Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.
North America
BlackBerry receives "authority to operate" award in US Defense Department networks
BlackBerry is the first mobile maker to secure the US Defense Department's device administration approval.
Microsoft's Windows Phone boosts its smartphone market share
Microsoft's Windows Phone boosted its smartphone market share from 3% to 4% allowing it to take the third highest position in the market.
TreeHouse Foods and TorQuest Partners agree on Associated Brands GP acquisition
TreeHouse Foods said it has forged an agreement with TorQuest Partners to buy Associated Brands GP Corporation.
Set Point Medical secures USD 27 million in financing to expand bioelectronic treatment modes
SetPoint Medical scored USD 27 million in funding from new and current investors to expand its neuromodulation and bioelectronic treatment modalities for inflammatory diseases.
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Colorado-based FitBionic raised USD 2.2 million to support the global launch of its first product. Colorado-based FitBionic raised USD 2. 2 million in support of the global launch of its first product.
Investors examined Facebook's price to earnings ratio and found that US$38 each share was overvalued.
Groupon pinned its turnaround on billionaire venture capitalist Lefkofsky who was recently appointed as the chief executive officer.
Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.
Analysts said there's nothing wrong with Apple grabbing the silver medal since it also took a third of the global market share.
California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
Apple turned things around and sought for Samsung phone sales ban in its home market. Apple Inc is currently trying to force the mobile devices of Samsung Electronics Co.
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
