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April 24, 2014
 Business:
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 updated 1330 IST
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Business  
No poaching agreement evidence may depict Steve Jobs as 'bad guy'
4/21/2014 3:07:00 PM

Washington, Apr 21 (ANI): The no poaching agreement, struck among companies including Apple, Google and Adobe, restricting the companies from hiring each others' workers, might depict Steve Jobs as a 'bad guy'.

Tech workers, who have filed a lawsuit against the deal, said that this agreement drove down their wages and limited their mobility.

According to PC World, Jobs' defendants denied the accusations saying that the information is a defaming rumor planted to portray

US pharmaceutical giant Pfizer keen to acquire AstraZeneaca for $100 billion
4/21/2014 2:20:00 PM

Washington, Apr 21 (ANI): US based pharmaceutical company Pfizer has proposed to take over its British rival AstraZeneca for 60 billion pounds (101 billion dollars).

According to Fox News, senior investment bankers and industry sources say that informal conversations about a deal had taken place between the two but that no talks were currently under way after AstraZeneca resisted the approach.

While AstraZeneca has several expiring patent issues that makes the company a soft target

Pak not considering granting MFN status to India
4/21/2014 10:10:00 AM

Islamabad, Apr. 21 (ANI): Pakistan is not considering granting Most Favoured Nation (MFN) status to India, a senior minister has said.

In an interview with Arab News in Riyadh, Commerce Minister Khurram Dastgir Khan said Pakistan does not talk about MFN any more.

According to the Nation, Khan, however, said Pakistan and India have agreed to work together and boost commercial relations by giving non-discriminatory market access status to each other.

He added that Pakistan

Twitter to broaden advert business via newly acquired ad network MoPub
4/20/2014 6:43:00 PM

Washington, Apr 20 (ANI): Social network Twitter has reportedly announced that it will broaden its advertising business by enabling Twitter marketers to promote and distribute mobile apps through its recently acquired mobile advertising network MoPub.

According to a blog post from Twitter, the MoPub Marketplace reaches over a billion unique devices and serves over 130 billion ads within Android and iOS apps every month, PC World reported.

Meanwhile, raising concerns about possible

Magic Johnson-backed credit card company shuts down following trademark infringement charges
4/20/2014 3:41:00 PM

New York, Apr. 20 (ANI): A credit card company promoted by NBA legend Magic Johnson has reportedly closed up shop abruptly after a competitor sued the company for alleged trademark infringement, unfair competition and other charges.

Celebrity Cards International entrepreneur Reed Wallace reportedly filed a law suit against Johnson and Goldman Sachs-turned-Hollywood movie mogul Steven Mnuchin's OneWest Bank, who were backing the credit card, last year in a David versus Goliath legal

Nike fires majority of FuelBand team as it prepares to ditch wearables
4/20/2014 3:03:00 PM

Washington, Apr. 20 (ANI): Nike has reportedly fired the majority of the team responsible for the development of its FuelBand fitness tracker this week.

According to Cnet, out of the 70 employees in the team, about 70 percent to 80 percent or as many as 55 people were let go, an unnamed person revealed.

Nike spokesman Brian Strong said in an email that as a fast-paced, global business, the company continually aligns resources with business priorities.

He added that as Digital

Magic Johnson-backed credit card company shuts down following trademark infringement charges
4/20/2014 11:20:00 AM

New York, Apr. 20 (ANI): A credit card company promoted by NBA legend Magic Johnson has reportedly closed up shop abruptly after a competitor sued the company for alleged trademark infringement, unfair competition and other charges.

Celebrity Cards International entrepreneur Reed Wallace reportedly filed a law suit against Johnson and Goldman Sachs-turned-Hollywood movie mogul Steven Mnuchin's OneWest Bank, who were backing the credit card, last year in a David versus Goliath legal

'Slumping' Barbie sales hurt toy giant Mattle's Q1 earnings
4/19/2014 4:30:00 PM

New York, Apr 19 (ANI): Toymaker Mattle's sales of its iconic Barbie dolls have reportedly tumbled 14 percent in the first quarter.

According to New York Daily News, the company's worldwide sales fell 5 percent to 946.2 million dollars and Mattel Inc. reported a net loss of 11 million dollars.

Meanwhile, senior research analyst Stephanie Wissink at Piper Jaffray said that Barbie is competing with a lot of other girl brands that didn't exist previously.

She added that

Sony PS4 beats Xbox One' sales by 2Mln consoles during March
4/18/2014 2:38:00 PM

Washington, Apr 18. (ANI): Sony's latest addition to its gaming section, PS4 has surpassed its rival Xbox One's sales by a sizeable difference.

According to The Verge, Microsoft's Xbox One reported shipment of over five million units whereas Sony has surpassed the number with seven million consoles sold.

Sony confirms that they have actually sold seven million pieces, not just shipped to the retailers.

Sony may have outshined Xbox's sales but it is a win-win for

India's software market grew at 10pc in 2013: Research
4/17/2014 4:16:00 PM

Washington, Apr 17 (ANI): India's software revenue grossed 4.76 billion dollars in 2013, a 10 percentile increase from 2012 revenue of 4.334 billion dollars, research firm Gartner has revealed.

The firm's India software market research showed that Oracle ranked second in terms of total software revenue with approximately 505 dollars million in 2013, capturing a steep 7.3 percent of the market.

