The big disappointment about Facebook’s quarterly results last week was Facebook Inc (NASDAQ FB)’s forward guidance that revenues for Q4 and for 2015 would be below Wall Street expectations. Facebook warned that its Q4 revenue would fall between $3.6-$3.8 billion, a 40-47% higher year-over-year increase. 40-47% growth may sound impressive, but it is far below…
The Medicines Co (MDCO) announced that the U.S. District Court for the Northern District of Illinois has ruled in its favor in a patent infringement lawsuit against Mylan, Inc (MYL). Mylan was looking to get its generic version of The Medicines Co.’s Angiomax (European trade name: Angiox) approved in the U.S. The Medicines Co. stated…
Bitcoin firm BitX, which focuses on bringing bitcoin services to emerging markets, has added Malaysia to its stable of exchanges. The new exchange, which has been operating live for two weeks now, allows Malaysians to link local bank accounts for both deposits and withdrawals in the local currency, the ringgit. In keeping with BitX’s goal…
Microsoft Corporation (NASDAQ MSFT) officially ended the sale of the retail copies of its Windows 7 and Windows 8 operating systems. Microsoft is expected to launch Windows 10 next year. The new operating system combines the features of Windows 7 and Windows 8. The software giant announced its decision to stop selling Windows 7 and…
Google Inc (NASDAQ GOOG) has made history with its Internet innovation – but now it’s about to leave the same mark on another industry. GOOG knows the healthcare sector is one of the fastest-growing markets today. Healthcare is a $2.8 trillion-a-year industry in the United States alone. Healthcare spending currently accounts for 18% of the…
Facebook Inc (NASDAQ FB) stock spiked in early trading on Monday following a report from Morgan Stanley which initiated coverage assigning an Overweight rating and a price target of $90 on the stock. Morgan Stanley’s Benjamin Swinburne also tells investors not to worry about the rising expenses. Facebook’s increasing expenses will hurt the stock in…
