Intel Corporation (NASDAQ:INTC) will receive a government grant of $300 million over five years and will be eligible to pay a corporate tax rate of only 5pc for a 10-year period, the finance ministry said. The US chip giant plans to hire close to 1,000 more workers at the plant by 2023, in addition to…
Hewlett-Packard Company (NYSE:HPQ) is stepping up its cloud efforts, unveiling a deal to buy Eucalyptus, which provides open-source software for the computing service. Financial terms weren’t disclosed. Eucalyptus Chief Executive Marten Mickos, who was once chief executive of MySQL, the open source database developer sold to Sun Microsystems Inc. in 2008, will join H-P as…
TheStreet Ratings team reiterates its “buy” rating on Sirius XM Holdings Inc. (NASDAQ:SIRI) with a ratings score of B-. Sirius XM Holdings Inc. (NASDAQ:SIRI) belongs to Services sector. Its net profit margin is 8.70% and weekly performance is -1.95%. On last trading day company shares ended up $3.52. Sirius XM Holdings Inc. (NASDAQ:SIRI) distance from…
General Motors Company (NYSE:GM) is recalling 221,000 cars due to a parking brake issue with its 2013-2015 Cadillac XTS and the 2014-2015 Chevrolet Impala models, the company announced over the weekend. General Motors Company (NYSE:GM) belongs to Consumer Goods sector. Its net profit margin is 3.10% and weekly performance is -0.56%. On last trading day…
On Sept. 17, Hercules Offshore, Inc. (NASDAQ:HERO) announced that it has published the September Fleet Status Report (“the Report”). The Report includes the Hercules Offshore Rig Fleet Status (as of September 17, 2014), which contains detailed contract information for each of the Company’s drilling rigs. The Report also includes the Hercules Offshore Liftboat Fleet Status…
Google Inc (NASDAQ:GOOG) Chairman Eric Schmidt said the world’s biggest Internet search company made a mistake in funding a political group that opposes U.S. action on climate change. Schmidt said Google paid the American Legislative Exchange Council as part of a lobbying campaign on an unrelated issue. Without elaborating on Google’s relationship with the group,…
