Panasonic Corp, Fujitsu Ltd and others, seeking niche business opportunities to offset a downturn in demand for their consumer electronics, are touting automated greenhouses and sensor-controlled fields that ensure constant conditions to produce high-quality vegetables all year-round.» Read More
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco said $250- $350 million of the charges would be recognized in the first quarter.
*Chinese academic took "huge rewards" from Qualcomm- Xinhua. BEIJING, Aug 14- Qualcomm Inc, under investigation for possible monopolistic practices in China, said it had no direct financial links with an antitrust expert sacked from a government advisory post after state media reported he had received payments from the firm.
Online shopping is still in its infancy in India at $2.3 billion of an overall $421 billion retail market in 2013, according to research firm Crisil.
BEIJING— Lenovo Group, the world's biggest personal computer maker, said Thursday its latest quarterly profit rose 23 percent on strong growth in sales of smartphones and other mobile devices.
SAN FRANCISCO— Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices.
NEW YORK— Matt Cottle is one of a few known small business owners with autism, a brain disorder that affects a person's ability to comprehend, communicate and interact socially. NEW YORK— Amazon's new credit-card processing device and mobile app is designed to help small business owners accept payments through their smartphones and tablets.
Aug 13- Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. Shares in the company slipped 2.7 percent to $24.90 in extended trading, from a $25.20 close on the Nasdaq.
Cisco delivered quarterly earnings and revenue that surpassed analysts' expectations on Wednesday.
Aug 13- NetApp Inc reported better-than-expected first-quarter results as sales of its branded storage equipment rose, sending its shares up as much as 3 percent after the bell. NetApp's branded product revenue, which accounts for 91 percent of total revenue, rose 0.7 percent in the quarter ended July 25.
Aug 13- Network equipment maker Cisco Systems Inc posted a smaller-than-expected 0.5 percent dip in quarterly revenue, as the company makes a transition through a new cycle of high-end switches and routers. Cisco reported revenue of $12.4 billion, effectively flat from a year earlier.
Aug 13- NetApp Inc reported better-than-expected quarterly results, helped by higher branded storage equipment sales and increased revenue from hardware maintenance contracts. The company's net income rose to $88 million, or 27 cents per share, in the first quarter ended July 25, from $82 million, or 23 cents per share, a year earlier.
LAS VEGAS— Las Vegas visitors can now hail a ride from a taxi or limo company using their smartphone, even if they can't use the popular ridesharing apps available in many other U.S. cities. It also adds a $5 fee to each ride hailed through the app; that money goes to Ride Genie. The vehicles typically cost about $50 an hour, including a $5 fuel surcharge.
Aug 13- When Amazon.com Inc was developing its most advanced tablet to date, it asked a little-known company to solve a tricky problem with the screen: how to produce rich colors without draining battery life.
NEW YORK— Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through their smartphones and tablets.
All is fair, they say, in love and war. And Uber and Lyft, two smartphone-based car services, are most certainly at war. NYT reports.
SAN FRANCISCO, Aug 12- An Activision Blizzard executive said on Tuesday the company's upcoming "Destiny" shooter game has set a video game industry record as the most pre-ordered new title.
Activision Publishing Chief Executive Eric Hirshberg, speaking at the Gamescom video game conference in Cologne, Germany, said the game is "the most pre-ordered new IP in history," according to video game retailer GameStop.
NEW YORK— NEW YORK— Wal-Mart thought shoppers would like the opportunity to use a smartphone app to scan items they want to buy as they walk through store aisles. But customers couldn't figure out how to work the "Scan& Go" app during tests in 200 stores, so Wal-Mart nixed it.
*Recent successes include Spain's Gowex. LONDON, Aug 12- Fund managers are increasingly turning to investigative tactics, detailed accounting analysis and corporate sleuthing in a bid to uncover skeletons in company closets that can offer an investment edge in a low-yield world.