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.
Investors
Defense says Cohen not aware of employees' actions in SEC civil case
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
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 European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
For the first time since 2011, the Spanish unemployment rate fell. Spain's unemployment rate dropped for the first time in two years. From a high of 27.
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.
After a sleepy first half this year, capital goods spending arose last month, bolstering hopes of faster economic growth.
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.
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).
