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.
Sectors
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%.
MegaFon announces USD 1.2 billion Scartel buy
Russia-based telecommunications operator MegaFon announced that it would be acquiring Scartel, the only 4G provider in the country for USD 1.2 billion.
Latest News
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.
Russia's Vimpelcom hired Verizon Wireless'former finance chief to help it in reducing its US$23 billion debt.
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.
The mobile market of Spain shrank in June which further reduced the chances of recovery for the country.
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.
