Investor got shocked upon Amazon.com Inc announces a far weaker-than-expected outlook for the decisive holiday season quarter as it spent a lot on its new Kindle Fire tablet computer.
The stock fell down 12 percent Tuesday in comprehensive trading as the news raised concerning Amazon’s loses some of the revenue momentum, which had helped investors forget its razor-thin profit margins.
In the third quarter, Netflix Inc lost more customers than it expected and is waiting for more defections to come, which pushes its shares down 27 percent as the one-time Wall Street star struggles with the outcomes from a price upsurge and other unpopular moves.
BBX, the operating system that Research In Motion depended upon in reviving its floundering BlackBerry franchise, has run into difficulty even earlier the company could install the system in its smartphone line.
A New Mexico firm asserts the “BBX” name is secluded by trademarks it holds and is threatening tin taking legal action against RIM unless it discontinues using the moniker.
Some law firm in the United states is thinking of pressing charges against the recent Research In Motion Ltd for last week’s outage. The said outage has crippled email and messaging services for tens of millions of users around the world. Consumer lawyers trying to find out if customers have common claims against the BlackBerry Read more
A man claims that he is one half the owner of Facebook replaces his lawyer for the third time.
Paul Ceglia, the petitioner, asked U.S. Magistrate Judge Leslie Foschio in Buffalo, New York to delay his case for at least three weeks following the withdrawal of his lead lawyer, Jeffrey Lake from the case.