Shares of sportswear manufacturer Under Armour collapsed after the company published its fiscal report. The paper shows decrease in forecast on the main indicators. Under Armour’s shares fell more than 25%, to $ 21.49. The company said it expects fall in gross profit in the current year due to...

Internet campaign #deleteUber, which unfolded over the weekend, has yielded its first fruits. Mobile taxi service Uber began to actively lose customers, and for the first time its rival company Lyft outstripped Uber by number of downloads of its iPhone mobile app users. Such a sharp change in...

Homekit versus Alexa war continues to explore new solutions and technologies, while following different approaches, for securing a lead in the smart-home niche. Within a span of under a year, the “Echo speaker system” and the “Alexa voice-controlled digital” assistant’s combination introduced by...

In what can be considered a fresh headache for Toshiba Corp as it scrambles to offset a separate imminent multi-billion dollar writedown, the Japanese trust banks are preparing to sue the conglomerate over its 2015 accounting scandal.   On Friday the conglomerate said that in order to raise...

As U.S. companies turn their spending habits upside down to boost profits and to re-invest in their businesses, the number of such companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging.   Signals that a broader cross-section of U.S....

Companies see “tremendous potential for the application of blockchain”. Anna Irrera reports to Reuters that several companies including Bosch Ltd and Cisco Systems Inc have formed a consortium for working together to explore the ways to secure the usage of blockchain technology for improving IoT...

While being a very lucrative alternative means for business and sale, the digital world can dump an avalanche of orders in a short period of time, creating delays and lines that scare away customers as Starbucks' has found.   The company’s coffee shops are suffering from a feared consequence...

While analysts cheered the company's progress in diversifying its business beyond advertising, hurt by a higher tax rate, Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates.   Alphabet Chief Financial Officer Ruth Porat underscored that the company is...

While Microsoft Corp saw a slight decline in margins in the unit that includes its flagship cloud platform Azure, but helped by growth in its fast-growing cloud computing business, the company reported a 3.6 percent rise in fiscal second-quarter profit.   The company has been steered away...