Technology Sector

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Latest Funding Value Snapchat at $10 billion

Latest Funding Value Snapchat at $10 billion

Sources say that Kleiner Perkins Caufield & Byer the Venture capital firm has agreed to invest in Snapchat which is a paridly growing messaging startup. The valuation is estimated at approximately $10 billion.

Fans Show Twitch’s $970 Million Acquisition is Worth It

Fans Show Twitch’s $970 Million Acquisition is Worth It

The growing popularity of video-game subculture has motivated Amazon. com Inc. to agree on buying Twitch Interactive Inc. for $970 million.

Jeffrey Shih, 27 spends seven hours every day in front of his computer at home where while playing he broadcasts himself through online forum of Twitch. Everyday approximately 30,000 people tune in to see him play online.

Shares of Apple Hit a Record High Before Its New iPhone 6 Arrives

Shares of Apple Hit a Record High Before Its New iPhone 6 Arrives

On Tuesday, Apple established a record high price for its stocks and closed in to a valuation of $600 billion when it is expected to introduce an all new iPhone.

Data breach in Jewel-Osco Stores Discovered

Data breach in Jewel-Osco Stores Discovered

Once again, yet another store falls prey to hackers and this time it is Jewel-Osco which has suffered a massive data-breach. The company's system was hacked and the thieves stole data of the customers which could number in millions. Their personal information can be compromised and misused.

Profits for Lenovo Increase Owing to Sales of Smartphones and Computers

Profits for Lenovo Increase Owing to Sales of Smartphones and Computers

Lenovo Group Ltd. reported 23 percent increase in its profit for the first-quarter. All of this was attributed to the greater share in the global market for its models of desk tops as well as mobile devices. The shares of the company also made a progress.

Falling Earnings Prompt Cisco to Trim 6,000 Jobs

Falling Earnings Prompt Cisco to Trim  6,000 Jobs

Though Cisco Systems Inc. saw growth is some of its realm like data centre, security and the cloud but was unable to make an impact in the sales in the markets that are emerging. Looking at its apathetic current quarter results the company has decided to slash down 6000 jobs.

King Digital Entertainment Maker of Candy Crush Falls as Sales Do Not Meet Expectations

King Digital Entertainment Maker of Candy Crush Falls as Sales Do Not Meet Expec

Shares of King Digital Entertainment PLC the makers of "Candy Crush Saga" faced a blow on Tuesday when the company came out with its second-quarter earnings report that did not meet the expectations of the analysts. It also lowered its guidance for the full year.

LG G Watch – the first Android Wear device to hit the market

LG G Watch – the first Android Wear device to hit the market

LG's new G Watch is the first of new-generation smartwatches running Google's new wearable devices-centric software - Android Wear - to hit the market.

Microsoft’s Executive VP Stephen Elop details the company’s overall strategy

Microsoft’s Executive VP Stephen Elop details the company’s overall strategy

With Microsoft having recently announced record-setting layoffs of 18,000 employees over the next one year, the company's overall strategy has been detailed by its Executive VP Stephen Elop, who was the CEO of Nokia before it acquisition by Microsoft.

Pennsylvania Turnpike speed limit being increased to 70mph

Pennsylvania Turnpike speed limit being increased to 70mph

The Turnpike Commission said in a Friday statement that the speed limit for the 100-mile stretch of the Pennsylvania Turnpike is being increased.

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