Starbucks unlimited free Internet Wi-Fi coming to Canada in July

The premium coffee retail chain Starbucks has announced today all Canadian company-owned stores across the country will have free and unlimited Internet access starting on July 1st.

The company already offered WiFi Internet access across locations, but customers required an account with login credentials to use the Internet in the stores. The preceding Internet access system even had a maximum time of two-hours to use the service.

There are currently over 1,000 Starbucks locations in Canada, with about 770 of them being company-owned.

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Tesla Motors raises $226mn as it completes IPO

2010 Tesla Motors Roaster

Update: The Tesla IPO proved to be a hot one, with the stock (NASDAQ:TSLA) rallying up to close 40.53-percent above its debuting price of $18.61 to $23.89 per share, topping out with a ceiling of $24.76 in intraday trading.

The California-based electric carmaker, Tesla Motors, has raised $226.1-million in capital, according to a SEC filing, following an initial public offering.

The company confirmed it took 13.3-million shares at $17 per share to raise the total amount of capital that will be used by the company to finance operations, production, and future acquisitions.

Tesla Motors did not disclose information relating to which firms the company could acquire in the future.

The initial stock price could be construed as high given the company has never produced any free cash flows in its history since the company was founded in 2003.

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SEC filing shows RIM sales down in key international markets

A new SEC filing by Research In Motion (RIM), the maker of the popular BlackBerry smartphone, shows sales figures for the latest quarter segmented by geographic areas.

RIM previously reported an aggregate sales number, reporting aggregate sales were up just over 10-percent in the quarter.

However, according to the SEC filing, most of that growth came from the United States, with other key international markets reporting a decrease in sales over the same period last year.

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Consumer Electronics retailer Best Buy optimistically raises quarterly dividend

Another sign the economy is slowly beginning to pick up, North America’s largest consumer electronics retailer, Best Buy, has announced the company would increase its dividend by just over 7-percent on an annualized basis.

The company currently pays a $0.56 per share dividend annually, and will now raise that number to $0.60 per share annually.

Best Buy pays dividends quarterly.and lastly paid its $0.14 dividend on April 13.

The company said it would distribute the first updated dividend on October 26.

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iPhone 4 becomes most successful product launch for Apple

The California, Cupertino-based tech giant, Apple Inc., today gave some insight into sales figures for its new iPhone 4 device.

The company says it has sold 1.7-million iPhone 4 devices in only three days after it started selling the phones on June 24, making the iPhone 4 the most successful product launch in the firms history.

The iPhone launched in the United States, among select European nations, including Germany, France, and the United Kingdom on June 24. The iPhone 4 is set to launch in Canada some time in July, as confirmed by Apple, where the phone is also hugely anticipated and also expected to top previous sales records.

The preceding iPhone model, the iPhone 3GS, thought to be hugely successful, sold 1-million devices in seven days.

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Oracle posts strong Q4 earnings, chips away at SAP’s market share

The technology giant, Oracle Inc., today released earnings for the fourth quarter of 2010.

The company posted strong revenues and net earnings.

Revenue for Q4 ’10, ended May 31st, was up almost 40-percent from Q4 ’09 to $6.6-billion.

Oracle reported $2.4-billion ($0.46 per share) in net profits in the period, up significantly from $1.9-billion ($0.38 per share) in the same period last year.

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Nike’s strong earnings fail to impress Wall Street

The world’s largest apparel company, Nike Inc., today announced earnings for the fourth quarter of 2010.

Net income also increased significantly by over 50-percent in the quarter to $522-million ($1.06 per share) compared to the same period last year.

The company posted strong earnings, with total revenue up 8-percent year-over-year to $5.1-billion, excluding currency charges, but still failed to meet Wall Street analyst expectations.

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Adobe Systems posts record 2nd quarter earnings

Adobe Photoshop Creative Suit 5

Adobe Systems, the maker of the popular Internet platform Flash, announced [PDF] earnings for the second quarter of 2010 late this afternoon.

The company posted record quarterly earnings, posting total revenue of $943-million for the period ended June 14. Total revenue in the period compares to $704.7-million in the same period of the last fiscal year.

The actual earnings beat internal company forecasts of revenue between $875-million and $925-million.

Adobe president and CEO Narayen said today the strong earnings can be attributed to strong sales of Creative Suite 5.

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Beijing says more flexible yuan currency policies coming

Nations, in particular, the United States, have long expressed concern over Beijing’s policy to peg its currency, the yuan, to the American dollar.

Beijing’s policy serves as a mechanism to keeping the value of the yaun discounted in order to give the country a competitive advantage in the global markets when it comes to exports by making their domestic products more attractive to international buyers due to a price advantage.

The result has been firm’s ceasing production in more expensive markets like North America in favor of moving manufacturing to China due to the lower prices.
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IBM to acquire online analytical marketing company Coremetrics for undisclosed amount

International Business Machines (IBM) Corporation today confirmed it would acquire the Internet-based marketing analytics company Coremetrics, with the financial terms being kept private.

Coremetrics has developed proprietary cloud-based analytical and tracking software to allow companies to gain intelligence from online social networks, including Twitter, and Facebook, among even regular blogs, to give firms insights as to what consumers are saying about their offerings, all in real-time.

The idea is as firms gain insights into what consumers thoughts are about their brands or offerings, marketers could better understand buying patterns hence deliver more targeted campaigns and capitalize by changing to better meet consumer wants faster.

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