Year: 2015

Ericsson ERIC has renewed its existing agreement with Canada's largest telecommunications provider, Eastlink, for three more years. With the deal, Ericsson will continue to act as Eastlink’s exclusive supplier for radio access network equipments. The deal entails Ericsson to enhance and upgrade the LTE and HSPA networks of Eastlink via its Evolved Packet Core equipment. […]

Microchip Technology Inc. MCHP revealed that its RN2483 LoRa module had passed the LoRa Alliance's LoRaWAN Certification Program, and it is the first of its kind to do so. The module was independently tested by Espotel's accredited test laboratory, to confirm if it satisfied the functional requirements of the latest LoRaWAN 1.0 protocol specification. […]

Canadian handset manufacturer BlackBerry Limited BBRY reported third-quarter fiscal 2016 financial results wherein both the top and the bottom line surpassed the Zacks Consensus Estimate. Moreover, revenues at the Software and technology licensing segment improved 183% year over year in the quarter under review. Results in Detail BlackBerry reported a loss of 17 cents per share in the third quarter compared with 28 cents per share in the year-ago quarter […]

As the Fed ended an era of extraordinary monetary policy easing by hiking interest rates for the first time since 2006, it knocked the wind out of gold, with prices plummeting to six-year lows to $1,050 an ounce. It is a well-known fact that higher rates tend to weigh on gold, as it provides no yield and thus struggles to compete with interest paying assets in the wake of rising borrowing costs. The Fed on Wednesday set the new target range for federal funds rate at 0.25% to 0.50% […]

Navistar International Corporation NAV reported fourth-quarter fiscal 2015 (ended Oct 31, 2015) adjusted net earnings from continuing operations of 36 cents per share, as against an adjusted net loss of 52 cents per share posted in the year-ago quarter. However, earnings per share in the reported quarter missed the Zacks Consensus Estimate of 58 cents. On a reported basis, Navistar recorded a net loss from continuing operations of $50 million or 61 cents per share, narrower than a loss of $72 million or 88 cents per share in the prior-year quarter. […]

Avon Products Inc. AVP recently penned a deal with New York-based private investment firm – Cerberus Capital Management. The move reflects Avon’s attempts to revive its North American operations, increase focus on global markets and generate long-term value for its stockholders […]

Financial technology companies, also known as FinTech companies, are firms that use software to provide financial services. These companies are easing payment processes, reducing fraud, saving users money, promoting financial planning and in short reshaping the financial sector. While FinTech companies like LendingClub Corporation LC are gaining immense popularity due to peer-to-peer models, crowdfunding, and contactless payments, traditional companies have started collaborating with these virtual start-up firms in a bid to capitalize on the online boom […]