Daily Management Review
Business & Finance

Motorola Woes Half Lenovo's Net Profits, 10% Job Cuts Announced

With first quarter year-on-year net profits plunging 51 percent despite the revenues rising by 5 percent, China's Lenovo Group Ltd announced it will lay off 10 percent of its white-collar staff on Thursday.  The total loss of jobs is expected to be around 3,200. The results were below the...

Alibaba Misses Quarterly Target after Much Hyped Investment Announcement in Suning Just Two Days Ago

After barely a couple of days after the mega announcement of taking up a 20% stake in Chinese electronic retailer Suning, Alibaba Group Holding Ltd's missed the revenue forecasts for the second quarter of the current fiscal. The e-retailer giant missed the forecast by a large margin even as its...

Windows 10: Big Brother is Watching You

Late last month, the latest version Microsoft’s operating system - Windows 10 - became available. The novelty has already received many positive reviews, but as it turns out, there are drawbacks too. It appears that the latest brainchild of Microsoft is literally a godsend for a spy. The news...

JD.com Shares Fall on News of Alibaba-Suning Agreement, Owner Liu Qiangdong Looses $500 Million

Following the agreement between China’s online retail giant Alibaba Group Holding  Chinese electronics retailer Suning Commerce Group, JB.com, the biggest rival of Alibaba, saw its share tumble over fears of increased rivalry. The news from China shook the shares of JD.com in the New York...

Nokia Technologies Division Hiring Talents as it Prepares to Renter Mobile Handset Market

The plot to return to the mobile phone market for Nokia is taking shape. The company started hiring talents for its software division as the company tests new products. Nokia has already announced that it plans to re-enter the mobile phone business after late 2016 when the embargo on the Finnish...

Toshiba To be Excluded from the Nikkei 400 for Fraud with Reporting

Shares of Japanese corporation Toshiba Corp. were excluded from the index Nikkei 400 due to errors in the financial statements, which resulted in the write-off of profits from previous years in the amount of 152 billion yen ($ 1.2 billion). According to Nikkei’s press release, its composition will...

New Real Estate Markets: What's in Store for Investors

This year, some countries announced potential opening of its markets to foreign property buyers, relying on the flow of investment from abroad. Most states have already opened the door to foreign investors, but some of them are still adheres to a fairly strict rules regarding the acquisition of...

Race to Gain Chinese Online Supramacy, Alibaba buying 20% Stake in Suning

The race to gain supremacy in the Chinese on-line market is on.   A 28.3 billion yuan ($4.63 billion) deal is expected to conclude between China’s on-line retail giant Alibaba Group Holding  Chinese electronics retailer Suning Commerce Group. Alibaba will invest the money to acquire...

Monthly Security Fixes Issued by Google and Samsung after Unveiling of Latest Android Bug

After the unveiling of hacking software ‘Stagefright’, Google Inc and Samsung Electronics Co announced the release of monthly security fixes for Android phones. The world's most popular mobile operating system is the target of the newly designed hacking software.   Stagefrieght was unveiled...

Tesla Model X Launch Uncertain, Delay Likely to Throw Company Production off-Gear

Facing a dual blow of reporting net loss for the second quarter and a predicted reduced vehicle output target for this fiscal, auto maker Tesla Motors shares tumbled under pressure this week.   The American car maker had posted a $184 million net loss for the second quarter of this fiscal...
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