BlackBerry lost its third place position in a race for major smartphone platforms. Even with the launch of the latest mobile operating system and some new smartphones, BlackBerry still keeps on failing to establish a major smartphone platform that could be behind the lead of Android from Google and iOS from Apple Inc.
North America
Demand Media's total revenue growth slowed to 9% due to changes at Google
Demand Media's total revenue growth slowed to 9% to US$101.1 million due to changes at Google. On Wednesday, Demand Media said its aggregate year on year revenue growth slowed to 9% during the second quarter to US$101.
BMC cuts leveraged buyout loans to US$3.5 billion from US$4.2 billion
BMC cut its leveraged buyout loans from US$4.2 billion to US$3.5 billion and boosted sale of bonds from US$1.38 billion to US$1.63 billion.
Higher advertising costs hinder Fusion-io's revenue, shares drop
Fusion-io posted a large quarterly loss due to advertising costs and expenditures associated with the absorption of NexGen Storage's workers.
BMC raises US$1.63 billion of bonds
BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.
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BlackBerry verified that three senior executive officials were removed from the company. A report on Wednesday said BlackBerry told CBS that the company is in the "second phase of our transformation plan," while confirming the removal of three executives from the firm.
The US Court of Appeals renewed the patent claims that Apple filed against Google's Motorola Mobility.
The shares of E*Trade plunged the most since April after the conduct of the Finra probe in two of its units.
YuMe shares rose by up to 9% in their debut following the company's pricing of IPO that was below the anticipated range.
LG launched its new flagship of Android phone called G2 with intuitive near key. Today, LG unveiled the G2, the company's newest smartphone. The G2 was larger than the Galaxy S4 of Samsung but one millimeter thicker and heavier.
Nielsen said that the chatter on Twitter could enhance the live ratings of television shows. Last week, 143,109 tweets each second was sent by Japanese Twitter users which set to a new world record.
Samsung would benefit from its failure to block the US imports of Apple products. Samsung Electronics Co. 's failure to block the US imports of Apple Inc's iPhone 4 and iPad 2 would still benefit the South Korean company.
Time Warner beat the earnings projections of analysts as ad revenue boosted. Time Warner Inc. , HBO cable channel, CNN and TNT's owner, posted its profits for the second quarter that beat analysts' estimates.
University of California, Berkeley's researchers would team up with the International Business Machines to use smartphones for a scientific breakthrough.
