Industry News

Facebook increasing its quarterly profit to over $2 billion in the three months ended 30 June, a mere six months after it hit $1 billion is significant, but there's something even more important in the numbers presented by the company's founder-chief executive officer Mark Zuckerberg on Wednesday. And that's an inflection point that highlights even more troubled days for print media companies. Total revenue grew by 59% year-on-year to $6.4 billion, and..."/>
Facebook results deliver more bad news for newspapers [Mint, New Delhi]
Flipkart's godfather in New York [Mint, New Delhi]
Optimistic luxury [Mint, New Delhi]
Amazon.com Inc.' s India unit has expanded its global selling programme, allowing local merchants to sell in nine countries including the US, UK and Canada, a move that could help the company attract more sellers. Since its launch in May last year with 200 sellers who could sell in the US and the UK, the programme now has about 12,000 merchants, about 12% of Amazon's 100,000- strong merchant base in India, selling in nine countries: the US, Japan, Canada, France, Germany, Spain, Italy,..."/>
Amazon India expands its global selling programme [Mint, New Delhi]
Financial Technologies India Ltd, whose assets worth Rs.2, 000 crore were seized by the Mumbai Police's economic offences wing on 20 July, on Thursday told the Bombay high court that it needs Rs.21 crore to meet immediate operational and routine expenses. FTIL had moved court a day after the seizure, seeking a stay and interim relief on the proceedings. The high court did not grant an interim relief, but allowed FTIL, recently renamed 63 Moons Technologies Ltd, to..."/>
FTIL claims Rs21 crore as immediate expenses in Bombay high court [Mint, New Delhi]
Bharti Airtel Ltd has taken its Open Network initiative outdoor. Initiating the outdoor campaign, India's largest telecom operator has placed a large interactive touch-screen at a bus shelter in Delhi's busy Nehru Place area. The screen lets customers experience Open Network by checking Airtel's network coverage, signal strength and telecom tower deployment."/>
Airtel goes outdoor to promote Open Network [Mint, New Delhi]
Facebook increasing its quarterly profit to over $2 billion in the three months ended 30 June, a mere six months after it hit $1 billion is significant, but there's something even more important in the numbers presented by the company's founder-chief executive officer Mark Zuckerberg on Wednesday. And that's an inflection point that highlights even more troubled days for print media companies. Total revenue grew by 59% year-on-year to $6.4 billion, and..."/>
Facebook results deliver more bad news for newspapers [Mint, New Delhi]
Krispy Kreme Doughnuts, Inc. has closed the acquisition of US-based investment company JAB Beech Inc. for USD 21 per share in cash, or a total equity value of approximately USD 1.35 bn, the company said. JAB Beech is an indirect controlled subsidiary of JAB Holding Company in which BDT Capital Partners is a..."/>
M and A Navigator: Deal pipeline –28 July
Oracle. The Oracle certification means that firms using Oracle's PeopleSoft systems will now be able to include Time Clock Plus time management products in their suite of services. "PeopleSoft doesn't provide a time collection device, so those companies using it have to find a..."/>
TimeClock Plus announces Oracle certification [San Angelo Standard-Times, Texas]
BRIEF: DAILY OIL PRICE: July 28 [Odessa American, Texas]
MercadoLibre, Inc. intends to release financial results for its second fiscal quarter ended June 30, 2016 on August 4th, 2016 after the close of the day's trading.. The Company will host a conference call and audio webcast on August 4th, 2016 at 4:30 p.m. Eastern Time. The conference call may be accessed by dialing 303-7209/ 315-0420 and requesting inclusion in the call for MercadoLibre."/>
MercadoLibre, Inc. to Report Second Quarter 2016 Financial Results
Concurrent Confirms Receipt of Director Nominations
Bankrate, Inc. announced today that it plans to hold a conference call on August 4, 2016 at 5:00 p.m. Eastern time to discuss the company's second quarter 2016 financial results. The call will be led by Bankrate's President and Chief Executive Officer, Kenneth S. Esterow. Also participating in the call will be Steven D. Barnhart, Senior Vice President and Chief Financial Officer of Bankrate, Inc. A press release on the results for the quarter will be..."/>
Bankrate Schedules Conference Call Announcing Second Quarter 2016 Earnings
Wayside Technology Group, Inc.. Q2 2016: Revenue: $105.3 million Income from operations: $2.2 million Net income: $1.5 million Diluted earnings per share: $0.34 per share Dividend declared- $0.17 per share. Wayside Technology Group, Inc. today announced financial results for the second quarter ended June 30, 2016. The results will be discussed in a conference call to be held on Friday, July 29, 2016 at 10:00 a.m. EDT."/>
Wayside Technology Group, Inc. Reports 2016 Second Quarter Results and Declares Quarterly Dividend
NVIDIA will host a conference call on Thursday, Aug. 11, at 2 p.m. PT to discuss its financial results for the second quarter of fiscal year 2017, ending July 31, 2016.. The call will be webcast live at the following websites: www.nvidia.com and www.streetevents.com."/>
NVIDIA Sets Conference Call for Second-Quarter Financial Results
Linear Technology Corporation in connection with the proposed acquisition of the Company by Analog Devices Inc.. On July 26, 2016, the Company announced it had reached a definitive agreement for ADI to acquire all outstanding shares of LLTC in a cash-and-stock transaction valued at approximately $14.8 billion."/>
Linear Technology Corporation Acquisition May Not Be in the Best Interests of LLTC Shareholders
Alphabet on Thursday beat Wall Street expectations on several fronts, chalking up $21.5 billion in second-quarter revenue, a 21 percent increase over the same period last year. Analysts had predicted revenue of $20.8 billion for the second quarter of 2016.. Alphabet's quarterly report also revealed the firm has added more than 9,000 workers over the past year, bringing the workforce up to 66,575.."/>
BRIEF: Google revenue surges [East Bay Times]

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