According to Enterprise Innovation, among the BRICS (Brazil, Russia, India, China

Yahoo co-founder David Filo nominated for company's new board member
4/17/2014 2:53:00 PM

Washington, Apr. 17 (ANI): Yahoo co-founder and 'Chief Yahoo' David Filo has reportedly been nominated to return back to the company's board of directors after an absence of 18 years.

Filo, who co-founded the Web portal in 1995 with former CEO Jerry Yang, has been reportedly named among the three nominees as new board members.

According to Cnet, Yahoo CEO Marissa Mayer said that as a co-founder and longtime Chief Yahoo Filo, who has also previously served on the board from

Sony's PS4 console sales cross 7-mln mark globally
4/17/2014 2:53:00 PM

Washington, Apr. 17 (ANI): Sony's PlayStation 4 console has reportedly hit another milestone passing the 7 million units sold worldwide nearly a month after the company announced that it had sold 6 million units.

PlayStation 4 has reportedly been racking up sales steadily since its November launch, as it has reached 7 million units mark sold globally as of April 6.

According to Cnet, president and CEO of Sony Computer Entertainment Andrew House said that the PS4 journey has just

Marissa Mayer's earnings dropped to $24.9M last year from 35M 2012 high
4/17/2014 2:47:00 PM

Washington, Apr. 17 (ANI): Yahoo CEO Marissa Mayer reportedly made 24.9 million dollars last year, which is almost 10 million less than what she got in 2012.

According to the Deadline, all the components of the company went up, and shares appreciated 103 percent, but Mayer's compensation went down.

The board said that Mayer revitalized the Company's employee base, continued to build her leadership team.

Mayer reportedly increased the pace of product innovation and refreshes,

Google shares fall after company misses Q1 profit estimates
4/17/2014 11:10:00 AM

Washington, Apr. 17 (ANI): Google's shares dropped nearly six percent in after-hours trading after the tech company's first-quarter profit missed analysts' expectations.

Google logged weaker-than-expected first-quarter results, as the company missed forecasts on two key search advertising metrics.

According to Fox News, shares of the company behind Gmail and Android dropped six percent in after-hours trading after reporting below-consensus figures.

Google said it

Manufacturing industry must become rapid learning enterprise: CII
4/16/2014 8:34:00 PM

New Delhi, Apr.16 (ANI): The digital and technology adoption is driving performance improvement and increase in market reach.

India, too, is harnessing the power of the digital to drive productivity, profitability as well as competitiveness of its industries.

This topic was further explored, with a focus on the manufacturing and infrastructure sectors in particular, at the Industry-IT Summit 2014, organised by the Confederation of Indian Industry (CII) with PwC as the knowledge partner

Indian Inc. has important role in developing standards: Cabinet Secretary
4/16/2014 8:34:00 PM

New Delhi, Apr.16 (ANI): Delivering the inaugural address at the Standards Conclave: Role of Standards in International Trade: Challenges Opportunities and Issues, organized by the Confederation of Indian Industry and the Ministry of Commerce and Industry, Cabinet Secretary Ajit Seth said on Wednesday that: Indian industry has an important role to play in developing standards in India.

Seth observed that India does not have a standard-driven culture and India's manufacturing sector

Typo stops iPhone keyboard sales as Blackberry-won injunction takes effect
4/16/2014 3:14:00 PM

Washington, Apr 16 (ANI): Typo has reportedly stopped the sale of its add-on keyboard for the iPhone, after an injunction won by Blackerry took effect.

The injunction bans Typo from importing iPhone keyboards to the US.

According top Pc World, the injunction is part of a patent lawsuit brought against it by BlackBerry and was triggered when BlackBerry put up a 500,000 dollars bond with the court.

Meanwhile, the money will be used to compensate Typo for its lost profits if

Oman set to ban foreign workers from jobs to boost domestic economy
4/16/2014 2:42:00 PM

Muscat, April 16 (ANI): Oman is planning to ban foreign expatriate workers in construction and housekeeping, as part of attempting to secure more jobs for its citizens and boost its economy.

Most workers come from India, Bangladesh and Pakistan and are part of the oil and construction industry.

Minister of Manpower Shaikh Abdullah Bin Nasser Al Bakri said that expatriates will not be hired by private companies in the two sectors fro a six-month period beginning May 4.

According

Twitter shares soar in wake of Gnip acquisition
4/16/2014 2:42:00 PM

Washington, Apr 16 (ANI): Twitter's market shares went up by more than11 percent after the social network announced that it was acquiring Gnip for an undisclosed price.

The role of Gnip is limited to providing other firms with access to social media information streams.

According to TC, Gnip became well known by being a Twitter partner that could provide the latter's firehose of tweets to companies willing to pay for access.

Meanwhile, it is reported that Gnip's growing

Twitter stocks up two percent post social data provider Gnip buy
4/16/2014 12:42:00 AM

Washington, Apr. 16 (ANI): Twitter has acquired Gnip, which is a leading provider of social data.

Gnip, which was founded in 2008, focuses on collecting, organizing, and sharing social data.

Twitter said it would use the technology to provide better data to developers and businesses.

The micro-blogging site announced that the move will help it provide 'more sophisticated data sets and better data enrichments' for use by developers and businesses, CNET reports.

According

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