Browsing: company

Earlier this year Google sold Motorola to Lenovo for $2.9 billion.  The sale of Motorola by Google was definitely unexpected. Despite Motorola’s shrinking revenue and operating losses, it seemed Google still had faith it could turn the company around…

Chinese authorities have slapped Internet giant Sina Corp. with a fine of more than $815,000 over “unhealthy and indecent content”, the company announced. The “administrative fine” of 5.1 million yuan ($815,038) was imposed by the Beijing Municipal…

Mexico’s state oil giant Pemex on Wednesday reported a nearly $2.7 billion loss in the first quarter. Pemex, which provides a third of Mexico’s government revenue, had a $327 million loss in the same quarter of 2013. The company saw a net loss of $12…

Twitter on Tuesday reported a $132 million loss in the first quarter, while revenues rose sharply and the popular messaging platform boosted its user base. The company said revenues grew 119 percent from a year ago to $250 million, and its monthly active…