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.
Deals
Dialog Semiconductor reports two-month record high after strong iPhone sales
Apple Inc's German supplier reported a two-month record high after the sales of iPhones surpassed the estimates of analysts.
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.
Zynga abandons real-money gaming, upsetting investors
Zynga planned to abandon real-money gaming, which upset investors. Zynga planned to abandon its plans for real-money gaming in the US. Gambling with real money is illegal in the country.
Latest News
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.
India's Lanco Infratech Inc said that they are currently in discussion regarding the restructuring of the company's debt.
Liberty Global increased their stakes in Ziggo from 12.65% to 28.5%. Liberty Global announced that they have increased their stake in the Dutch cable operator Ziggo.
Facebook is doing a good job, but I’d rather look at other companies first, according to Chris Hobbart of Hobbart Financial Group.
Samsung continued to see growth in its market share. Although Samsung may not have performed well in terms of profit, it was gaining some traction in terms of market share.
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).
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.
Apple bagged "Brand of the Year" award for the second consecutive year. For the second consecutive year, Apple bagged the "Brand of the Year" award from Harris Interactive.
