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…
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…
Chinese search engine Baidu BIDU posted a 40% increase in first-quarter revenue that met our expectations, although margins came under pressure due to aggressive investments in mobile Internet. We believe these strategic investments behind product innovation, engineering talents, network infrastructure, and marketing campaigns are critical to fortifying Baidu’s competitiveness in the fastgrowing mobile Internet space…
Driven by a desire to promote human dignity, Dignitas International, a Malawi-based charity that has provided medical assistance to 200,000 residents in the land-locked nation since 2004. The organisation is now turning its attention to a challenge of an entirely different kind: transaction fees. “Dignitas has to deal with high credit card and transaction fees…
Avon Products AVP announced on Friday that independent chairman Fred Hassan would be stepping down immediately in light of ” his other professional commitments” (which presently include working as a managing director and partner at private-equity firm Warburg Pincus, as well as a director at Time Warner TWX and chairman of Bausch and Lomb) ….
An event dubbed “part art exhibition, part technology convention” is set to explore the boundaries between bitcoin and the art world later this month. Artists, collectors and bitcoin enthusiasts alike will head to the Bitcoin Meets Art event at Stockholm’s Capitol concert venue on 23rd August for a fresh take on the art market. The…
