Tumblr founder David Karp gets US$110 million to remain in the company for the next four years. On Thursday, a regulatory filing revealed a US$110 million retention payment of Yahoo to David Karp, Tumblr's founder.

GDF Suez announced that it will be buying Balfour Beatty Workplace by the end of the year for less than GBP 190 million.

NHN, a South Korean internet corporation, split because of the growing rivalry of founders in terms of their individual mobile messenger enterprises.

Ford Sollers said it will be reducing production of compact cars made in its Vsevolozhsk plant. Ford Sollers announced that it is slated to reduce production in its Vsevolozhsk plant located near St.

America Movil offered to buy KPN's E-Plus for EUR 7.2 billion or USD 9.6 billion, a move that rivaled Spain Telefonica's bid made last month.

Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.

T-Mobile disclosed that the iPhones from Apple generated 29% of the carrier's total sales during the second quarter.

Universal Display boosted its full-year forecast to US$125 million from only US$110 million due to the increasing demand for LED.

Amazon launched the latest Mobile App Distributing program which could optimize the web app for distribution to smartphones.

Nokia Corp accounted for 81% of all the Windows Phone shipments allowing Windows Phone to increase its market share to 3.7%.

Nvidia projected a current-revenue of US$1.05 billion, plus or minus 2%, which was below analysts' estimates.

Apple generated US$4 billion from iTunes software and services during the second quarter. Apple's iTunes Store has been a relevant source of income and a core to the tech giant's ecosystem.

Nikon cut its full-year shipment target to 6.5 million from 7.1 million units as mirrorless cameras began to lose their shine.

According to Consumer Intelligence Research Partners, first time smartphone buyers would prefer Android units while repeat buyers would choose Apple products.

Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.

BlackBerry is the first mobile maker to secure the US Defense Department's device administration approval.

The Riverside Company sold Capol, one of their exceptional investments, to Freudenberg Chemical Specialties.

Meiji Yasuda, Fujitsu and Microsoft Japan would all team up to upgrade 30,000 Windows XP computers to tablets running Windows 8 operating system.

Microsoft's Windows Phone boosted its smartphone market share from 3% to 4% allowing it to take the third highest position in the market.

Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.

TreeHouse Foods said it has forged an agreement with TorQuest Partners to buy Associated Brands GP Corporation.

SetPoint Medical scored USD 27 million in funding from new and current investors to expand its neuromodulation and bioelectronic treatment modalities for inflammatory diseases.

ConocoPhillips said it will be selling its leasehold in the Clyden oil sands for USD 720 million to Imperial Oil Ltd and ExxonMobil Corp's Canadian unit.

The Center for Innovative Technology (CIT)announced its investment in WealthForge Holdings Inc made through its private equity arm, CIT GAP Funds.

Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.

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.

Honda Motor Co announced its plans to build a new car plant in Brazil. Honda Motor Co announced its plans to build a car plant in Brazil. The investment will cost the Japanese car manufacturer USD 440.

Groupon pinned its turnaround on billionaire venture capitalist Lefkofsky who was recently appointed as the chief executive officer.

The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.