Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.
Sectors
Microsoft's Windows Phone boosts its smartphone market share
Microsoft's Windows Phone boosted its smartphone market share from 3% to 4% allowing it to take the third highest position in the market.
Telstra's mobile market share boosts to 50% as income beats projections
Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.
TreeHouse Foods and TorQuest Partners agree on Associated Brands GP acquisition
TreeHouse Foods said it has forged an agreement with TorQuest Partners to buy Associated Brands GP Corporation.
Set Point Medical secures USD 27 million in financing to expand bioelectronic treatment modes
SetPoint Medical scored USD 27 million in funding from new and current investors to expand its neuromodulation and bioelectronic treatment modalities for inflammatory diseases.
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Colorado-based FitBionic raised USD 2.2 million to support the global launch of its first product. Colorado-based FitBionic raised USD 2. 2 million in support of the global launch of its first product.
Investors examined Facebook's price to earnings ratio and found that US$38 each share was overvalued.
Honda Motor Co announced its plans to build a new car plant in Brazil. Honda Motor Co announced its plans to build a car plant in Brazil. The investment will cost the Japanese car manufacturer USD 440.
Groupon pinned its turnaround on billionaire venture capitalist Lefkofsky who was recently appointed as the chief executive officer.
The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.
State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.
Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.
Sources told Reuters that Hong Kong-based Chong Hing Bank Ltd has received a potential merger and acquisition offer from a firm controlled by the Guangzhou city government.
Analysts said there's nothing wrong with Apple grabbing the silver medal since it also took a third of the global market share.
