By Eve Fan A year after being acquired by Lenovo, the Beijing-based technology firm has placed its faith in Motorola Mobility to lead a turnaround in its smartphone division and become profitable in 2016. The iconic mobile device company that has, in four short years, been spun off from Motorola Inc., acquired by Google Inc. […]
By Eve Fan Consumer confidence in the U.S. declined unexpectedly in November to the lowest level in a year, as Americans became gloomier about jobs and the labor market. The non-profit Conference Board said Tuesday that its Consumer Confidence Index fell to 90.4 from 99.1 in October, missing the economists’ consensus estimate of 99.5, according to Bloomberg LP.
By Eve Fan Rose Afriyie still remembers the day she spent more than two hours waiting outside a community service center on the South Side of Chicago, only to find out that she was ineligible for food stamps. That experience was the inspiration for mRelief, a web and texting tool for social services eligibility screening […]
By Eve Fan Xerox Corp. reported its first quarterly loss since 2010 and a worse drop in revenue than had been expected, sending shares down 9 percent on Tuesday. Xerox CEO Ursula Burn also said in a statement late Monday that the company has authorized a “comprehensive review of structural options” for the company as […]
By Eve Fan IBM Corp.‘s stock plummeted by nearly 6 percent Tuesday after the company reported a 14 percent decline in both revenue and earnings for the third quarter and lowered its profit forecast for all of 2015. The company said the decline in earnings and revenue was a result of costs associated with IBM’s transition […]
By Eve Fan Shares of chip maker Linear Technology Corp. surged more than 6 percent Wednesday despite reporting a 13 percent drop in profit for its first fiscal quarter, after the company forecasted rising revenue in its second quarter. Net income dropped to $112.0 million in the first quarter ended Sept. 27, or 46 cents […]
By Eve Fan As the threat of cyber attacks escalate, it’s only a matter of time before companies start bringing chief security officers into the boardroom, according to a panel of experts speaking at a Chicago Council on Global Affairs event at tech startup incubator 1871. “I think in a lot of cases, the chief […]