednesday it would acquire Melville, N.Y.-based Fougera Pharmaceuticals for $1.5 billion in cash.The deal makes Sandoz, Novartis's generics drug division, the world's largest maker of generic dermatological drugs.
Microsoft is planning the deal of a lifetime for gamers who have not yet purchased an Xbox, as the company is offering the console package along with a monthly subscription for just $99 beginning next week.
Microsoft's Windows Phone operating system has plagued by porn apps. The company intends to put an end to that with an emphasis on the user guidelines.
Tessa Vanvlerah has been sentenced to two consecutive life sentences without probation for sexually assaulting her then-5-month-old daughter and allowing Kenneth Kyle, a man she met online, to rape the infant.
Symantec (Nasdaq: SYMC), the largest provider of security software, reported flat revenues and fourth-quarter earnings because it sold fewer software licenses.
After several delays, the Travis County Commissioners Court has officially given its final stamp of approval on the tax incentives package offered from the state and local governments, which means Apple can start preparing to build facilities and add jobs in its sprawling campus in Austin, Texas.
Now that the first anniversary of Osama Bin Laden?s death shed renewed light on the ?needle in the haystack? side of data analysis that helped catch him, investors might wonder how to take advantage of it.
Nokia is filing patent suits against HTC, Research in Motion and Viewsonic in the U.S. and Germany over technology used in mobile devices from each of the companies.Their actions parallel those taken by several other major technology companies including Google, Facebook and Motorola.
Loud music and erratic driving in an Australian neighborhood led a couple men to break out the big guns...or rather a chainsaw and samurai sword.
With a ceremony in Frankfurt, Lufthansa became the first airline in the world to take delivery of the 747-8, the latest version of the Queen of the Skies.
As a result, the San Francisco company?s IPO could raise the $5 billion as outlined in the latest amendment to its IPO filed with the U.S. Securities and Exchange Commission on April 23.
Wynn Resorts, Limited (Nasdaq: WYNN) received approval to begin breaking ground at its 51-acre casino sight on Macau's Cotai strip, an approval that has been in limbo since March, the company said Wednesday.
Shares of Chesapeake Energy Corp., the No. 2 natural gas producer in the U.S., plunged Wednesday after a report that the CEO and co-founder secretly ran a hedge fund that traded in the same commodities that the Oklahoma City company produces.
Motorola Mobility Holdings (Nasdaq: MMI) won a patent ruling in Germany that bans Microsoft (Nasdaq: MSFT), the world's biggest software company, from selling Windows 7 and other products.
In an attempt to entice developers, Research In Motion (RIM) has given a glimpse of the new BlackBerry 10 phones at the BlackBerry World conference that kicked off in Orlando, Florida, May 1.
The IPO on everyone's minds for the past few years -- and possibly the biggest one in history -- is upon us: Facebook will finally make its Wall Street debut on Friday, May 18, 2012. Sources also say Facebook will begin its IPO roadshow on Monday, May 7. Will Mark Zuckerberg enjoy the biggest IPO in history?
