Cisco Systems announced it would be whittling down its workforce by 5%. Cisco Systems Inc announced it would be reducing its workforce by 5%. The move would affect 4,000 jobs.
Software & IT services
Billionaire investor Carl Icahn is short sighted on Apple - analysts
Analysts said supporting an expanded buyback program proposed by Carl Icahn would be short sighted. Billionaire investor Carl Icahn said he thinks Apple shares were "extremely undervalued.
Venture capital tycoon Prem Watsa emerges as BlackBerry's foremost bidder
Venture capital tycoon Prem Watsa quit from BlackBerry board and was expected to outline BlackBerry's stock market exit.
AOL CEO apologizes for publicly firing a staff
AOL CEO Tim Armstrong apologized through a memo sent to the company's personnel. Tim Armstrong, Chief Executive Officer of multinational mass media company AOL Inc.
Acquisitions, new offers fuel NanoTech Entertainment's future growth
NanoTech Entertainment said the combination of acquisitions and new products would drive the company's growth in the future as posted impressive revenues in the most recent quarter.
Latest News
Salsa Labs scored USD 2 million in venture debt financial from Toronto-based Wellington Financial. Wellington Financial provided venture debt financing to Salsa Labs Inc worth USD 2 million.
The New York Times' website was down for about 2 hours earlier today. New York Times readers were unable to access its website for about 2 hours earlier today.
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Analysts said the once-core enterprise of compact digital cameras already seemed increasingly obsolete due to smartphones.
A labor rights group reported that the Brazilian government filed a USD108 million lawsuit against Samsung for its labor violations.
Zynga announced the exit of some senior executives, including David Ko, Zynga's Chief Operating Officer, as part of the company's streamlining plans.
Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.
Baidu Inc said it would be purchasing 91 Wireless, an app store, for USD 1.85 billion. Baidu Inc announced that it had agreed to buy Netdragon Websoft Inc's app store.
A report from Digitimes said HTC would most likely "drift away" from Windows Phone so that it could focus on its Android smartphones.
