Samsung increased it investment by US$1 billion with the hope that it would compensate for the slumping smartphone growth.
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BlackBerry fires 250 employees due to weak earnings
BlackBerry laid off 250 employees after firing 5,000 people last year due to weak earnings. BlackBerry, a currently troubled smartphone producer, fired 250 employees from its product-testing facility in Waterloo, Ontario.
Carlos Slim Helu invests US$40 million in Shazam to vie against Apple, Google
Carlos Slim Helu invested US$40 million in a mobile audio app company to compete against Apple's Siri and Google voice search.
Apple's iPad's share records lowest point in history
The global tablet market share of iPad fell to its all-time all. On Thursday, the market research firm TrendForce reported a data that showed the global tablet market share of iPad declined to its lowest point in history.
Apple outspent other tech titans by acquiring its own shares
Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
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Meiji Yasuda Life Insurance announced that it has agreed with Thai Life to buy a 15% stake in the insurer, beating private equity firms KKR & Co, CVC Capital Partners, and Carlyle Group LP to the deal.
Analysts from Citi released a report that in 2015, the smartphone saturation would transpire. On Thursday, analysts at Citi released a report regarding the saturation in the smartphone market.
Belgian weaving machine maker, Picanol, purchased a 27.6% stake in Belgian chemicals group, Tessenderlo Chemie.
The camera-producer titans find it hard to sell its product due to the increasing demand for smartphones.
Analysts said that Apple is well-equipped with advantages that would keep it from BlackBerry's fate.
Adenium Capital and its venture partner ForVEI announced that it had acquired a 24 megawatt solar facility in Italy.
Canon dimmed its profits and sales outlook as smartphone titans present gadgets that could capture high-quality photos.
A portfolio company of GMH Ventures, Dynamic Healthcare Services, announced that it had won bids to supply oxygen services to patients at Huntington-Ashland and Northern New Jersey Metro.
Great Atlantic & Pacific Tea Co. announced in an internal memo that it could be selling the company to another supermarket operator or a private equity firm.
