Sales of Samsung Electronics Co Ltd’s flagship Galaxy S6 smartphones reached 6 million units at the end of April, less than a month after their launch, researcher Counterpoint said on Tuesday, suggesting a positive start. Counterpoint said in a statement that combined sales of S6 and S6 edge from the April 10 launch to April 30 were better than Galaxy S5’s sales in the same period of 2014. Investors have
SAN FRANCISCO (Reuters) – Ellen Pao will appeal the result of a gender discrimination lawsuit against Kleiner, Perkins, Caufield and Byers, her spokeswoman said on Monday. A San Francisco jury cleared Kleiner Perkins in March of claims it short-circuited former partner Pao’s career because she is a woman, in a case that helped spark a wide discussion about gender at the center of the U.S. technology industry. (Reporting by Sarah
(Reuters) – Google Inc said 21 percent of tech hires last year were women, boosting overall number of women in technical roles by 1 percent, as part of efforts to increase diversity. Google said Monday that the increase in Black and Hispanic employees outpaced the company’s overall hiring growth, but made up for only 2 percent and 3 percent of total workforce, respectively. “Though we still have a long way
(Reuters) – The global market for “Internet of Things”, the concept of connecting household devices to the Internet, will nearly triple to $1.7 trillion by 2020, research firm International Data Corp said. The IoT market, valued at $655.8 billion in 2014, is set to grow at a compounded annual rate of 16.9 percent, IDC said on Tuesday. “Devices, connectivity, and IT services will make up the majority of the IoT
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
American energy independence is an enormous red herring, no matter how much the shale hawks and politicians want it to be true.
New orders for U.S. factory goods unexpectedly fell in April as demand for transportation equipment and a range of other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. New orders for manufactured goods slipped 0.4 percent after a slightly upwardly revised 2.2 percent increase in March, the Commerce Department said on Tuesday. Manufacturing, which accounts for about 12 percent of
Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments. The moves mark the next wave of pay raises by the nation’s largest …
The biggest U.S. automakers all beat estimates for domestic light-vehicle sales in May. General Motors Co.’s deliveries for the month were the best since 2007 while Fiat Chrysler’s were the highest in a decade as Memorial Day promotions helped boost demand. Fiat Chrysler Automobiles NV said U.S. sales rose 4 percent last month as deliveries of Chrysler 200 sedans soared, complementing demand for Jeep SUVs and Ram pickups. Ford Motor
How effective have central bank stimulus efforts been, and how close are they to being curtailed?
