Dennis Mutua

Intel Won’t be Focusing on Share Buybacks Anymore

World leading chip manufacturer Intel Corp. (INTC) says going forward it won’t be focusing of executing share buyback programs. Normally companies engage in buying back their stock when they want to push its price up. This was announced by the company’s chief executive officer Pat Gelsinger during a 60 minute interview the CBS news magazine. […]

Twitter Expecting a Weaker Financial Performance in 2021

Listed companies have been reporting their results for the first quarter of the year. Social networks have been posting increased results due to increased online activities among users courtesy of the pandemic. However, this seems not to be the case with widely used social network Twitter Inc. (TWTR). The company has reported its first quarter […]

Apollo Eyeing to Buy Verizon’s Media Assets

Global alternative management company Apollo Global Management Inc. (APO) is seeking to buy the media assets of United States based telecommunication company Verizon Communication Inc. (VZ). Sources directly involved in the matter have revealed that the purchase deal could amount to around $5 billion. Bloomberg business was the first to publish the report further adding […]

Siemens Healthineers Increases Full Year Financial Guidance

Undoubtedly the pandemic has been overwhelming healthcare facilities across the world. Demand for healthcare equipment has been on the rise since the pandemic began. German based healthcare technology company Siemens Healthineers AG (ETR: SHL) has increased its financial guidance for the year following the increased demand for medical equipment courtesy of COVID-19. The company says […]

Samsung Reclaims World’s Biggest Smartphone Seller Title From Apple

South Korean consumer electronics company Samsung Electronics Co Ltd (KRX: 005930) reclaimed the position of world leading smartphone seller from its United States competitor Apple Inc. (AAPL) after accounting for 22% of global smartphone sales in the first quarter of the year. In the first quarter ending March 31, Samsung shipped 76.5 million smartphones translating […]

Britain’s Largest Airport Heathrow Posts $459 Million Q1 Loss

The largest airport in Britain Heathrow has posted a loss of 329 million pounds ($459 million) in the first quarter of the year. The airport says only 1.7 million passengers travelled through the airport between January and March representing a 91% decline the number of passengers who used the airport at similar time in 2019. […]

Alphabet Breaks Quarterly Profit Record for the Second Consecutive Time

Alphabet Inc. (GOOGL) the parent company of leading search engine Google has reported quarterly record profit for the second consecutive quarter. The company attributes this performance to increased online activities and as sales during the pandemic. For the first quarter ending March 31, Google recorded a quarterly profit of $17.9 billion, or $26.29 per share. […]

Grab Seeking to Raise $4 Billion From U.S Listing

Singapore leading ride hailing, digital payment and food delivering company Grab Holding Inc is aiming to raise $4 billion from its NASDAQ listing after merging with a special purpose acquisition company (SPAC). Grab will be merging with a SPAC backed by Altimeter Capital Management, a Silicon Valley investor and this could go down as the […]

Facebook and Gucci Jointly File Lawsuit Against Counterfeiter

Italian luxury fashion house Gucci and social network company Facebook Inc. (FB) have jointly filed for a lawsuit against a counterfeiter who according to the filing used Facebook’s platforms to sell counterfeit Gucci products. This development it’s first of its kind whereby, a social media company is joining hands with a good or service selling […]

Turkey Going Under Full Lockdown Beginning April 29

Indeed the third wave of COVID-19 is proving to be more brutal than the other two since it includes different mutated variants of the virus which are more lethal than the initial COVID-19 which was first recorded in Wuhan, China. Due to this, Turkey’s President Tayyip Erdogan, has announced that the country will be going […]