Analysts suggested that BlackBerry would be able to attain its former glory if it would go back to the enterprise market.
Sectors
Chinese official media reports sovereign wealth fund CIC in talks with Alibaba Group
China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group. The People's Daily, China's official newspaper, reported that China Investment Corp.
Development Bank of Kazakhstan to raise US$1 billion through loan sale
Development Bank of Kazakhstan announced plans to raise US$1 billion by selling off bad loans. The Development Bank of Kazakhstan JSC announced that they plan to sell KZT151 billion or US$1 billion worth of bad loans to the Investment Fund of Kazakhstan.
Carmike Cinemas announce pricing of IPO
Carmike Cinemas, Inc. released the details of the pricing for their previously announced initial public offering.
Spain spends Eur100 per year for track maintenance
Investigations were now being held to understand the cause of Spain train crash that killed 78 people.
Latest News
BlackBerry laid off 250 employees after firing 5,000 people last year due to weak earnings. BlackBerry, a currently troubled smartphone producer, fired 250 employees from its product-testing facility in Waterloo, Ontario.
Carlos Slim Helu invested US$40 million in a mobile audio app company to compete against Apple's Siri and Google voice search.
The global tablet market share of iPad fell to its all-time all. On Thursday, the market research firm TrendForce reported a data that showed the global tablet market share of iPad declined to its lowest point in history.
Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
TMSF said that Turk Telekoms has made a US%530 million offer for DigiTurk. Turk Telekom said that they have made a US$350 million offer to buy a 53% stake in Digiturk, a Turkish digital pay-TV operator.
US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.
Samsung increased it investment by US$1 billion with the hope that it would compensate for the slumping smartphone growth.
Meiji Yasuda Life Insurance announced that it has agreed with Thai Life to buy a 15% stake in the insurer, beating private equity firms KKR & Co, CVC Capital Partners, and Carlyle Group LP to the deal.
Analysts from Citi released a report that in 2015, the smartphone saturation would transpire. On Thursday, analysts at Citi released a report regarding the saturation in the smartphone market.
