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BlackBerry fires 250 employees due to weak earnings

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 invests US$40 million in Shazam to vie against Apple, Google

Carlos Slim Helu invested US$40 million in a mobile audio app company to compete against Apple's Siri and Google voice search.

Apple's iPad's share records lowest point in history

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.

Apple outspent other tech titans by acquiring its own shares

Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.


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The camera-producer titans find it hard to sell its product due to the increasing demand for smartphones.
Analysts said that Apple is well-equipped with advantages that would keep it from BlackBerry's fate.
Canon dimmed its profits and sales outlook as smartphone titans present gadgets that could capture high-quality photos.
Analysts believed that Apple's budget iPhone or iPhone Lite would threaten the company's bottom line.
A statement by Pamplona Capital said that Deutsche Bank was fully committed to returning the pledged shares upon request.
A report revealed that healthcare investments to Cleveland in the fist half of 2013 was US$80 million, down from the US$104 million in the same period last year.
Facebook faced two major mobile ad challenges. Undoubtedly, Facebook's mobile ad business has grown. Facebook ads are paid advertisements that are "relevant and interesting" to a user.
It was reported that Google planned to invest in Uber funding round. Google, through Google Ventures, was expected to participate in Uber's upcoming new round of funding.
A Chromecast forecast signalled more Netflix subscribers up ahead. Google recently announced its latest device, the Chromecast. The device basically allowed "TVs to become second screens to Google-powered devices" running the Chrome browser.
Chromecast quickly sold out in a matter of hours after its announcement. Quickly after Google announced its new product, Chromecast, the company received a large volume of orders.