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Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

On Friday, Xiaomi the China-based smartphone maker announced that it had shipped more than 70 million smartphones during 2018. Although a very high number, it was short of the company’s ambitious target of 80 million. Growing competition and a high dependence on the market in China were factors that might […]

Pangaea Logistics Solutions (PANL) Issues Earnings Results

Pangaea Logistics Solutions (PANL) Issues Earnings Results

Pangaea Logistics Solutions (NASDAQ:PANL) released its quarterly earnings results on Friday. The shipping company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01), Fidelity Earnings reports. The business had revenue of $95.35 million during the quarter, compared to analyst estimates of $120.45 million. Pangaea Logistics Solutions had […]

JPMorgan Chase Agrees To London Whale Class Action Suit Settlement (NYSE:JPM)

JPMorgan Chase Agrees To London Whale Class Action Suit Settlement (NYSE:JPM)

JPMorgan Chase & Co has agreed to pay $150 million to resolve a class action lawsuit over its London Whale trading scandal that emerged in 2012. The trading scandal caused a $6.2 billion loss, dropped JPMorgan’s share price by roughly one-quarter, and wiped out more than $40 billion of market […]

Hollywood Scared of Google Says Leaked Emails

Hollywood Scared of Google Says Leaked Emails

Leaked emails that were released from the cyber-attack against Sony proved that big movie companies are currently working as a team with the Motion Picture Association of America (MPAA) on an idea, which is aimed to take down a “Goliath” Internet search company. It is quite certain they are referring […]

GM Purchases Ride-Hailing Sidecar’s Assets

GM Purchases Ride-Hailing Sidecar’s Assets

General Motors has increased its expertise in the ride-sharing/hailing arena. The Detroit-based automaker hired some employees and purchased the assets of recently shuttered Sidecar Technologies, a ride-sharing/hailing company that closed last month. According to a company statement, GM has hired employees of Sidecar to integrate them into the urban mobility […]