Ford Sollers said it will be reducing production of compact cars made in its Vsevolozhsk plant. Ford Sollers announced that it is slated to reduce production in its Vsevolozhsk plant located near St.
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China's NQ targets US tech talents and clients with odd corporate structure
NQ Mobile Inc of China aimed to hire US tech talents through a corporate structure that includes two CEOs in two separate headquarters.
Croatia's finance ministry calls for bids on state-owned HPB
The Croatian government issued an invitation for all interested bidders who are interested to acquire Hrvatska Postanska Banka, a state-owned local bank.
Sony's PlayStation game enterprise hedge backfires as dollar costs upsurge
Sony Corp.'s hedge for its PlayStation game enterprise has backfired as dollar costs rise. The strategy of Sony Corp. that shielded its PlayStation game enterprise from a strengthening yen has backfired.
Tumblr founder to receive US$110 million retention payment from Yahoo
Tumblr founder David Karp gets US$110 million to remain in the company for the next four years. On Thursday, a regulatory filing revealed a US$110 million retention payment of Yahoo to David Karp, Tumblr's founder.
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America Movil offered to buy KPN's E-Plus for EUR 7.2 billion or USD 9.6 billion, a move that rivaled Spain Telefonica's bid made last month.
Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
T-Mobile disclosed that the iPhones from Apple generated 29% of the carrier's total sales during the second quarter.
Universal Display boosted its full-year forecast to US$125 million from only US$110 million due to the increasing demand for LED.
Amazon launched the latest Mobile App Distributing program which could optimize the web app for distribution to smartphones.
Nokia Corp accounted for 81% of all the Windows Phone shipments allowing Windows Phone to increase its market share to 3.7%.
Nvidia projected a current-revenue of US$1.05 billion, plus or minus 2%, which was below analysts' estimates.
Apple generated US$4 billion from iTunes software and services during the second quarter. Apple's iTunes Store has been a relevant source of income and a core to the tech giant's ecosystem.
Nikon cut its full-year shipment target to 6.5 million from 7.1 million units as mirrorless cameras began to lose their shine.
