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Bankruptcy May Be Best Option For SunEdison (SUNE.N)

U.S. solar energy company SunEdison Inc. is at “substantial risk” of bankruptcy, according to a warning from one of its two publicly listed units. SunEdison had debt of $7.9 billion as of Sept. 30, excluding its yieldcos, and cash and cash equivalents of $1.3 billion. If it goes forward, the bankruptcy would be one the largest involving a non-financial company in the past 10 years. Earlier this month, SunEdison said it had identified material weaknesses in its financial reporting controls. On Monday, the Wall Street Journal reported... 
 

Google Return to China is Short Lived

Google Search, which in China has been blocked for the past six years, was said to be accessible for a short period on Sunday evening. According to the reports inside China, people living in mainland China succeeded in using Google search for over one hour. However, the shutters were then pulled down again over the giant Internet search behemoth. China has quite a significant censorship mechanism setup, which has been dubbed the Great Firewall or Golden Shield, for blocking all access to many worldwide sites that Chinese authorities have deemed... 
 

Red Hat Profit Rises During Fourth Quarter

Red Hat Inc the maker of Linux software posted an increase in its profit on Tuesday for its fourth quarter as its revenues expanded by 17%. Both revenues and earnings for the three month period topped estimates by Wall Street. Red Hat, based in Raleigh, North Carolina said its profit for the fourth quarter rose to just over $53 million equal to 29 cents per share in comparison $47.7 million equal to 26 cents per share during the same period one year ago. The adjusted earnings during the quarter were up ending the quarter at $97 million equal to... 
 

Elmer Funke Kupper Steps Down from ASX Amidst Probe

Elmer Funke Kupper the Managing Director of ASX Ltd resigned following 4 ½ years leading the company as police continue an investigation into activities of an Australian betting company in Cambodia that he formerly was in control of. Rick Holliday-Smith the Chairman at ASX said the Funke Kupper had wanted to put full focus into the ongoing investigations that could be made. Holliday-Smith will hold the role of executive chairman, while the company searches for a replacement for Funke Kupper. Funke Kupper was the head of Tabcorp Holdings from 2007... 
 

Caterpillar Predicts Earnings Miss For Q1 (CAT.N)

Caterpillar Inc. reported that it expects its first-quarter results to fall below Wall Street expectations. Caterpillar has predicted that its sales for the first quarter of 2016, ended March 31, will come in at $9.3 billion to $9.4 billion. Analysts expected first quarter sales closer to $10.3 billion. Caterpillar said profit for the quarter would be 50 to 55 cents per share, or 65 to 70 cents per share excluding restructuring costs. Analysts predicted profit of 97 cents per share, excluding restructuring. Caterpillar’s mining product sales... 
 

Google Shines Spotlight on HTTPS

HTTPS is considered to be one of the keys to safer travels across the Internet. However, that will be the case only when it is implemented broadly across the web. With a goal of shedding light on the progress made thus far, on Tuesday Google launched a new part of a transparency report that is dedicated to just encryption. Included in that section, is data that highlights the progress in encryption efforts both by Google and popular third party sites. The goal with the project, said Google is to hold themselves accountable and to encourage others... 
 

Microsoft Has Dropped Support for Bitcoin from It Windows Store

Microsoft quietly has stopped its support of bitcoin payments just a year after adding support for the crypto-currency in its Windows Store. Softpedia the software encyclopedia noticed that change the first, which is confirmed through a note to its customers that they could no longer redeem the Bitcoin in a Microsoft account and that existing balances in the account would be available for making purchases from the Microsoft Store but are not refundable. A public statement has to date not been released by Microsoft about this situation or change... 
 

Proposed Rules by FCC Would Limit Data Use by Internet Providers

The U.S. government has proposed new rules for privacy that would make service providers of Internet like phone and cable companies ask users’ permission in certain instances prior to using as well as sharing their data. Using information of customers could help the ISPs make additional money from digital, targeted advertising, when the advertisers are not able to show ads that they believe will appeal to the user’s specific interests. Federal Communications Commission new proposed rules will likely face much criticism and probable lawsuits... 
 

Home Depot To Pay Close to $20 Million for Hack in 2014

The security breach of Home Depot over 18 months ago ended up being a huge embarrassment for the home improvement retailer and is now finally going to bring to a close the matter. The giant in retail do it yourself home improvement said on Tuesday that it has agreed to pay $19.5 million to customers in compensation for being caught up in the hack, where cyber attackers stole information of credit and debit card holders and email addresses for millions of shoppers at the retailer. If the offer by Home Depot is approved by the courts, this settlement... 
 

