Disney reported increase in the company's third quarter earnings due to media networks, parks and resorts' stronger performance.
Sectors
Scaleogy website YoungAndMinted receives funding from two unidentified investors
YoungAndMinted.com, the photo sharing website for people who have succeeded in business, announced that it has received funding from two unidentified investors.
Foap raises USD 1.5 million from Industrifonden and Maxwell Ventures
Mobile photography startup Foap said it was able to secure USD 1.5 million in funds from Maxwell Ventures and Industrifonden, a venture capital firm in Sweden.
Apple must launch smartphone trade-in program - analysts
Analysts said Apple must make its own smartphone trade-in program to boost its sales. According to Apple Insider, Apple's CEO Tim Cook is currently considering the possibility of adopting the trade-in program of AT&T and T-Mobile.
Samsung's research on chips leads to 384GB storage for smartphones
The South Korean company's new chips would result to smartphones with 384GB of storage capacity.
Latest News
NXT Capital announced the granting of a USD 20 million loan to 1-800-Radiator & A/C. NXT Capital announced the granting of a USD 20 million loan to 1-800-Radiator & A/C.
Private equity firm Actis announced its acquisition of Paycorp, a South-African payments business for USD 95 million.
Walt Disney Co said it expects to record a loss of up to US$190 million for its summer movie, 'The Lone Ranger.
Sources told Reuters that last-minute talks held by German real estate company IVG with creditors could make its debt restructuring deal a possibility.
KTB Asset Management Co announced the successful sale of its Seoul property, the Twin Tree Towers, to IGIS Asset Management Co.
If Chris Brown is to be believed in his latest tweets, he has announced his retirement as a global music artist with 'X' as his last album, which is due for release by the end of this month.
Steve Milunovich, an analyst from UBS, said Apple's iPhone M would outsell the company's flagship smartphone iPhone 5s next year.
Chubu Electric Power Co purchased an 80% stake in Diamond Power Corp, an independent producer and supplier of power owned by Mitsubishi Corp and operates in Tokyo.
Microsoft launched a new tool that would help it increase the number of apps in its mobile platform.
