U.S. stocks turned higher, bonds gained and the dollar weakened Wednesday after the Federal Reserve signaled the pace of interest-rate increases later this year could be slower than expected. WSJ
The Dow Jones Industrial Average rose 34 points, or 0.2%, to 17939, shortly after the Fed released a statement following its policy-setting meeting. Stocks had fallen to session lows ahead of the Fed meeting.
The S&P 500 index added four points, or 0.2%, to 2100, and the Nasdaq Composite Index gained 10 points, or 0.2%, to 5066.
Tyler Technologies, Inc. (TYL) declared recipients of its 2015 Tyler Public Sector Excellence awards for ERP and school software solutions, counting Eden™, Munis®, Tyler SIS™ and Versatrans® at its national user conference, Connect, in Atlanta.
Tyler’s Eden 2015 Excellence Award winner is the city of Pittsburg, California. Pittsburg collaborated with Eden development to offer an online utility payment option for customers to enhance customer convenience and provide better service. The city was able to place a payment kiosk in Pittsburg Book Depot that resulted in raised payments during a city furlough. Pittsburg has a population of 66,700 and is located in eastern Contra Costa County.
During Wednesday’s Afternoon trade, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.02% to $127.62.
Apple Inc. (AAPL) stated better-than-predictable second-quarter 2015 results, beating the Zacks Consensus Estimate for both earnings and revenues. Results were driven by a surge in iPhone and Macintosh sales. The company benefited from strong demand across key regions, like Greater China. Zacks
We believe that a refreshed product portfolio, Apple Pay and the forthcoming Apple Watch will drive the top line over the next several quarters. These should also improve Apple’s competitive position in the near term. Moreover, its partnership with IBM will likely boost iPad adoption among enterprises over the long haul.
Apple also did well in China, which boasts a number of strong local players, and raised its market share to 12%. Apple believes that China, the second largest iPhone market, is set to become a major contributor to its total revenue. Hence, the iPhone-maker intends to enhance the number of its stores in the country to 40 by mid-2016.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets; Mac, a line of desktop and portable personal computers; iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, and iPod shuffle; and Apple Watches, personal electronic devices that combine watch technology with an iOS-based user interface.
Shares of Microsoft Corporation (NASDAQ:MSFT), inclined 0.35% to $46.02, during its afternoon trading session.
Microsoft Corporation (MSFT) declared changes to its Senior Leadership Team to drive engineering alignment against the company’s core ambitions: reinvent productivity and business processes, build the intelligent cloud platform, and create more personal computing.
“We are aligning our engineering efforts and capabilities to deliver on our strategy and, in particular, our three core ambitions,” said Satya Nadella, CEO of Microsoft. “This change will enable us to deliver better products and services that our customers love at a more rapid pace.”
Following these changes, Microsoft’s Senior Leadership Team totals 12 executives:
- Satya Nadella, Chief Executive Officer
- Chris Capossela, Executive Vice President and Chief Marketing Officer
- Kurt DelBene, Executive Vice President, Corporate Strategy and Planning
- Scott Guthrie, Executive Vice President, Cloud and Enterprise
- Amy Hood, Executive Vice President and Chief Financial Officer
- Kathleen Hogan, Executive Vice President, Human Resources
- Peggy Johnson, Executive Vice President, Business Development
- Qi Lu, Executive Vice President, Applications and Services Group
- Terry Myerson, Executive Vice President, Windows and Devices Group
- Harry Shum, Executive Vice President, Technology and Research
- Brad Smith, Executive Vice President and General Counsel, Legal and Corporate Affairs
- Kevin Turner, Chief Operating Officer
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Amazon.com Inc. (NASDAQ:AMZN), during its Wednesday’s afternoon trading session 0.64% gain and closed at $429.83.
Amazon.com Inc. (AMZN) introduced the all-new Kindle Paperwhite, updating its most popular and best-selling Kindle with the highest resolution Paperwhite display, the exclusive Kindle font Bookerly, and a new typesetting engine for more beautiful pages.
