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Alibaba Pictures lost $24M in first semester amid twists and turns

Alibaba Pictures Group announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015. The loss is due to the transformation the company is undergoing. According to the company, most of its projects are still under the investment stage, and its profit is not yet included in the revenue report of the period.


Nordstrom, TJMaxx earnings report upbeat; Kohl's is down

Retailers are experiencing a mixed season, so are the department stores. Not a lot of consumers are going in hoards to spend their money in department stores. It may be due to this year's later Labor Day, or maybe they'd rather be in the beach than shopping in the malls.

Disney knows The Force is strong with Star Wars merchandise as it plans to push sales

Disney's plans to push Star Wars merchandise with such great force is headed certainly headed to success. Last year, Frozen merchandise sales brought Disney massive success, giving its segment revenue a double-digit growth. But Star Wars merchandise won't be the same as Frozen, because of the demographics.

Athens goes for gas grid privatization

The crisis-hit European nation Greece is heading towards privatization of its energy sector. The country is also in favor of reforms in several sectors to give a new life to the ailing economy.


Latest News

In an open letter, T-Mobile chief executive John Legere warns the 3,000 users stealing LTE tethered data that the company will go after them beginning August 31.
Android 5.1.1 Lollipop update is rolling out live to Verizon's LG G Vista handsets with improvements in home touch button, interruptions, floating action button (FAB), Wi-Fi connections, Android security patches, and more.
The US stocks turn attractive on lower PE ratios. The latest market crash might have eroded $2.1 trillion value in the market capitalization in the US stock markets, but equities are no more overpriced as price-to-earnings (PE) ratios turn attractive. According to ConvergEx, after the recent 10 percent drop in the US markets, no one can say that American stocks are expensive.
Microsoft Germany has announced that Windows 10 software update is not coming to smartphones with only 4 GB of storage since the update is already worth 5 GB. Here are list of eligible and ineligible phones for the update.
Android 6.0 Marshmallow is reportedlty hitiing LG and Samsung devices very soon skipping the Android 5.1.1 Lollipop update. While on its third and final developer preview, Marshmallow will bbring bug fixes and improvements.
Android 5.1.1 Lollipop is expected to hit Samsung Galaxy Note 3 and Galaxy Note 2 devices soon after the Android 6.0 or Marshmallow will begin rollin out to devices in September.
A 3D print of a Huawei Nexus 6 was uploaded through a video showing some of its high-end specs and features. Google and Huawei offered no confirmation yet regarding the specs and features of the new phone and release date.
The camera of iPhone 6 Plus produces blurry pictures because of a material that failed. Apple is replacing the iSight camera of the affected serial number.
Pamela Anderson breaks her silence on Hepatitis C and dished that her doctors have found cure for the disease.
Kim Kardashian fears that she'll undergo hysterectomy due to her pregnancy complication. Kim Kardashian second pregnancy seems to be a lot better than the first.