Carrier China Telecom CHA increased first-quarter revenue 15% year over year to CNY 78 billion ($12.6 billion) thanks to strong mobile service revenue and handset sales. EBITDA grew at a much faster pace of 36%, as the firm benefited from scale efficiencies on its 3G network after it acquired the assets from its parent at…
PRevious Few Days have been very eventful for the Biotech Stocks. Last week, earnings remained in focus with several companies reporting their second quarter results. While Amgen’s (AMGN) results remained impressive, Vertex (VRTX) posted a wider loss. Meanwhile, Regeneron (REGN) missed earnings expectations by a pretty wide margin though Eylea sales continued to impress. Among…
Less than a month after it first began accepting bitcoin, Dell has received 85 BTC (over $50,000) for a PowerEdge server order. NewsBTC first reported the story after Dell CEO Michael Dell tweeted the following:”Recieved PowerEdge server order @ http://dell.com for more than 85 #bitcoin (~$50K USD) #Dellbitcoin” It’s not known exactly who placed the…
Google Inc (NASDAQ GOOG) released an earnings report that impressed the market on Thursday afternoon, but not all of the company’s numbers were positive. The firm’s Cost Per Click, or CPC, is a key measure of the quality of its advertising, but the metric contracted in the second quarter. Though analysts were expecting the declines,…
Apple (NASDAQ AAPL) is the latest technology company to fall victim to government restrictions in China. The Chinese government has removed ten Apple Inc. NASDAQ:AAPL products from its official government procurement list, including the iPad, iPad Mini, Macbook Air and Macbook Pro. The full list of exclusions has not yet been released, but will presumably…
Facebook (NASDAQ FB) is witnessing quite a few insider selling since past few weeks, with Vice president Fischer being the latest. Facebook Inc (NASDAQ FB) VP David B. Fischer has sold 36,000 shares of the company’s stock holding in a transaction completed on August 7th. Fischer sold the shares at an average price of $73.19…
