Huawei Monday announced a move to set up shop on Nokia's home turf. The Chinese company says it will invest $90 million over a five-year period to establish a research and development (R&D) center in Helsinki, Finland. Huawei said the move will add to its existing R&D deployments, which include over 70,000 employees worldwide.
Apple shares continued to slide for a second day before the opening bell, a day after the company posted its worst one-day stock drop in four years. On Wednesday, the Cupertino, Calif.-based company's shares closed down 6 percent at $538.79, erasing $35 million in market capitalization. Speculation abounded as to the cause.
Going it alone against a long, winding wireless bill can be scary and confusing. It’s an affliction AT&T will look to alleviate as it rolls out “video bills,” personalized online videos explaining account statements with soothing voiceover, graphics and music.
Nokia Corp. plans to sell its head office near the Finnish capital to real estate investors for $220 million as the struggling cellphone maker continues to cut costs. CFO Timo Ihamuotila says the deal, to be concluded later this month, is in line with aims to shed non-core activities, adding that Nokia will continue to operate from the Espoo headquarters "on a long-term basis."
Companies in today's news briefs: ZTE, Apple, Cisco, Zapstreak, RIM
Companies in today's news: Apple, ABI Research, Amazon.com, Centri Technology, Gemalto.
Companies in today's news briefs: NFC Forum, Qualcomm, Spirent Communications, Ruckus Wireless, Cincinnati Bell, Verizon Wireless
HP now has a legal headache to compound its misery as the company tries to recover from a series of setbacks that have hammered its stock price and raised doubts about its future.
Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue.
Google has not acquired Wi-Fi hotspot provider ICOA for $400 million, according to statements from both companies.
Makers and sellers of consumer-electronics devices have begun releasing their earnings reports for the latest quarter.
Google today announced its acquisition of ICOA Inc. a provider of Wi-Fi to high traffic public locations. Google paid $400 million for the company, according to a press release.
Companies in today's news briefs: Sprint, NISLAPP, Canon U.S.A, Assurance Wireless
Online holiday sales appear to be off to a strong start, with Cyber Monday promotions expected to give many kinds of retailers a significant boost over the next couple days, analysts said.
Shares of RIM jumped nearly 14 percent Friday as investors seemingly grew more optimistic about a February launch of the Canadian company's much-delayed BlackBerry 10 smartphones.
Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
Companies in today's news briefs: Juniper, Amazon, Wirefly, Wahoo Fitness.
Best Buy Co. says it recorded a loss in the third quarter, hurt by a continued sales slump and charges related to its restructuring plan. Shares fell 6 percent in premarket trading.
Companies in today's briefs: PayAnywhere, Transit Wireless, Gemalto
HP's fourth-quarter earnings could be bleak as the market shifts towards smartphones and tablets.
Cisco Systems said Sunday it is buying Meraki for $1.2 billion to expand its ability to let customers compute in the cloud.