State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.

Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.

Sources told Reuters that Hong Kong-based Chong Hing Bank Ltd has received a potential merger and acquisition offer from a firm controlled by the Guangzhou city government.

Analysts said there's nothing wrong with Apple grabbing the silver medal since it also took a third of the global market share.

A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc. A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc.

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.

GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.

Demand Media's total revenue growth slowed to 9% to US$101.1 million due to changes at Google. On Wednesday, Demand Media said its aggregate year on year revenue growth slowed to 9% during the second quarter to US$101.

BMC cut its leveraged buyout loans from US$4.2 billion to US$3.5 billion and boosted sale of bonds from US$1.38 billion to US$1.63 billion.

Fusion-io posted a large quarterly loss due to advertising costs and expenditures associated with the absorption of NexGen Storage's workers.

BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.

Russia-based telecommunications operator MegaFon announced that it would be acquiring Scartel, the only 4G provider in the country for USD 1.2 billion.

New York Times Co Chairman Arthur Sulzberger Jr announced they won't be selling the New York Times.

The five publishers that conspired with Apple objected to the US restrictions sought by the government against Apple in the e-book court case.

BlackBerry lost its third place position in a race for major smartphone platforms. Even with the launch of the latest mobile operating system and some new smartphones, BlackBerry still keeps on failing to establish a major smartphone platform that could be behind the lead of Android from Google and iOS from Apple Inc.

BlackBerry verified that three senior executive officials were removed from the company. A report on Wednesday said BlackBerry told CBS that the company is in the "second phase of our transformation plan," while confirming the removal of three executives from the firm.

The US Court of Appeals renewed the patent claims that Apple filed against Google's Motorola Mobility.

Russia's Vimpelcom hired Verizon Wireless'former finance chief to help it in reducing its US$23 billion debt.

The shares of E*Trade plunged the most since April after the conduct of the Finra probe in two of its units.

YuMe shares rose by up to 9% in their debut following the company's pricing of IPO that was below the anticipated range.

LG launched its new flagship of Android phone called G2 with intuitive near key. Today, LG unveiled the G2, the company's newest smartphone. The G2 was larger than the Galaxy S4 of Samsung but one millimeter thicker and heavier.

The mobile market of Spain shrank in June which further reduced the chances of recovery for the country.

Nielsen said that the chatter on Twitter could enhance the live ratings of television shows. Last week, 143,109 tweets each second was sent by Japanese Twitter users which set to a new world record.

Samsung would benefit from its failure to block the US imports of Apple products. Samsung Electronics Co. 's failure to block the US imports of Apple Inc's iPhone 4 and iPad 2 would still benefit the South Korean company.

Time Warner beat the earnings projections of analysts as ad revenue boosted. Time Warner Inc. , HBO cable channel, CNN and TNT's owner, posted its profits for the second quarter that beat analysts' estimates.

University of California, Berkeley's researchers would team up with the International Business Machines to use smartphones for a scientific breakthrough.

Vodafone would start providing a 4G mobile services for its customers in London this month. On August 29, Vodafone Group Plc plans to launch a faster fourth, generation wireless service in Great Britain.