On the one hand, there is much satisfaction providing evidence a social network website can become profitable. “We got a lot done in 2014. Our community continues to grow and we’re making progress towards connecting the world,” said Mark Zuckerberg, Facebook founder and CEO while introducing the financial results for the fourth quarter and full year 2014. Facebook’s resultshave beaten profit and revenue forecasts for the seventh quarter in a row; with greater revenue from mobile advertising.
Meanwhile, Apple posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion for its fiscal 2015 first quarter. The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store. “Our revenue grew 30 percent over last year,” saidTim Cook, Apple’s CEO.
On the other hand, there is Yahoo whose results raised concerns among investors about what they perceived as the fading star of once dominant internet website in the 1990s. “I’m pleased to report that our performance in Q4 and in 2014 continues to show stability in our core business,” saidMarissa Mayer, CEO of Yahoo. “Our mobile strategy and focus has transformed Yahoo and yielded significant results (like) $254 million in mobile revenue, up 23% quarter-over-quarter,” Mayer added. Yet it was said that investors forced top management to announce plan for tax-free spin-off of remaining stake in Chinese Alibaba Group, in a transaction designed to maximize value of Yahoo’s Alibaba holdings exclusively for shareholders, said a communiqué.
The sector of the internet has brought globally positive but often diverse results in 2014. The most significant trend has been a sharp increase in mobile revenue, confirming the irresistible emergence of m-commerce (mobile commerce) – in a reference to e-commerce (electronic commerce) – as a long-term and large field of future profits in the next years. Mobile strategy has become essential. More than ever, smartphones appear as the future’s main tool for internet navigation, far ahead of desktop computers and tablets.
“The problem with the Ukraine crisis emerged because Ukraine started a rapprochement with the EU in a situation where the EU categorically rejected our arguments about Ukraine’s obligations as part of the CIS,” said Russian Foreign Minister Sergey Lavrov.
The US Treasury Department has targeted an Iraqi airline, a Syrian businessman, and his Emirati company for providing support to a designated Iranian airline.
China and Colombiasigned12 agreements, including deals in infrastructure construction and more cooperation in industrial capacity. Bilateral trade has grown from $22 million in 1980 to $15.6 billion in 2014.
“Structural and cyclical policies – including monetary policy – are heavily interdependent,” explainedMario Draghi, President of the ECB. “Potential growth is today estimated to be below 1% in the euro area and is projected to remain well below pre-crisis growth rates.”
China and Brazilissued a joint statement tofurther facilitate bilateral trade after talks between visiting Premier Li Keqiang and Brazilian President Dilma Rousseff.
Chinese professors among 6 defendants charged with economic espionage and theft of trade secrets from Avago Technologies and Skyworks Solutionsfor benefit of People’s Republic of China.
“No permission will be given to (the opposite party to the nuclear talks) for inspecting any of the military sites as well as for interviewing nuclear scientists and (scientists in) other sensitive disciplines,” saidIran’s Supreme Leader Ali Khamenei.
Have the 4 years since the sovereign debt crisisled to nothing? German Finance Minister Wolfgang Schaubletold the Wall Street Journal (WSJ) he can’t say Greece won’t default this time.
North Korea (DPRK) said it can conduct “any underwater operation with world-level strategic weapons capable of striking and wiping out in any waters hostile forces.”
The Office of the US Director of National Intelligence (ODNI) released a sizeable tranche of documents recovered during the raid on the compound used to hide Osama Bin Laden.
Over half the accounts of UK customers of the Israeli contracts for difference (CFD) company Plus500 have been suspended on alleged concerns that the accounts may be used for money laundering.
One more alert after shares in China’s solar energy company Hanergy Thin Film Power Group Ltd. whose meteoric rise had troubled market analysts, nearly halvedin value during its annual shareholders’ meeting in Hong Kong.
Patrick Drahi’s group Altice has signed a definitive agreement to acquire 70 percent of the share capital in Suddenlink, the 7th largest US cable operator with 1.5 million residential and 90,000 business customers.
According to a research note released by Deutsche Bank, if the Federal Reserve, led by Chair Janet Yellen, decides to push back an initial rate hike past September 2015, it ultimately couldhurt stocks.