A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Sectors
BlackBerry’s privatization makes sense, but it is not a real solution – analysts
Private equity executives and analysts said taking BlackBerry private would make sense but it is not a quick fix for the company’s problems.
ITC favors Apple, Samsung faces sales, import ban in the US
Apple Inc won an order versus Samsung that would prohibit the South Korean company from importing, selling and distributing its devices in the US.
Chesapeake Energy walks away from New York leases
Pioneer oil driller Chesapeake Energy decided to just drop their claims of retaining land leases after two years of legal battle with landowners.
French President stimulates jobs market to bring down unemployment rate by year's end
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
Latest News
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
The Wall Street Journal reported that Acer would retreat from using Windows and embrace the Android operating system for its mobile devices.
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
US District Judge Denise Cote is considering the possibility of restricting Apple from making contracts with publishers for five years.
