BUSINESS

Samsung's Galaxy S3 has become one of the leading smartphones on the market, hitting the 10 million-unit sales mark in less than two months after its launch. Although the device has been dubbed as the Korea-based company's flagship smartphone of 2012, it does come with its share of issues.

Kevin Durant and LeBron James were on their game on Sunday against Spain.

Republican Party presidential nominee Mitt Romney’s selection of U.S. Rep. Paul Ryan, R-Wis., as his running mate is an attempt to re-structure the 2012 campaign’s debate so that it conforms to the Tea Party’s agenda - but it's one that will not change the election’s outcome.

Last week’s successful landing of the Mars Science Laboratory, better-known as Curiosity, represented a triumph in aeronautical and electrical engineering. Now the nine-foot, six-wheeled rover will use its instruments to make “Mars-shaking” discoveries in geology, meteorology and chemistry.

For about a year, Amazon.com and Barnes & Noble were almost completely alone in the 7-inch tablet market. It was nice while it lasted. The past few months have seen Google and Microsoft unveil their 7-inch tablet offerings, and it looks like Apple is about ready to get into the minitablet game, too.

As London gears up to host the Closing Ceremony of Olympics 2012, here's a random selection of golden moments that had adrenalin rushing and fans awestruck.

The Perseid Meteor shower peaked Saturday night above the US skyline with rates as high as 100 per hour offering spectacular views of shooting stars as meteors entered Earth's atmosphere.

Legendary investor and billionaire George Soros announced that he is engaged and all set to marry his girlfriend of last four years, Tamiko Bolton, during his 82nd birthday celebration on August 11.

India's Oil and Natural Gas Corporation (ONGC) on Saturday announced a big oil discovery in the currently producing D1 oilfield off the West Coast that will boost the state-run firm's declining oil production.

Asian stock markets ended with gains last week as sentiment continued to improve on hopes that the European Central Bank would shortly take policy action to lower the peripheral bond yields of struggling nations such as Italy and Spain.

It was the second-to-last day of the Olympics, and it was an eventful one.

U.S. President Barack Obama is going to make it rain money to ensure the nation's livestock get enough water and to fight rising food prices during one of the country's worst droughts in half a century.

When Benjamin Lawsky formally accused U.K.'s Standard Chartered bank of money laundering and a cover-up linked to Iranian financial institutions, the head of New York's newly formed Department of Financial Services was hardly described in glowing terms in the press. He was termed a rogue, an egomaniac and worse by unnamed scorned colleagues in New York and Washington. But in describing his ambitions, what these reports failed to take into account was the depth of his and Governor Andrew C...

Republican presidential hopeful Mitt Romney selected Rep. Paul Ryan of Wisconsin as his vice presidential running mate Saturday, and while the fresh-faced number-two man can be a divisive figure, he has some positions that conservative Americans, as well as some moderates and liberals, may love.

We're about a month away from the alleged reveal of the iPhone 5 which will reportedly take place at an Apple media event planned for Wednesday, Sept. 12. But what if every rumor up until now has been fake? What if all of these reports were planted by Apple to throw us off the scent? For more than a year, designers across the Internet have dreamed up their own ideas and concept designs for what they thought Apple should do with the iPhone 5. Who knows? Maybe Apple will actually listen to one ...

By picking Rep. Paul Ryan of Wisconsin as his running mate Saturday, Mitt Romney signaled that he was trying to put a fresh face on his campaign for his core demographic of conservative voters. But Ryan comes with some positions that many moderate or liberal voters may hate, and even some conservatives too.

India's struggling private air carrier Kingfisher Airlines Saturday reported a 147 percent increase in its loss to 6.51 billion rupees for the quarter ending June 30, compared with a loss of 2.64 billion in the same period a year ago.

The Indian government's proposed plan to provide free mobile phones to every family below the poverty line may not take off as the Finance Ministry and the opposition parties objected to the move.

Kingfisher Airlines, which used to be India's second biggest carrier but is now struggling with crushing debt, posted another quarterly loss on Saturday and shed no light on any potential funding lifeline.

Japanese car maker Honda's Indian subsidiary Friday ended a 16-year old partnership with Usha International Ltd (UIL) by buying the 3.16 percent shares held by the latter in Honda Siel Cars India Ltd.

The top after-market Nasdaq gainers Friday were JDS Uniphase Corporation, MannKind Corporation, Iridium Communications Inc and Apollo Investment Corporation. The top after-market Nasdaq losers were Novavax Inc, Infinera Corporation, InterDigital Inc and IAC/InterActiveCorp.

With South Korea's economy continuing to slowdown, investors feel that the Bank of Korea (BoK) will be under pressure to announce monetary easing measures at the next meeting in September.

Asian markets gained this week on buoyed investor confidence with indications of an improving U.S. economy and the hopes of an announcement of stimulus measures by China to regain the economic growth momentum.

The top after-market NYSE gainers Friday were MasTec, Oasis Petroleum, Matador Resources, Janus Capital Group and Putnam Municipal Opportunities Trust. The top after-market NYSE losers were Imperva, Ocwen Financial Corp, Radioshack Corp, Game Stop Corp and Permian Basin Royalty Trust.

Chinese conglomerate Wanxiang Qianchao Co. (Shanghai: 000559) is offering a $450 million lifeline to struggling battery manufacturer A123 Systems Inc. (Nasdaq: AONE), but the deal is facing right-wing opposition in the U.S.

Major data releases aplenty are on the economic calendar next week. In the U.S., investors will focus on July retail sales, industrial production, and consumer prices. In the euro zone, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.

Each week, the International Business Times money team picks three winners and three losers. Our choices are made based upon the amount of money involved and how compelling, dramatic, or just generally interesting the story behind the money is.

The men's basketball team earned a trip to the gold-medal match.

With the Apple iPhone 5 release date reportedly looming on the horizon, information about the coming phone has been leaking everywhere. Now, new photos are allegedly showing the iPhone 5's battery, but could its comparatively small size cause big problems for Apple?