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Thursday, April 24, 2014
Apple splitting stock as iPhone sales soar
Apple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil "the next big thing."
AT&T's wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades.
Shares of TPK Holding Co. outperformed the broader market on Wednesday after the touch panel maker announced a day earlier that it turned a profit in the first quarter, dealers said.
WhatsApp now has 500 million regular users around the world, the free mobile messaging service being acquired by Facebook said.
HTC Corp. on Wednesday denied a report that the Taiwanese smartphone maker is considering buying rival Nokia Oyj's factory in Chennai to give it better and faster access to the Indian market.
Japan's Seibu Holdings jumps 11 percent
Japanese railway and hotels giant Seibu Holdings jumped nearly 11 percent on its return to the Tokyo stock market Wednesday, a decade after it was de-listed following a major accounting scandal.
McDonald's is fighting to hold onto customers in the U.S.
South Korea's LG Household & Healthcare said Wednesday it was considering a purchase of global cosmetics giant Elizabeth Arden.
A former pharmaceutical executive has been sentenced to 15 months in prison for his role in an insider trading scheme.
The maverick founder of Russia's top social network, Pavel Durov, said Tuesday he had fled the country after selling his share in the company under pressure from the security services.
  
  
  
  
  
  
  
  
  
  
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