“We love inventing for readers,” said Jeff Bezos, Amazon.com Founder and CEO. “The new Kindle Paperwhite obsesses over the details that matter most to readers—we’ve added our highest-resolution display so the words are crisp and clear on the page, a new font that is crafted exclusively for reading Kindle books, and a new typesetting engine that makes pages beautiful. Together, these details assist you read faster and with less eyestrain, so you can lose yourself in the author’s world.”
The new Kindle Paperwhite also offers an all-new typesetting engine that lays out words just as the author intended:
- Hyphenation and improved spacing—Kindle Paperwhite adds hyphenation to break words at the right place, creates paragraphs with compriseent lines, and adjusts the space between words. This results in more natural word spacing and more words on each page, which allows for faster reading with less eyestrain. See an example: www.amazon.com/hyphenation.
- Improved character placement—New kerning and ligatures automatically adjust character spacing to make it easier and faster to recognize words at any font size. Similar to a typesetter formatting a print book, Kindle Paperwhite will look at neighboring pairs of letters in context and adjust the character spacing to suit the word, removing distracting whitespace between letters and making the shape of the word more beautiful to assist with word recognition speed. For example, in the word “quietly”, the tail of the “y” loops under the “l” to make the letters of the word fit better together. In the word “first”, the “f” and “i” are drawn together to make a ligature. See an example: www.amazon.com/characterspacing.
- Beautiful page layout—Print books often use drop caps to add emphasis and beauty to the first page of a chapter. In eBooks, this is challenging to replicate given the ability to adjust font size and line spacing. The new typesetting engine presents drop caps, text, and images on Kindle just as the author intended, and dynamically adjusts the layout as the reader changes the text size. See an example: www.amazon.com/dropcaps.
- Large fonts, without compromises—One of the benefits of reading on Kindle is that you can customize the font size based on personal preference—over half of Kindle customers take advantage of this feature and use a font size larger than the default. As you enhance the size of a font, fewer words appear on each page, often creating distractions like large white space or broken sentences. Now, Kindle Paperwhite automatically adapts when a reader chooses the largest font sizes, customizing the margins, columns, indents, nested lists, borders, and drop caps to keep the page easy to read. See an example: www.amazon.com/largefonts.
The new typography and layout improvements are accessible on over half a million books, counting many best sellers, with thousands more being added every week. The features will be delivered as part of a free, over-the-air software update in the coming weeks.
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers. It also offers programs that enable sellers to sell their products on company’s Websites, and their own branded Websites; and programs, which allow authors, musicians, filmmakers, app developers, and others to publish and sell content.
Finally, Facebook, Inc. (NASDAQ:FB), gain 1.27%, and is now trading at $82.10.
Facebook, Inc. (FB) was issued a higher price target of $108 from $100.
Brean analysts said they like Facebook’s monetization efforts of mobile applications counting Instagram, WhatsApp and Messenger.
The firm maintained its “buy” rating on Facebook, telling investors to own the stock for the long haul.
Menlo Park, Calif.-based Facebook is a social networking website company, with its applications enabling customers to stay connected with their friends and family.
Facebook’s latest app promises to assist you organize photos on your phone and share them with friends privately.
The new app, Moments, uses facial-recognition technology to group photos based on who’s in them. This is the same technology that Facebook already uses to tag your friends on the site. Google and other companies are also using facial recognition and other forms of artificial intelligence to assist sort the hundreds, if not thousands of photos most of us tend to amass on our phones. Facebook’s new app comes just weeks after Google launched its own service for organizing all the photos that collect on phones.
CEO Mark Zuckerberg wrote on his Facebook page this week that the app will let friends pass along photos of you they have hidden in their camera rolls. He sees the technology going much further, though.
Moments is accessible on iOS and Android devices in the U.S., with more countries to come.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
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