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Pandora Issues Disappointing Guidance and Microsoft Announces Acquisition with Nokia is Complete

Pandora Media, Inc. (NYSE: P) shares sank after the company reported first-quarter results that although came in good, were followed by disappointing second-quarter guidance. The company's adjusted quarterly revenue rose 54% year over year, to $180.1 million, which translated to an adjusted loss of $0.13 per share. Analysts, on average, had been looking for a wider adjusted loss of $0.14 per share on sales of just $174.94 million. Pandora expects revenue of about $213M to $218M in the current quarter, with adjusted earnings per diluted share between $0.00 and $0.03. Analysts had expected

Microsoft Continues Windows XP Support for Small Group and Verizon Buys Cincinnati Bell for $210M

Microsoft Corporation (NASDAQ: MSFT) officially ended its support for Windows XP. The company will however still provide paid custom support to a small group of businesses and governments. This includes the British government who can get technical support as well as critical security updates as new threats are discovered. Thousands of websites including some U.S. government sites are still hosted on Windows XP. Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of

Nokia Gets Approval for Microsoft Deal and American Airlines Group’s First-quarter Revenue Cut by $115M

Nokia Corporation (NYSE: NOK) has received regulatory approval from Chinese authorities to sell the company’s mobile phone unit to Microsoft Corp. This may be the very last hurlde in a deal that is worth $7.3 billion. Nokia said that it expects the transaction to close by the end of the month, having acquired the necessary approvals from regulatory bodies including in the U.S., the European Union and other jurisdictions. The deal was originally set to close in the first quarter but was delayed due to regulatory approvals. Nokia Corporation operates as a mobile communications company

Nokia Announces Three New Lumia Phones and Ballard Power Systems Announces Four Buses Deployed with Ballard Modules

Ballard Power Systems Inc. (NASDAQ: BLDP) shares rose higher on Tuesday after the company announced that four buses had been deployed with Ballard modules. Ballard announced Van Hool NV, the fourth-largest bus manufacturer in Europe, delivered the first four buses powered by Ballard's 150-kilowatt FCvelocity-HD6 fuel cell module. Van Hool will deliver the other six buses in the fleet of ten known as the "Aberdeen Hydrogen Bus Project" to transit agencies in Aberdeen, Scotland in the next few weeks.  Ballard Power Systems Inc. is engaged in the development and commercialization of proton

King Digital Has an Underwhelming Debut in Market and Microsoft Announces Office Suite for the iPad

King Digital Entertainment Plc (NYSE: KING) went public and became the worst IPO so far in 2014. The company, who is the famous maker of the Candy Crush game, took a massive hit on their first day of trading. The “Candy Crush Saga” maker’s shares slid even more on Thursday, falling almost 4%, one day after the stock’s 16% decline on its opening day. The stock is down 18% from its $22.50 IPO price. King Digital Entertainment plc, an interactive entertainment company, develops and publishes casual games on digital platforms. The company offers its games in a tournament format through its

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