Industry News

Apple Inc., chief executive officer Tim Cook said at the technology company's earnings announcement on Tuesday. In an earnings call that followed, he added that iPhone sales in India in the first three quarters of this fiscal year had grown 51% from a year ago. According to chief financial officer Luca Maestri, the company saw healthy growth in several "important markets", including Russia, Brazil, Turkey, India, and..."/>
Apple reaffirms India retail store plans as iPhone sales stay strong [Mint, New Delhi]
Facebook, Ready Set Rocket, a New York..."/>
Paytm, Zomato in Interbrand Breakthrough Brands list [Mint, New Delhi]
Facebook wall. "I would like to inform all of you that henceforth I will not be singing in Chennai's December Music Season. Right from when I was five or six the' season' has been part of my musical universe and I have learnt so much from musicians, musicologists, scholars and rasikas."/>
T.M. Krishna: a non-conformist who seeks to democratize Carnatic music [Mint, New Delhi]
Apple Inc.' s chief executive Tim Cook has reaffirmed the iPhone-maker's plans to open its own retail stores in India, which he described as one of its fastest-growing markets. "We're looking forward to opening retail stores in India down the road, and we see huge potential for that vibrant country," said Cook on Wednesday. He had visited India in May."/>
Apple reaffirms India retail store plans as iPhone sales stay strong [Mint, New Delhi]
Sprint Corp. will renew only portions of its wireless network management contract with Ericsson in September, a move that will return some employees to the Overland Park-based carrier. Sprint's chief technology officer John Saw revealed the plan in a blog post on Sprint's website. He offered no numbers on how many employees would switch companies."/>
Sprint to reclaim some employees as Ericsson contract ends [The Kansas City Star]
Qualcomm has agreed to pay $19.5 million to settle a looming gender discrimination lawsuit that alleged women engineers faced systemic roadblocks to equal pay and promotions at the company. The settlement covers 3,300 women nationwide who work in science, technology, engineering and math jobs at Qualcomm over a roughly four year period. The San Diego smartphone chip designer denied wrongdoing but agreed to change policies to help prevent pay and promotion..."/>
Qualcomm enters $19.5 million gender bias settlement [The San Diego Union-Tribune]
Digimarc Corporation today announced that Diadeis, one of the world's leading and fastest growing design and premedia agencies, has become a certified provider of the Digimarc Barcode. The partnership between Diadeis and Digimarc provides an opportunity for brands to enhance the consumer shopping experience. The Digimarc Barcode, part of the Digimarc Discover ® platform, improves ease and speed of scanning at checkout, creates..."/>
Diadeis Joins Digimarc's Expanding Partner Program
NXP Announces Launch of Senior Unsecured Notes Offering
Facebook's growth gained more momentum Wednesday with the tech firm reporting second-quarter sales and earnings that smashed Wall Street's expectations. Driven by mobile ad sales, Facebook raked in $6.44 billion in revenue in the second quarter, up 59 percent from the same period last year. That's better than the $6 billion in revenue that analysts surveyed by Thomson Reuters expected from April to June."/>
Facebook's second-quarter earnings smash Wall Street's expectations [Mercury News]
Correction of EGM Information
Epiq Systems Inc. agreed Wednesday to be purchased by the owners of Atlanta-based rival DTI in a $1 billion transaction. Epiq said its two large shareholders who have challenged the company's management and performance have backed the cash deal, which prices each Epiq share at $16.50. Shares of Epiq closed Tuesday at $14.42 and gained $1.93, or 13.4 percent, after the news Wednesday, closing at $16.35."/>
Embattled Epiq Systems agrees to $1 billion buyout and merger with rival DTI [The Kansas City Star]
NXP Semiconductors Reports Second Quarter 2016 Results
Hutchinson Technology Incorporated today reported that it received a letter on July 26, 2016 from the Antitrust Division of the U.S. Department of Justice, which has opened an investigation relating to the sale of suspension assemblies for use in hard disk drives. The DOJ’ s letter stated that neither HTI nor any HTI employee is currently a subject of the DOJ investigation, but that HTI may have documents and electronic information relevant to its..."/>
Hutchinson Technology Provides Update on Legal and Regulatory Actions
Avnet, Inc., a leading global technology distributor, today unveiled a solutions specialist approach worldwide to accelerate growth in software-driven technologies. Avnet has dedicated more than 450 solutions specialists to empower the channel to capitalize on cloud, cognitive computing, data analytics, the internet of things, mobility, security and enterprise networking. Avnet has a proven track record through its core data center business that..."/>
Avnet Enhances Solutions Specialist Support for Channel Ecosystem Worldwide
BRIEF: DAILY OIL PRICE: July 27 [Odessa American, Texas]
WEX Inc.' s second-quarter earnings exceeded analyst expectations despite continued challenges related to low fuel prices and unfavorable foreign currency exchange rates. The South Portland-based corporate payment services provider said Wednesday that its total revenue for the second quarter increased by 9.5 percent to $233.9 million from $213.7 million in the second quarter of 2015.. During the quarter, fuel prices and foreign currency exchange rates..."/>
WEX quarterly earnings beat expectations despite economic headwinds [Portland Press Herald, Maine]
Schmitt Industries announced today that its Annual Meeting of Shareholders will be held on Friday, October 7, 2016 at 3:00 p.m. local time, at the Company’ s headquarters at 2765 NW Nicolai St., Portland, Oregon.. At the meeting, shareholders will be asked to elect two directors to serve three year terms expiring in 2019, approve, on an advisory basis, the compensation of the Company’ s Named Executive Officers, and transact such other business as may properly..."/>
Schmitt Industries Announces Annual Meeting Date

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