Baidu Inc jumped since Facebook boosted the outlook for social media companies. Baidu Inc led the rally in Chinese equities exchanged in New York. The company said that it gained more profits after Facebook outdid the estimates of analysts.
Sectors
Private equity funds move into Europe
A survey by Jones Lang LaSalle reported that private equity investments into Europe by large funds have reached their highest levels since 2007.
Apple faces mid-range smartphone showdown
ABI Research said that Apple would soon face market share rivalry with several Chinese low-cost smartphone manufacturers.
Samsung is the world's most profitable handset company
Strategy Analytic reported that Samsung already took Apple's place as the world's most profitable smartphone firm.
Facebook makes capital investments worth US$1.6 billion this year
Facebook would make its capital investments worth US$1.6 billion in 2013 to capitalize on the number of its users and its mobile advertising base.
Latest News
Japan's Renesas Electronics Corp would close its system LSI chip plant due to the decreasing popularity of game consoles.
Mark Zuckerberg, co-founder and CEO of Facebook said that he plans to earn from Instagram through advertisements.
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.
Peter Loescher, the first outsider to lead the company will be leaving Siemens soon. Peter Loescher, chief executive of Siemens and the first outsider to lead the company, will be leaving the company four years ahead of his end of contract.
Acer's president told Austria's Format magazine that the company would recover and make profit again.
Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Analysts said that there are several ways by which Apple could ease the concerns regarding the company's lack of growth.
LifeChurch.tv's bible app recorded 100 million downloads this month and raised US$60 million for the app's development.
