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Capital goods spending increase in June, bolsters hope of faster economic growth
After a sleepy first half this year, capital goods spending arose last month, bolstering hopes of faster economic growth.
GSK appoints new China general manager in wake of bribery allegations
Herve Gisserot replaces Mark Reilly as GSK's head of operations in China in the wake of the bribery scandal faced by the pharmaceutical company.
Yandex Premium over Google, Baidu inflates
Premium of Yandex over rivals Google and Baidu swelled after Russian Internet advertisement demand increased.
Nokia being murdered slowly by Microsoft
Microsoft's recent fumbles and non-interest in its mobile phone ventures left Finnish company Nokia on the deep end.
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YouTube generates around US$4 billion to US$5.6 billion of Google's total earnings. Google's YouTube was put into the background after the tech titan's new Nexus 7, Chromecast and Google Glass innovation.
Analysts said that Microsoft would not win against the currently fast growing chipmaker Qualcomm. Microsoft's struggles do not stop with its problems in the software industry because it also faces a tough rival in the hardware sector.
Analysts stated that the tablet industry took over the PC industry's shine and if Microsoft wanted to get back, it needs to focus on a mobile-computer enterprise.
Analysts said that Google would continue to increase its global market shares as Apple losses its shares due to the lack of immediate product launch.
Samsung reported not-good-enough profit, which could be a sign of market saturation. Samsung reported a record profit at KRW7. 8 trillion (US$7 billion).
Microsoft's CEO Steve Ballmer and COO Kevin Turner announced the company's next moves after a disastrous Surface RT charge.
Microsoft's CEO Steve Ballmer admitted that they built more Surface RT tablets than they could possibly sell.
Recent reports confirm that any Windows RT related gadgets are not selling at all. "We're not selling as many Windows devices as we want to," admitted Microsoft's Chief Executive Officer Steve Ballmer in a statement to The Verge.
The Alfonso Soriano trade will bring salary relief to the Cubs and is also part of the team's asset management plan.
The New York Yankees will pay US$6.8 million for acquiring Alfonso Soriano. The trade for outfielder Alfonso Soriano of Chicago Cubs to the New York Yankees was finalized Friday.




