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December 29, 2014

Xiaomi announces it completed raising US$1.1 billion in latest funding

Xiaomi today officially announced that it has completed raising US$1.1 billion in the latest funding. This values the company at US$45 billion.
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November 30, 2014

Barclays becomes first UK bank to launch online customer video chat system

Barclays becomes first bank in the UK to launch online video chat system allowing customers to talk through issues.
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November 26, 2014

Samsung Ventures Invests in DocuSign

DocuSign has announced that Samsung Venture Investment Corporation (Samsung Ventures) has made a strategic investment in DocuSign, becoming part of the DocuSign Global Trust Network.
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October 28, 2014

T-Mobile US Reports Third Quarter 2014 Results Best Quarter Ever

T-Mobile US Reports Third Quarter 2014 Results Best Quarter Ever of Branded Postpaid Net Adds and Double-Digit Percentage Service Revenue Growth.
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October 20, 2014

SAP Announces Third Quarter and Nine Months 2014 Results

SAP Accelerates Shift to the Cloud with 41% Revenue Growth in Third Quarter and Once Again Raises Cloud Revenue Outlook - Broad Market Adoption of SAP HANA - "Run Simple" Strategy Validated.
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October 16, 2014

Google Announces Third Quarter 2014 Results

Google has today announced financial results for the quarter ended September 30, 2014.

“Google had another strong performance this quarter, with revenue up 20% year on year, at $16.5 billion,” said Patrick Pichette, CFO of Google.  “We continue to be excited about the growth in our advertising and emerging businesses.”

Q3 Financial Summary

Google Inc. reported consolidated revenues of $16.52 billion for the quarter ended September 30, 2014, an increase of 20% compared to the third quarter of 2013. Google Inc. reports advertising revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2014, TAC totaled [...]

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July 30, 2014

European Operators could Save Millions with Better Mobile Payments Compliance Management

Over £5m could be saved across Europe per year; over £400k in the UK alone

Europe’s mobile operators could save millions of Euros per year with better management of mobile payments compliance, claims Empello ( In the UK, a market with 80 million mobile subscribers, Empello estimates that £400,000 could be saved per year by the big four UK operators, just from the reduction in call centre costs. Across Europe, a market with a combined 1,000 million subscriptions, the savings could add up to £5 million.

“We know from direct experience that monitoring and auditing for compliance can save mobile operators significant amounts of money. By dramatically reducing [...]

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June 2, 2014

SAP to Host Press Conference and Financial Analyst and Investor Conference from SAPPHIRE NOW

SAP is holding a press conference at SAPPHIRE NOW, being held June 3- in Orlando.

SAP Press Conference with the Global Managing Board Tuesday, June 3: 10:30 a.m. – 11:30 a.m. EDT / 4:30 p.m. – 5:30 p.m. CET.

The session will be broadcast on the Media and Analyst channel at

Questions can be sent to

Replay information will be available on the SAP News Center.

In addition, SAP will host a conference for financial analysts and investors.

SAP Financial Analyst and Investor Conference

Tuesday, June 3: 1:30 p.m. – 3:00 p.m. EDT / 7:30 p.m. – 9:00 p.m. CET.

The webcast, both audio and video, [...]

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May 16, 2014

Point72 purchases 11.2 million shares of BlackBerry

According to a regulatory filing, Point72 Asset Management, the hedge-fund firm founded by billionaire Steven A. Cohen, has purchased 11.2 million shares of BlackBerry.

Point72, formerly SAC Capital Advisors LP, has changed drastically amid a federal investigation into insider trading at the firm.

Eight current or former SAC employees were convicted of or pleaded guilty in the biggest Wall Street insider-trading investigation in history. Many of the firm’s other managers have left. The firm, once one of the nation’s top-performing hedge-fund managers, paid a fine of nearly $1.2 billion and agreed to cease managing outside money.

Amid the investigation, the firm [...]

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May 16, 2014

Fairfax sells 5.2 million BlackBerry shares

According to a regulatory filing with the U.S. Securities and Exchange Commission, Fairfax Financial Holdings Ltd. has trimmed its holdings in BlackBerry Ltd. by 5.2 million shares,

In a quarterly filing with the U.S. regulator in February, the insurance and investment firm said it holds nearly 46.7 million shares or a roughly 8.9 per cent, down from nearly 51.9 million shares it held previously.

According to data compiled by Thomson Reuters, Fairfax is the second-largest shareholder in BlackBerry behind Primecap Management, which [...]

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