AOL CEO Tim Armstrong apologized through a memo sent to the company's personnel. Tim Armstrong, Chief Executive Officer of multinational mass media company AOL Inc.
North America
Apple is facing a May 2014 trial on e-book damages
US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages. On Wednesday, a court order said US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages.
Cloud services market to grow by 18.5% to USD131 billion this year - Gartner
Gartner said this year, the public cloud services market would grow by 18.5% to USD131 billion worldwide.
Gartner: Android makes up 79% of smartphone shipments in the second quarter
Gartner confirmed the latest report from the International Data Corporation and said Android-based devices made up 79% of all the smartphones sold during 2013's second quarter.
Billionaire investor Carl Icahn is short sighted on Apple - analysts
Analysts said supporting an expanded buyback program proposed by Carl Icahn would be short sighted. Billionaire investor Carl Icahn said he thinks Apple shares were "extremely undervalued.
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Goode Partners' backed restaurant group Rosa Mexicano appointed Tom Dillon as its new President and CEO.
Worldwide Marketing Services firm Publicis Groupe acquired Enguage Marketing from Halyard Capital. Halyard Capital sold its portfolio company Engauge Marketing to Publicis Groupe.
NanoTech Entertainment said the combination of acquisitions and new products would drive the company's growth in the future as posted impressive revenues in the most recent quarter.
Omega Advisors Inc sold its shares in Facebook and precious metals' companies and bought Apple shares after Apple's decline.
Praesidian Capital invested in Meheen Manufacturing through a first lien debt worth USD 11.25 million.
Sources said Hilton Worldwide was preparing for a debt refinancing package worth USD 12 billion before its IPO next year.
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
Chile's BCI would ask its shareholders to approve its USD 400 million capital hike to partly fund its acquisition of City National Bank.
Sources told Reuters if the government's anti-trust case against the AMR-US Airways merger prospers, AMR would have to go back to the drawing board and investors would suffer.
