financial

Facebook Messenger adds money sending feature

Facebook Messenger adds money sending feature

If you're a Facebook user, there's a good chance you access the social network primarily through your mobile device -- and that you're likely friends with your real-life friends, making Facebook Messenger a convenient way to call or message someone. Facebook wants to extend the usefulness of its Messenger service, however, and it'll be doing so by adding a money-sending feature. Such functionality won't be arriving for every user today, but when it does arrive it'll be a simplistic way to send someone cash.

Continue Reading

Apple to join ‘The Dow’ on March 18, replacing AT&T

Apple to join ‘The Dow’ on March 18, replacing AT&T

In a move everyone saw coming, Apple has joined the Dow Jones Industrial Average, supplanting AT&T on the list. Apple, the world’s most valuable company, saw an incredibly positive holiday quarter on the back of the iPhone 6 and 6 Plus, bringing in $18 billion in profit, the most by any company — ever. Most believe their success will ramp up even further with the Apple Watch, which is set to debut Monday, and make its way to stores next month.

Continue Reading

Hackers rob banks around the world of over $300 million

Hackers rob banks around the world of over $300 million

In what is appearing to be one of the largest bank thefts across the globe, hackers have managed to steal over $300 million from more than 100 banks in 30 different countries. The new comes from a Kaspersky Labs report given to the New York Times, which explains a large-scale, sophisticated malware was used since 2013 to siphon the money from financial institutions. No banks have officially come forward to disclose the security breaches, but victims include those in Russia, the U.S., Europe, and Japan.

Continue Reading

Lenovo’s Q3 2014 saw revenue jump, PC market domination

Lenovo’s Q3 2014 saw revenue jump, PC market domination

Lenovo has posted its Q3 2014 earnings, and in it we see some good news tempered by a few hiccups. Revenue for the quarter ending on December 31 saw a 31-percent year-on-year increase, hitting $14.1 billion. Pre-tax income (when accounting for expenses) was down 15-percent versus the same quarter last year, however, at $274 million, and Q3's net income saw a 5-percent year-on-year decrease at $253 million. The company managed to hit a new milestone in PC market share, and credits PCs with 65-percent of its revenue.

Continue Reading

Samsung’s Q4 earnings report shows company down but not out

Samsung’s Q4 earnings report shows company down but not out

Many companies have dropped their latest earnings report today, and included among them is Samsung. The Korean company saw profits of 5.35 trillion won/$4.9 billion in its fourth quarter (ending December 31), an unfortunate decrease from the previous year of 27-percent. The results aren't all that surprising given the company's struggles in the recent past, but there was a glimmer of light through it all: the quarter's revenue was on the upswing with an 11-percent quarter-on-quarter increase to 52.73 trillion won.

Continue Reading

Indiegogo launches Life site to fund personal projects

Indiegogo launches Life site to fund personal projects

Crowdfunding sites abound, with Kickstarter and Indiegogo being the two most recognizable of the bunch. Some of the services are welcoming to all types of funding projects, while others are fairly narrow in what can be posted. To lay any confusion about its own service to rest, Indiegogo has launched a new portal called Life that is dedicated specifically to personal projects in whatever form they might be -- funding for medical treatment, social efforts, and more.

Continue Reading

Bitcoin user arrested for $4.5M Ponzi scheme

Bitcoin user arrested for $4.5M Ponzi scheme

Trendon Shavers, from Texas, was arrested this week and charged with several counts of fraud for running a Bitcoin Ponzi scheme that earned over $4 million. He is now facing a maximum prison sentence of 20 years each for one count of securities fraud and one count of wire fraud, in addition to civil charges from the SEC (Securities and Exchange Commission) in 2013 that resulted in the order to pay $40 million in fines.

Continue Reading

Lenovo’s 2014 Q2 saw upswing in profits, new record

Lenovo’s 2014 Q2 saw upswing in profits, new record

Lenovo's second quarter financial report is in, and in it we see profits on the upswing, with the company hitting a 7-percent revenue increase over the same quarter last year. With its numbers, Lenovo managed to take top slot in the PC+Tablet category and saw a record number of shipments across its tablets, PCs, and smartphone at 35.6 million units. Said Lenovo's CEO and Chairman Yuanqing Yang on the company's new #1 slot, "In May, we set this as a two year goal, but achieved it in two quarters."

Continue Reading

Samsung’s third quarter suffered expected financial stumbles

Samsung’s third quarter suffered expected financial stumbles

A regularly filing earlier this month revealed that Samsung's 2014 third quarter profits would show a big stumble over past quarters, with it being expected that the company would be showing three-year lows. The official quarterly results report is in, and in it we see the same story: in the quarter ending on September 30, Samsung's revenue and operating profit were both down quarter-on-quarter. This marks the company's second straight quarter of stumbles in its IT and mobile division, and the company is banking on holiday sales propping it up in Q4.

Continue Reading

Amazon loses big, but the worst is yet to come

Amazon loses big, but the worst is yet to come

It's not looking especially good at Amazon right this minute for investors. While operating loss was $25 million USD in Amazon's Q3 of 2013, this quarter (one year later), they've reported operating loss at $544 million. Net loss, on the other hand, was $41 million at this time last year and $437 million this quarter. On a more positive side, Amazon introduced several new products this quarter and increased net sales 20% to $20.58 billion this quarter compared to $17.09 billion one year ago. It may be time for a fire sale, nonetheless.

Continue Reading

1 2 3 4 5 Next