Technology Sector

Xerox Looking for CEOs for New Companies; Ursula Burns will take over as the Chairman of One

Xerox is splitting its business into two this year and the company said that its CEO Ursula Burns, the first black woman who held the top job at a Fortune 500 company, will no more be the chief executive officer of any of the two companies.

Del launches US$20bn investment-grade bond on Tuesday

Global computing giant, Dell has announced the launch of a US$20bn investment-grade bond on Tuesday.

Corvexreveals 9.9 percent of Pandora Media

Corvex Management LP, which is led by Keith Meister, has announced that it holds a 9.9 percent of Pandora Media Inc.

Tim Cook visits China to boost business

Tim Cook, the Chief Executive Officer of Apple, is on a visit to China in order to boost company's business in the large Asian market and also form new relationships with partners, developers and others.

If Things do not Change Verizon Workers Could Continue with Their Strike

If Things do not Change Verizon Workers Could Continue with Their StrikeEven on Tuesday, the north country Verizon workers continued to picket in order to attract attention to their mainly related to issues of reduced membership and job security. Almost 36,000 workers have joined the strike.

Gene Cota, Verizon employee for eighteen years said, "They want to close down call centers, close certain buildings, shuffle people around."

For AT&T Wireless Margins Grows but Postpaid smartphone Subscriptions Drop in Q1

For AT&T Wireless Margins Grows but Postpaid smartphone Subscriptions Drop in Q1

On Tuesday, AT&T posted its first quarter earnings results that showed it lost 215,000 branded postpaid phone subscribers in the first three months of the year. AT&T has taken up a strategy to target high-end customers but it seems that did not work out well for the wireless company. However, the company revealed a prominent increase in margins for wireless consumers.

The Dallas, Texas based company said three million customers have signed in the company's unlimited mobile data plan that is accessible exclusively to the DirecTV subscribers.

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