Swisscom's profit plunged by 6.8% in the second quarter as it looks for new CEO of the company.

Samsung would launch its newest smartphone, Galaxy Mega, in its home market. Samsung Electronics Co. 's Galaxy Mega would make its debut this week in South Korea.

Serge Godin became a billionaire after the merger of CGI Group Inc and Logica Plc. Serge Godin, the founder of CGI Group Inc. , stated the "stars were aligned" when he took advantage of the strong Canadian dollar and falling European economy to purchase Logica Plc for US$2.

Computer Sciences Corp. set high forecast earnings, beating analyst estimates and earned 4.6 percent rise in stock prices.

Washington Post Co.’s future relied on Kaplan Inc.'s for-profit colleges. On the night of August 5, Kaplan Inc. 's chief executive officer, Andrew Rosen, sent a memo to the company's workers regarding its parent corporation's, Washington Post Co.

The customer losses of Dish and Charter fueled rumors regarding the possible merger of pay-TV companies.

Energy platform drillMap Inc announced that it successfully closed its Series A funding round with USD 6.5 million.

Xiaomi Tech has overtaken Apple's market share in China with 0.2% lead. Xiaomi Tech, a Chinese smartphone manufacturer, has already surpassed Apple's market share in China.

According to analysts, Apple should focus on the growing smartphone markets like China and India. Canalys, a research firm, said China and India were important countries that Apple needs to focus in terms of growth in the smartphone market.

YoungAndMinted.com, the photo sharing website for people who have succeeded in business, announced that it has received funding from two unidentified investors.

Mobile photography startup Foap said it was able to secure USD 1.5 million in funds from Maxwell Ventures and Industrifonden, a venture capital firm in Sweden.

Analysts said Apple must make its own smartphone trade-in program to boost its sales. According to Apple Insider, Apple's CEO Tim Cook is currently considering the possibility of adopting the trade-in program of AT&T and T-Mobile.

The South Korean company's new chips would result to smartphones with 384GB of storage capacity.

Budapest-based Organica water closed its Series B financing round successfully. Budapest-based Organica water closed its Series B financing round successfully.

Global web services company AOL Inc announced that it would be purchasing Adap.tv for USD 405 million.

Disney reported increase in the company's third quarter earnings due to media networks, parks and resorts' stronger performance.

NXT Capital announced the granting of a USD 20 million loan to 1-800-Radiator & A/C. NXT Capital announced the granting of a USD 20 million loan to 1-800-Radiator & A/C.

Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.

Walt Disney Co said it expects to record a loss of up to US$190 million for its summer movie, 'The Lone Ranger.

Sources told Reuters that last-minute talks held by German real estate company IVG with creditors could make its debt restructuring deal a possibility.

KTB Asset Management Co announced the successful sale of its Seoul property, the Twin Tree Towers, to IGIS Asset Management Co.

Steve Milunovich, an analyst from UBS, said Apple's iPhone M would outsell the company's flagship smartphone iPhone 5s next year.

Chubu Electric Power Co purchased an 80% stake in Diamond Power Corp, an independent producer and supplier of power owned by Mitsubishi Corp and operates in Tokyo.

Microsoft launched a new tool that would help it increase the number of apps in its mobile platform.

Manila Electric Co (Meralco) Chairman Manuel Pangilinan confirmed his company's interest in the power assets of San Miguel Corp (SMC).

The drop in first-half profits and loan writedowns of Bank Austria proved that boom times are over in central and eastern Europe (CEE).

The Warsaw Stock Exchange (WSE), also known as the Giełda Papierów Wartościowych w Warszawie (GPW), said it aims to purchase an equity stake of up to 30% from Aquis Exchange.

Sources told Reuters that Wal-Mart Stores Inc is thinking of bidding ParknShop, the supermarket business owned by Li Ka-shing.

Ray Investment, the private equity owner of Rexel, announced that it plans to sell another 10% of its stake in the French company.

International Finance Corporation revealed it would be increasing its investments in Nigeria by 25% to US$2 billion by 2014.