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American Apparel paints rosy picture after bankruptcy

American Apparel company forecasts robust demand after the bankruptcy turnaround. The US-based fashion chain is predicting more profitable years to come. American Apparel is known for its controversial sexual advertisements.


Alibaba offers to privatized another Chinese company listed on the NYSE

The Chinese biggest e-commerce company, Alibaba announced that it will buy the remaining 82 percent of China's YouTube-like service provider, Youku Tudou. According to a source, the company is offering Youku Tudou $26.60 per share totalling up to $3.6 billion.

Match Group Inc. will go public

Match Group Inc. is planning to capitalize the current booming market for online dating and is seeking to go public. The company had sought legal advice and documents on Friday for an IPO and is expected to be listed on the Nasdaq Global Select Market.

Bank of America posts profit for 4 quarters in a row

Distancing from the impact of financial crisis, Bank of America (BoA) has posted positive numbers for the third quarter making its fourth consecutive quarter with profits. The Charlotte-based bank posted a net profit of $4.07bn for the third quarter. Despite its pedestrian performance in the third quarter ending September 2015, the bank has been able to post profits for the last four quarters. This is considered to be encouraging for the shareholders of $2.2trillion bank. The North America's second largest bank by assets suffered a drop of 2.5 percent in revenues owing lower interest rates. This resulted in 6.9 percent drop in net interest income.


Latest News

Moto G (2015) on AT&T has been finally confirmed by Motorola to receive the Android 6.0 Marshmallow via official over-the-air release. The device is now in pending list for evaluation of AT&T's support for the Marshmallow update.
Samsung Galaxy Core Prime is expected bound for the upgrade. Amid the frenzy brought by Marshmallow, Galaxy Core Prime now rang a bell being eligible for upgrade as soon as early next year.
Samsung Galaxy Grand Prime is one of the midrange smartphones unofficially reported to be getting the Android 6.0 Marshmallow. Galaxy Core Prime now rang a bell being eligible for upgrade as soon as early next year.
Moto G (2015) on Sprint has been officially revealed by Motorola getting the official over-the-air update of Android 6.0 Marshmallow. According to itssupport page, the device is now in queue for the carrier's upgrade confirmation.
Android 6.0 Marshmallow update coming to Moto X Pure Edition units on T-Mobile has already been confirmed by Motorola. The smartphone brand posted on its support page that its 2015 flagship phone is just waiting for T-Mobile's confirmation.
HTC Desire EYE has been reported to get the official over-the-air update of Android 6.0 Marshmallow software. Android 6.0 will carry new features and improvements, plus HTC's key features and Sense 7.0 user interface.
HTC One M9+ has been reportedly receiving the Android 6.0 Marshmallow software. Marshmallow will carry new features and improvements, plus HTC's key features and Sense 7.0 user interface.
Motorola has officially announced the Android 6.0 Marshmallow software to Verizon's DROID Turbo units. The device manufacturer revealed on its website that the smartphone is waiting for the confirmation from Verizon itself.
HTC Butterfly 2 is reportedly receiving the Android 6.0 Marshmallow software via official over-the-air release. Marshmallow will bring new key features and enhancements, plus HTC's new features including Sense 7.0 user interface.
Mass Effect: Andromeda release date is on the fourth quarter of 2016. BioWare makes some modifications in the game environment, adds new maps and new characters without Commander Shepard.