Ransomware Targeting Apple Products is on the Loose

Researchers discovered what they describe as the first real-world ransomware attack Apple’s Mac. The ransomware is on torrent software, which could put computers at risk if any has been downloaded of late. Experts in computer safety are saying that Mac users are no longer any better off than other PC users. Security researchers discovered what they say is the first ever ransomware attack that targeted users of Apple, that has made it out into the real world and it is bad news for those who like to download, as it is being spread through the torrenting... 
 

Samsonite Acquiring Tumi in $1.8 Million Deal

Samsonite International S.A. announced on Friday it would acquire Tumi Holdings for a per share price of $26.75 in a transaction of all cash that values Tumi at just over $1.8 billion, as the largest luggage group in the world expands into the luxury market. Samsonite, which is listed in Hong Kong, announced that it would be financing its acquisition with loans from banks and the transaction should be closed during the second six months of this year subject to shareholder and regulatory approvals. Investors are applauding this deal, sending shares... 
 

Qualcomm Fined in U.S. Over Corruption Allegation in China

Qualcomm settled charges with the Securities and Exchange Commission in the U.S. that said it had hired relatives of officials in China who then could influence the mobile technology products selection in the competitive market. The investigation by the SEC found as well that Qualcomm had allegedly provided entertainment, travel and gifts in an attempt to influence government officials at the telecom companies owned and operated by the government in China. The SEC said that Qualcomm had misrepresented in its records and books that the things that... 
 

Honeywell Ends Attempts At United Tech Merger (NYSE:HON)

Honeywell International Inc has ended its bid to acquire rival aircraft parts maker United Technologies Corp. in a proposed $90.7 billion deal. A combination of the two would have created a company with nearly $100 billion in revenue. The company cited United Technologies’ unwillingness to engage in negotiations as the reason for ending the merger attempt. United Tech rejected Honeywell’s offer last week, saying that regulatory delays, required divestitures and customer concerns would outweigh any synergies from combining the companies.... 
 

WhatsApp Ends Nokia and Blackberry OS Support

By the end of 2016, the instant messaging app WhatsApp will no longer work on a number of the old or nearly dead operating systems. WhatsApp said it is intending to focus on just 99.5% of the mobile market that is addressable. Therefore, it will drop support for the Blackberry OS, Blackberry 10, Nokia Symbian S60 and Nokia S40. Along with those particular changes, the company added in a post online that it would drop its support for Windows Phone 7.1 and Android 2.1 as well as 2.2. The company added that it was intending to boost its security features... 
 

Halliburton Cuts 5,000 More Jobs

Halliburton will cut 8% of its entire workforce or close to 5,000 jobs announced, the energy company based in Houston on Thursday. The new round of job cuts is to take place around the world over the upcoming weeks. It is the most recent evidence of a crisis confronting the oil industry in the U.S. as the prices of crude have dropped to lows of seven years. The industry has turned downward must faster than any had expected, said Dave Lesar the CEO at Halliburton and Jeff Miller the President in an internal memo to employees. The executives said... 
 

Huawei Aims Directly At Apple With Launch of Tablet

Huawei the Chinese tech giant unveiled on Sunday its MateBook its first try at a 2-in-1 tablet that looks to challenge Apple, Samsung and Lenovo, as the company looks to other areas to increase growth of its business dedicated to consumer devices. The new MateBook has a detachable keyboard similar to the iPad Pro by Apple and runs on the latest Microsoft Windows 10 operating system. It was launched Sunday in Barcelona at the Mobile World Congress. The device has a display of 12-inches, a front camera of 5-megapixels, storage of 512 gigabytes and... 
 

Facebook Planning to Add Ads to Messenger

A Facebook document that was leaked that had been sent to some of the largest advertisers has revealed that the social media giant will launch advertisements within its Messenger service starting in the second quarter of 2016. The document, which was obtained by a number of tech sites across the Internet but kept private in order to protest the source, says companies can send ads as messages to the people who had previously initiated a chat thread with that particular business. In order to prepare, the leaked document recommends companies get consumers... 
 

Devon Energy Slashes Dividend, Employees and Spending

Devon Energy Corp cut its dividend and its capital spending by 75% Tuesday. The company said it would lay off up to 20% of its current staff as the low prices of oil roil companies in the shale oil business. The company, based in Oklahoma City, is a top independent U.S. oil producer. It said on Tuesday it would lay off 1,000 of its staff and another 600 workers would leave later in the year in divestitures. This move by Devon marks the most recent in a series of announcements made by oil companies in the U.S. responding to the crude prices that... 
 

