COMPANIES

Procter & Gamble Cuts Earnings Forecast

IBTimes Logo
Procter & Gamble Company (NYSE: PG) on Wednesday cut its second-quarter earnings forecast due to slowing demand in developed economies and the effect of a strong dollar.

Apple iPhone 5 Expectations Could Cause A Pause In Purchase Of iPhones Prior To Fall Release, Says Analyst

Apple iPhone 5 "4-Inch" Concept - Design By Spencer Caldwell
The next generation Apple iPhone, unofficially dubbed the iPhone 5, has already created much hype around the tech world months before its expected release. But according to Pacific Crest analyst Andy Hargreaves, high expectations related to iPhone 5 among Apple fans all around the world could cause a larger-than-expected pause in buying iPhones ahead of the device's release later this year.
More news
IBTimes Logo

JC Penney Shares Plunge After President Departs

Shares of J.C. Penney Company, Inc. (NYSE: JCP) plunged mid-Tuesday by 10.15 percent, or $2.47, to $21.86 in the wake of president Michael Francis' departure, as the department store struggles to change its discount model and increase revenue.
Microsoft Surface: 5 Tablet Features That Trump Apple's iPad

Microsoft Surface: 5 Tablet Features That Trump Apple's iPad

In a radical shift for Bill Gates' 37-year-old software company, Microsoft unveiled a tablet in Los Angeles on Monday. The Surface aims to be a direct competitor to Apple's iPad, sporting a form factor that's thinner than Apple's tablet, and it also tackles several things the award-winning iPad can't do, like type well or stand up straight.
IBTimes Logo

LG Scratches Tablet After Microsoft?s ?Surface? Intro

South Korean electronics giant LG Group said it would step back from the tablet sector after Microsoft (Nasdaq: MSFT), the biggest software developer, introduced its Surface tablet for shipment in the second half.
Facebook

Facebook?s Rehabilitation - A Month Post-IPO, Baby Steps In Recovery

On May 18, Facebook closed its first day as a public company at $38.23, valuing itself around $105 billion. On Tuesday at mid-day, it traded near $31.50. Still, despite the vilification of the IPO, the slumping share price and dozens of class action lawsuits filed in federal courts in New York and California, Facebook, a damaged brand, has followed the advice of New York image guru Clive Chajet who said it should ignore the press and stick to its knitting.
Krumm of Germany drives his Nissan DeltaWing Number 0 during the Le Mans 24-hour sportscar race in Le Mans.

'Satoshi Motoyama Is Our Hero!' Nissan DeltaWing Driver Real Hero Of Le Mans 2012 [VIDEO]

In what was possibly the most dramatic moment in this weekend's 24 Heures Du Mans, the experimental and much anticipated Nissan DeltaWing racing car, which promised to revolutionize the sport, was struck by a LMP1-class Toyota racer, sending it flying into the tires and prematurely ending its day at the races. However, the real story was just beginning when the car flew off the track.
IBTimes Logo

Chinese Car Companies Hiring European Designers

State-owned Beijing Automotive Industry Holding Company (commonly known as Beijing Automotive Group or BAIC) hired Leonardo Fioravanti, legendary designer of the Ferrari Daytona, to transform the Chinese car conglomerate into a world-class maker of luxury cars by 2025, according to Bloomberg News.
Facebook

Facebook To Pay $10 Million To End Calif. Lawsuit

Facebook (Nasdaq: FB), the No. 1 social networking site, said it would pay $10 million to charity to settle a California lawsuit in which five members claimed it has violated their privacy rights.
IBTimes Logo

Technology Focus: Wielding The Cash Weapon

Are U.S. technology companies fast-growing enterprises or are they banks? In a time when banks are enduring federal ?stress tests? of their ability to withstand a crisis, the tech sector seems to be rolling in money.
iOS 6 Features Apple Didn't Show Off At WWDC 2012

iOS 6 Features Apple Didn't Show At WWDC 2012

As expected, Apple unveiled iOS 6 -- the next-gen mobile operating system for the iPhone, iPad and iPod Touch -- the 2012 Worldwide Developers Conference (WWDC) in San Francisco. Nobody knew what Apple would include in its latest update for iOS, but with more than 200 new features added to the mobile platform, this will the most comprehensive update Apple has ever released to its mobile devices.
Microsoft' Ballmer at CES 2011

Microsoft Tablet? Buzz Says iPad Rival Due

Microsoft (Nasdaq: MSFT), the world's biggest software company, is expected to make a new consumer push by announcing its own Windows Tablet for shipment next quarter, industry analysts said.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.