According to analysts, venture capitalists must add LinkedIn stocks to their portfolios and benefit from one of the internet's great opportunities.
Sectors
Federal Reserve says GMAC Mortgage will pay USD 230 million to borrowers
The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.
Defense says Cohen not aware of employees' actions in SEC civil case
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
Source says Publicis and Omnicom in talks about possible merger
A source revealed that Publicis and Omnicom are in late-stage talks about a merger of equals. Two of the world's largest advertising firms are said to be in private talks about a possible merger.
No more physical commodities for JPMorgan
JPMorgan announced that it will no longer be trading in physical commodities. JPMorgan Chase & Co announced that it will no longer be trading in physical commodities.
Latest News
To expand the country's mobile phone infrastructure, Ethiopia signed a US$1.6 billion deal with two Chinese firms.
Huawei announced that its revenue growth increased for this year. Chinese information and communications technology solutions provider Huawei Technologies Co.
During Huawei's product launch in Kuala Lumpur, the company stated that they are fighting to enter the top three in Malaysia's smartphone market.
Microsoft would use solar power and white space for the cheapest broadband in South Africa.
Microsoft South Africa would finance a new trial that would provide internet connectivity.
Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.
Apple's smartphone market share decreased as Huawei's hold of the global industry increased.
Microsoft was advised by analysts to focus on its crucial product and stop steering at different directions.
Apple is gearing for a Chinese invasion. Apple was expected to introduce a new and cheaper iPhone model to the world soon. This cheaper iPhone will also have a bigger screen, something which has been a staple of Samsung offerings.
The report stating Samsung beat Apple in China was false. A report by Melanie Lee and Miyoung Kim for Reuters stated that Samsung beat Apple in China. However, another report from CNNMoney written by Philip Elmer-DeWitt claimed that the real situation in the Chinese smartphone market was actually different.
