Company News

Adidas Trims Outlook Forecast Owing to Sluggish Golf Business and Concerns Over Russia

Adidas Trims Outlook Forecast Owing to Sluggish Golf Business and Concerns Over RussiaOn Thursday the shares of sports equipment maker Adidas AG fell following the cut of its 2014 outlook and postponement of the targets of 2015.

World Cup sponsor cited the reasons of its actions as the growing risks surrounding Russia and testing times at its golf business.

PayPal helps eBay revenue jump 13% despite worsening competition

PayPal helps eBay revenue jump 13% despite worsening competitionEBay Inc. the online retailer on Wednesday posted a 13% growth in its quarterly income which was possible mainly due to the better-than-expected results which came from its quickly growing PayPal division. The good results from Pay Pal helped EBay to overcome growing competition from rival Amazon. com Inc. along with a recently exposed cyber attack which revealed the data of customer.

Microsoft to start rolling out new features for Xbox One in dashboard updates

Microsoft to start rolling out new features for Xbox One in dashboard updatesSoftware giant Microsoft has revealed in a recent announcement that it has efforts underway to roll new features for its latest-generation gaming console, Xbox One, in dashboard updates.

Ford CEO Alan Mulally to retire on July 1; to be succeeded by Mark Fields

Ford CEO Alan Mulally to retire on July 1; to be succeeded by Mark FieldsIn an official announcement made on Thursday, bigwig automaker Ford Motor said that the company's CEO, Alan R. Mulally, would retire July 1, 2014. Mulally's retirement, which was expected this year, would end the executive's spectacular stint as the CEO since joining Ford in 2006, when the automaker was struggling for survival.

Beats Music launches a native iPad app

Beats Music launches a native iPad appClose on the heels of teasing the launch of a native iPad application - via Twitter - on Wednesday, on-demand music streaming service Beats Music released version 2.0 of its app on the App Store on Thursday.

Although the app is now available as a free download, Beats Music itself requires a monthly subscription fee of $9.99.

3D Systems is exploring ‘conductive ink’ to create circuitry for Google’s Project Ara smartphone

3D Systems is exploring ‘conductive ink’ to create circuitry for Google’s Project Ara smartphoneIn an earlier-this-week statement via a blog post, 3D Systems said that it is, in collaboration with Carnegie Mellon University, exploring 'conductive ink' to print electric circuits for Google's Project Ara modular smartphone. 3D Systems is the company which Google has enlisted for printing the modules for its Project Ara smartphone.

BMW recalling over 156,000 cars and SUVs for engine stall problems

BMW recalling over 156,000 cars and SUVs for engine stall problemsAccording to the US National Highway Traffic Safety Administration (NHTSA), bigwig German automaker BMW is recalling over 156,000 cars and SUVs in the US due to engine stall issues.

The problem which has prompted the recall by BMW either causes the engine of the affected vehicles to lose power or stops the engine completely.

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