Business News

Shell CEO says his next car will be electric

Electric vehicles are most certainly the future of the automotive industry — and you need only look at the outlawing of gas-powered vehicles for proof of that — but if you needed one >>

How hard is Apple’s stock going to crash?

Another day, another analyst shouting BUY BUY BUY on Apple’s stock, based on the upcoming iPhone 8 launch. This week, Credit Suisse analyst Kulbinder Garcha raised his estimate for the firm’s stock price to >>

Uber can’t stop losing money

Uber has opened up its books for a rare examination, and the news is not good. From figures shown to Bloomberg, it would appear that Uber is taking in more revenue than ever before >>

Sprint just made Jay-Z rich

Early this morning, slowly dying wireless carrier Sprint announced that it has bought a 33 percent stake in Tidal, Jay Z’s nearly-dead streaming music service. The deal should bring free or discounted access >>

Sony reports record annual loss of $5.7 billion

Sony on Thursday reported a net loss of $3.2 billion in the fourth quarter of 2011 to close its fourth straight year in the red. The electronics and entertainment giant struggled throughout the >>

Contract customers continue fleeing T-Mobile in Q1

Following a rough holiday quarter for the nation’s No.4 carrier, T-Mobile on Thursday reported results for the first quarter of 2012. Adjusted OIBDA was up 7.2% from the first quarter last year to >>