Japanese Economy Contracts More than Anticipated

The economy in Japan shrank more that was expected during the last quarter of 2015 as spending by consumers and exports slumped, adding to policymaker headaches already  wary from damage the rout in the financial market could inflict upon an already fragile recover. Japan’s gross domestic product shrank by 1.4% on an annualized basis for the period from October through December, bigger than a forecast by the market for a decline of 1.2% and matching a drop in the 2015 second quarter. The previous quarter ended with a revised increase of 1.3%.... 
 

Renault Profit Boost from New Models Despite Write Down in Russia

Renault’s profit for the full year rose nearly 50% during 2015 on the strong sales of its new models, but the carmaker based in France slashed its value of a stake in AvtoVaz the maker of Lada by over 225 million euros amidst a slump in the car market in Russia. Renault share rose 5% initially before giving back most of the gains after Carlos Ghosn the CEO dampened hopes of a structural change to the alliance of Renault-Nissan. A standoff of eight months over the voting right of the French government, which was resolved last December, showed the... 
 

Chesapeake Energy Not Seeking Bankruptcy Protection (NYSE:CHK)

Chesapeake Energy has formally made a statement that it would not be seeking to enter bankruptcy protection, as fears of just that spooked many of its stockholders. A news report recently stated that the natural gas producer had retained attorneys who were known to specialize in helping companies restructure their debt. The law firm, Kirkland & Ellis LLP , describes itself as a law firm that works with clients on litigation, taxes, intellectual property and restructuring matters. Share prices for Chesapeake Energy stock were down more than... 
 

Lower Costs and Higher Tire Volumes Drive Profit at Goodyear

Goodyear Tire & Rubber posted a quarterly profit that was higher than had been expected as sales volumes across the Middle East and Africa as well as Europe recovered following over a year of decline. At the same time, costs of raw materials were less expensive. Shares at the No. 1 tire maker in the U.S. were up by 9% in trading on Tuesday afternoon. Sales volume at Goodyear in its EMEA region was up 11% during its fourth quarter, driven by the strong demand for new tires. The regions represents close to one third of the total revenue of the... 
 

Hasbro Strong Growth Powered by Star Wars

Hasbro Inc reported its largest jump in revenue for the quarter in close to five years, beating estimates of analysts by a large margin, driven by the demand for the toys based on Jurassic World and Star Wars: The Force Awakens movies. Revenue for sales of toys that targeted boys, which includes action figures that are based on the two aforementioned blockbuster films that were leased in 2015, surged by 35% to end the quarter at $569.7 million. Sales industry-wide of the licensed merchandise from Star War totaled close to $700 million across the... 
 

Volvo Readying For Slowdown in U.S.

Volvo the Swedish truck maker forecast a steeper than had been expected drop in the heavy duty North American truck market for 2016 and added that it would cut its production there after it posted a slightly smaller rise than predicted in its earnings for the fourth quarter. Volvo, which is one of German Volkswagen and Daimler’s rival truck brand, has had to contend with falling demand for its commercial vehicles across the U.S. as well as Brazil and a plummeting of purchases of its equipment for construction across China. While truck sales across... 
 

Could Apple Acquire Time Warner ?

The current age will likely be remembered by many as an era fettered with corporate mergers and buyouts. In some cases, these moves keep companies alive, but in others it only means that those at the top get that much more powerful. Sometimes, though, the move might be one of greater symbiosis. For example, Time Warner is for sale, according to a recent press release, and many firms on the move are currently considering the buy. AT&T is one such company, as well as 21st Century Fox. As a matter of fact, Fox actually made a bid to acquire Time... 
 

Royal Bank of Scotland Warns of Collapse in China

About one hundred years ago—nearly a century—the United States faced one of its most traumatic single events in its short history as a nation: the Great Stock Market Crash (of 1929). It was a turbulent time in American History and one that, at least many hope, we have learned from and can prevent from happening again. Unfortunately, it appears, that financiers of the world may not have learned from this mistake as the Royal Bank of Scotland has just warned investors to brace for a “fairly cataclysmic year ahead.” In fact, in a note to bank... 
 

Apple Shares Continue to Slide (NASDAQ:AAPL)

It does not take much negative news to tip the balance on stocks like Apple. Shares of the tech giant were down another 2.5% Wednesday after falling 2.5% on Tuesday to close at $102.71. The once-hot stock is now careering toward the $100-a-share level — a price threshold bulls are hoping will finally hold. Apple’s stock hasn’t closed below $100 since late October 2014. Shares of Apple have lost about 25% of their value from last year’s high and are at their lowest close since August 2015. Once a stock investors used to... 
 
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