Microsoft built too many RT surface, according to Microsoft CEO Steeve Ballmer. Steeve Ballmer, Microsoft CEO, admitted that the company overproduced the Surface RT tablet.
Investors
Samsung appoints new African CEO, boosts capital spending
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
FTC updates ad guidelines, warns Google, Yahoo, Microsoft
The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.
First outsider CEO leaves Siemens
Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
Google's mess in China risks being a blueprint in the US
Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Latest News
Google planned to shut down its Google Shopper app. Google announced its plan to shut down Google Shopper app on August 30. Earlier, Google+ Local app was also shut down by the company a few weeks ahead of schedule.
Netflix-exclusive "Mako Mermaids" premiered Friday. Netflix has a new show titled "Mako Mermaids". The Netflix exclusive debuted Friday.
Here are six ETFs Facebook fans will like. Facebook was performing well, according to the latest report from the company. It reported a profit of US$333 million for the second quarter.
Intel planned to offer holograms and bio-sensors for shopping. Holograms and bio-sensors were possible to become the reality of next-decade personalized shopping, according to Brian David Johnson of Intel.
Pinterest added "Edit Your Home Feed" to offer users with better personalized service. Pinterest announced its support for Do Not Track, a mechanism that allowed users to opt-out of having websites and third parties collect their personal data and activity.
Zynga's stock valuation lost US$400 million. After reporting negative earnings, investors quickly unloaded Zynga's shares and let it drop 15% in regular trading.
Starbucks pushed mobile payment on select stores as US mobile payment crossed the 10% mark. Mobile payments, as a percentage of in-store purchases in the US, crossed the 10% mark.
The International Monetary Fund forgoes Managing Director Lagarde's recommendation due to lack of United States support.
Bankruptcy court judge suspends charges made by employees and pension holders to bring focus of the case back into Detroit courtroom.
