Apple is gearing for a Chinese invasion. Apple was expected to introduce a new and cheaper iPhone model to the world soon. This cheaper iPhone will also have a bigger screen, something which has been a staple of Samsung offerings.
Institutional investors
Billionaire Evtushenkov considers takeover targets for overseas expansion
Russian billionaire Vladimir Evtushenkov said he is considering takeover targets to expand his business abroad.
Politics may impact on Chevron’s US $1.24 bln energy deal with Argentina
The US $1.24 billion between Chevron Corp. and Argentina government's YPF may be turning point in the country's protectionist policy but it comes with an underlying political danger.
Federal Reserve says GMAC Mortgage will pay USD 230 million to borrowers
The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.
Defense says Cohen not aware of employees' actions in SEC civil case
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
Latest News
The report stating Samsung beat Apple in China was false. A report by Melanie Lee and Miyoung Kim for Reuters stated that Samsung beat Apple in China. However, another report from CNNMoney written by Philip Elmer-DeWitt claimed that the real situation in the Chinese smartphone market was actually different.
The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
For the first time since 2011, the Spanish unemployment rate fell. Spain's unemployment rate dropped for the first time in two years. From a high of 27.
Facebook is doing a good job, but I’d rather look at other companies first, according to Chris Hobbart of Hobbart Financial Group.
After a sleepy first half this year, capital goods spending arose last month, bolstering hopes of faster economic growth.
Herve Gisserot replaces Mark Reilly as GSK's head of operations in China in the wake of the bribery scandal faced by the pharmaceutical company.
Samsung continued to see growth in its market share. Although Samsung may not have performed well in terms of profit, it was gaining some traction in terms of market share.
Samsung reported not-good-enough profit, which could be a sign of market saturation. Samsung reported a record profit at KRW7. 8 trillion (US$7 billion).
The New York Yankees will pay US$6.8 million for acquiring Alfonso Soriano. The trade for outfielder Alfonso Soriano of Chicago Cubs to the New York Yankees was finalized Friday.
