Facebook is doing a good job, but I’d rather look at other companies first, according to Chris Hobbart of Hobbart Financial Group.
Deals
Ethiopia partners with China's Huawei and ZTE
To expand the country's mobile phone infrastructure, Ethiopia signed a US$1.6 billion deal with two Chinese firms.
Microsoft South Africa funds cheapest broadband for poor communities
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.
Apple gears for a Chinese invasion
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.
‘Samsung beats Apple’ is false: here’s the real score in China's smartphone market
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.
Latest News
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.
The recent cyber attack on Regions Bank provides a new opportunity for venture capitalists. Regions Bank was attacked Friday, leading customers confused and worried.
Excellence Real Estate Group Ltd acquired two commercial sites in Shenzhen's Qianhai special zone.
Regions Bank was “attacked” Friday and it is not clear who will pay the losses. Regions Bank experienced a "Distributed Denial of Service" (DDoS) attack.
Wells Fargo & Co and PepsiCo Inc. top the list in bond sales this week. U. S. home lending company Wells Fargo & Co. raised US$5 billion of bond sales as New York-based PepsiCo Inc.
