Technology Sector

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Google’s Parent, Alphabet Inc Missed First Quarter Revenue Targets Forecasted by Analysts

Google’s Parent, Alphabet Inc Missed First Quarter Revenue Targets Forecasted by

Google might be helping people with their quick search online but now it is searching for the next big thing for itself. Google's parent company Mountain View, California based Alphabet, is working hard with several projects starting from thermostats connected to Wi-Fi and nanoparticles for detecting cancer but could not generate the expected amount of profit in the first quarter.

IBM’s Second Quarter Profit Forecast Not in Line with Analysts’ Expectations

IBM’s Second Quarter Profit Forecast Not in Line with Analysts’ Expectations

IBM has suffered from drop in revenue for several quarters and the company's second-quarter profit forecast was not in line with the analysts' projections.

The Armonk, New York based company has made an effort for years to boost its sales figure as vendor of cloud products and technology using artificial intelligence but that does not seem to be nearing anytime soon.

BMW launches car-sharing service in Seattle

BMW launches car-sharing service in Seattle

German luxury carmaker, BMW has announced the launch of its car-sharing service in Seattle in the United States and the company has indicated that the service will soon be launched in others parts of the country.

New iPhone SE might be selling better than expected

New iPhone SE might be selling better than expected

According to the latest reports, the new Apple iPhone SE might be recording better sales than expected by many in the market, during the first ten days of its launch.

Reports say the U.S Government is preparing to Blame Iran Publicly for Cyberattack on a NY Dam

Reports say the U.S Government is preparing to Blame Iran Publicly for Cyberatta

Reportedly, the US government is planning to blame Iranian hackers publicly for a 2013 cyber attack on a dam in the State of New York.

Sources reported that the U. S Justice Department is preparing an indictment against the hackers and a public announcement is expected soon.

Lockheed Martin Planning to Trim about 1,000 Jobs in Its Aeronautics Division

Lockheed Martin Planning to Trim about 1,000 Jobs in Its Aeronautics Division

Lockheed Martin Corp. the Bethesda based American global aerospace, defense, security and advanced technologies company said it will be cutting about one thousand jobs in the aeronautics division. The move comes as the company makes an effort to stay competitive and keep its staff aligned with the orders.

In a New Funding Round Snapchat Raises $175 Million from Fidelity

In a New Funding Round Snapchat Raises $175 Million from Fidelity

Reportedly, Messaging app Snapchat raised $175 million in a new funding round from financial service group Fidelity Investment. The news comes at a time when there is increasing investor concern for the once hot startups.

Pincus Stepping Down as Zynga’s Chief Executive, Frank Gibeau Taking Over; Stocks Climb

Pincus Stepping Down as Zynga’s Chief Executive, Frank Gibeau Taking Over; Stock

Mark Pincus, the co-founder of Zynga is stepping down from his role for the second time as a chief executive officer and the news seem to thrill the investors. Frank Gibeau, an ex- executive of Electronic Arts is replacing Mark Pincus.

Justice Department Asking Apple to Unlock some of its iPhones; Apple has Still not Agreed to any Such Services

Justice Department Asking Apple to Unlock some of its iPhones; Apple has Still n

The dispute between the Justice Department and Apple is still on and company says it is fighting the demands of the government to unlock some of its iphones.

On Tuesday, in a letter which was unsealed in the federal court, a lawyer for the company, Marc J. Zwillinger said "Apple has not agreed to perform any services on the devices."

Yahoo to Cut Jobs; Shuttering Its Burbank Office Permanently

Yahoo to Cut Jobs; Shuttering Its Burbank Office Permanently

Earlier in the month during an earnings call Yahoo Inc. posted huge quarterly loss. Yahoo's CEO, Marissa Mayer had said that the company has plans to overturn the declining revenues and seeks to build a product line that will be new and fast-growing. She connected the strategy to as big as a "tectonic shift."

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