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SunTrust Admits They Were Wrong On Fitbit, Downgrades Stock To Hold
Thursday, November 3, 2016 - 9:57am | 297Although Fitbit Inc (NYSE: FIT) reported broadly in-line Q3 results, its Q4 guidance implied a sharp decline, raising questions around “customer demand, and the category's maturity,” SunTrust Robinson Humphrey’s Robert S. Peck said in a report. He downgraded the rating on the...
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Thailand Central Banks Warn Of ATM Hackings; 'Cyber-Gang' From Europe Blamed
Tuesday, August 30, 2016 - 10:16am | 333Thailand's central bank was forced to issue a warning to all commercial banks that their banking systems could be vulnerable to cyber-attacks. According to the Bangkok Post, the central bank of Thailand (BoT) said that a gang of cyber-criminals from Eastern Europe stole 12 million baht, or $350,000...
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Can Chrysler Re-Energize Its Brand With A Minivan?
Tuesday, January 19, 2016 - 2:25pm | 413The minivan has been the quintessential family vehicle since its introduction to markets in 1983. With three rows of seating and ample storage room, the minivan has become synonymous with having a family in American pop culture. Despite that, many automakers like General Motors Company (NYSE: GM)...
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Facebook Testing 'Moneypenny,' A Virtual Assistant For Messenger
Tuesday, July 14, 2015 - 1:42pm | 337Tech website The Information recently revealed that social media giant Facebook Inc (NASDAQ: FB) is testing a virtual assistant feature for mobile devices called "Moneypenny." Michael Learmonth, editor of tech, media and culture at International Business Times, was on CNBC Tuesday to...
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Why Facebook And Google Dropped Satellite Internet Plans
Tuesday, June 9, 2015 - 3:25pm | 327Recent reports have highlighted that both Facebook Inc (NASDAQ: FB) and Google Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) are doing away with plans of providing Internet access through satellite. Michael Learmonth, Technology Editor at International Business Times, was on CNBC to discuss why the...
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Why Apple's HomeKit Is Not Making Much Noise
Friday, May 15, 2015 - 12:37pm | 317Apple Inc. (NASDAQ: AAPL) last year announced HomeKit, a system that will allow users to control lighting, heat and devices at their homes. The company recently announced that it will be launching HomeKit devices in June. Abigail Elise, International Business Times tech reporter, was on CNBC...
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Periscope Or Meerkat: Who'll Emerge The Winner Of Live Streaming?
Friday, March 27, 2015 - 3:52pm | 330Twitter Inc (NYSE: TWTR) is betting it big on live streaming to be the next big thing in video sharing space with its recently acquired app, Periscope. However, it is expected to face some tough competition from a similar service, Meerkat. Michael Learmonth, editor of tech, media and culture at...
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Time Warner Spikes Amid Apple/HBO Talks Over Standalone Streaming Service
Wednesday, March 4, 2015 - 5:01pm | 286Shares of Time Warner Inc (NYSE: TWX) spiked up Wednesday afternoon after news came out about Apple Inc. (NASDAQ: AAPL) being in talks with HBO. According to an International Business Times report, HBO intends to make Apple TV one of the launch partners for its "HBO Now" streaming...
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Can Patent Lawsuits Really Block The Sales Of iPhone?
Friday, February 27, 2015 - 3:11pm | 330Telecom equipment maker Ericsson (ADR) (NASDAQ: ERIC) announced Friday that it will be suing Apple Inc. (NASDAQ: AAPL) for infringing on 41 of its mobile related patents. Through the lawsuit, Ericsson will seek to block the sale of iPhone and iPads in the U.S. International Business Times Tech...
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How To Make The Next Version Of Google Glass A Success
Tuesday, January 20, 2015 - 9:31am | 367Google Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) announced recently that it will be discontinuing its current Google Glass and will come up with a new one in some time. Michael Learmonth, Technology Editor at International Business Times, was on CNBC Friday to discuss what made Google discontinue the...
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Here's How GoPro Could Be Impacted By Apple's Entry Into The Mountable Camera Space
Wednesday, January 14, 2015 - 2:34pm | 350Shares of GoPro Inc (NASDAQ: GPRO) took a big hit on Tuesday on news that Apple Inc. (NASDAQ: AAPL) has received a patent approval for a wearable camera. John Simons, business editor at International Business Times, was on CNBC Wednesday to talk about Apple’s patent and how when it comes...
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Marijuana Economy Has Plenty Of Room To Grow
Tuesday, March 18, 2014 - 4:01pm | 786Colorado recently reported $2 million in tax revenue from recreational marijuana sales for the month of January. While the revenue potential is big, the trickle-down falls even further. "How do you connect real smart people in other industries into this one? It's gonna be another big growth...
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Black Friday's Hottest Tech Deals: iPad Air, PlayStation 4 Games And More
Sunday, November 3, 2013 - 5:27pm | 801In roughly four weeks, consumers from all across America will stay up late, fight through massive crowds and endure atrociously long lines to save a few bucks. If you are one of the millions of consumers who intend to do just that, start your Black Friday journey by perusing this list of hot deals...
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The New York Times Sells The Boston Globe for $70 Million (NYT)
Monday, August 5, 2013 - 10:58am | 611In an effort to continue putting more focus on its core brand, The New York Times Company (NYSE: NYT), according to its flagship newspaper, The New York Times, has agreed to sell The Boston Globe and other related media properties to John W. Henry, principal owner of the Boston Red Sox. The...
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iPhone 5S Rumored to Ship Every Month This Summer
Monday, April 29, 2013 - 1:40pm | 521With nothing officially announced, Apple's (NASDAQ: AAPL) long-awaited iPhone 5S has become one of the most talked about items in technology. It also happens to be a device with multiple release dates. In searching for information on Google (NASDAQ: GOOG), investors will find rumors and reports...