Researcher NPD Group said that the US retail sales of accessories, hardware and software of video games dived by 19% to USD443 million.
Sectors
China Resources Land bags Shenzhen commercial site with USD 1.8 billion bid
China Resources Land Ltd bagged the right to buy a commercial site in Shenzhen for USD 1.8 billion. China Resources Land Ltd won the right to buy a commercial site in Shenzhen.
Formosa Plastics closes $1billion dollar Australian iron ore project
Formosa Plastics Group invests USD1 billion in Fortescue Metals Group's iron ore project. Formosa Plastics Group of Taiwan has agreed to buy one third of an iron ore project from Fortescue Metals Group and China's Baoshan Iron and Steel for a USD1.
Japan Tobacco International continues Philippine expansion despite higher taxes
Japan Tobacco International said they will continue to grow in the Philippines despite higher taxes on cigarettes.
Albay gov, congressmen prefer SMEC takeover of electric cooperative
Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
Latest News
Applied Materials, a chip gear manufacturer, stated it expects foundry clients limit their expenditures during the present quarter as company move to producing smaller chips.
Sony's Xperia A outsold Samsung's Galaxy S4, which led to DoCoMo's decision to exclude Samsung in its promotional line-up for the forthcoming winter.
Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.
A judge approved the foremost cable systems' plan to sell their spectrum to Verizon Wireless and cross sell their individual wireless and cable plans.
RBC Capital's analysts raised their price target on Apple Inc from USD475 to USD525 due to buyback chatter and the release of new Apple products.
Stuart Jeffrey, Nomura Equity Research's analyst, said BlackBerry would be lucky to receive bids higher than USD12 to USD13, even from an "optimistic buyer."
Sources said Nimble Storage would go public later this year and chose Goldman Sachs Group Inc to lead the company's IPO.
Lenovo Group said the corporation is currently evolving as a wireless computing supplier due to the booming sales of smartphones and tablets.
Two former executives of Vitesse Semiconductor Corp pleaded guilty for inflating the earnings of the corporation and backdating stock options.
