Samsung Profit Slides Despite The S6 Edge Shortage

Such is the haphazard and cutthroat nature of the smartphone market that even the world’s leading vendors get it wrong sometimes when it comes to anticipating demand — and that can have a detrimental effect on revenues. Samsung says it probably miss forecasts for the second quarter, with operating profit from April to June likely to slide 4% on an annual basis to 6.9 trillion won ($6.13 billion). Analysts had forecast earnings at 7.2...

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The Best Selling Vehicles Of Ford Philippines

MANILA – Ford Philippines posted a 10 percent sales increase in June led by continued demand for the EcoSport, Ranger, and Explorer. Ford said it sold 1,870 units in June, its best-ever performance for the period. Ford's top-selling model in the Philippines, the Ranger, sold 755 units in June, up 26 percent year-over-year. EcoSport's sales also increased 59 percent year-over-year to 767 units. The Explorer SUV, meanwhile, posted sales of...

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NTC Approved Globe Takeover Of Bayantel

MANILA, Philippines – The National Telecommunications Commission (NTC) finally gave Globe Telecom Incorporated the green light to take over Bayan Telecommunications Incorporated (Bayantel). In a 19-page decision, the NTC approved the joint application filed by Globe and Bayantel for a debt to equity transaction, wherein Globe would take at least 54% controlling stake in Bayantel. NTC commissioner Gamaliel Cordoba, deputy commissioner Carlo...

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Paypal Will Soon Buy Xoom Corporation

PayPal has announced that it will buy digital money transfer provider Xoom for $890m (€804m) as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay. The offer price of $25 per share in cash represents a premium of about 21pc to Xoom's Wednesday closing price of $20.70. Xoom shares surged on the announcement and were trading around the offer price in...

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Google Build "Campuses" Where Entrepreneurs Can Flourish

Google started in a small, Menlo Park garage 17 years ago. Now, in a nod to its humble beginnings, it is building "campuses" around the world intended as fertile ground where entrepreneurs can flourish. A campus that opened last month in Madrid was the fourth such start-up nurturing facility opened by a Google for Entrepreneurs team at the California-based Internet titan. The first campus opened in London in 2012, followed by one in Tel Aviv...

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