Home sales heat up, Dow breaks 9,000, Ford reports profit
The chances that Canada's Research in Motion will enter a formal bid for the wireless assets of bankrupt Nortel Networks are slim as a bidding war develops for technology coveted by the world's leading telecom-equipment makers.
AT&T Inc posted a smaller-than-expected drop in quarterly profit as strong sales of Apple Inc's iPhone helped boost wireless subscriber growth. Some analysts are concerned that the company's dependence on the iPhone for much of its growth raised concerns about what would happen if it lost its exclusive rights to sell the phone in the U.S.
AT&T Inc on Thursday posted a smaller-than-expected drop in quarterly profit as strong sales of Apple Inc's iPhone helped boost wireless subscriber growth.
AT&T Inc on Thursday posted a smaller quarterly profit but revenue exceeded estimates as strong sales of Apple Inc's iPhone helped boost wireless subscriber growth, sending its shares up 4 percent in early trade.
South Korea's anti-trust agency on Thursday imposed a $208 million fine on Qualcomm Inc and ordered the U.S. wireless chip and technology company to stop discriminating against companies using competitor's products.
South Korea's anti-trust agency imposed on Thursday a $208 million fine on Qualcomm Inc and ordered the U.S. wireless chip and technology firm to end discriminatory licensing practices and rebates.
Hisense Electric Co Ltd, one of China's leading electronics and household appliances producers, said on Tuesday its profit rose nearly 90% in the first half of 2009 due to booming flat-panel TV sales.
Amazon.com said on Wednesday that it has reached a deal to buy online shoe retailer Zappos.com Inc for $927.9 million, mostly in stock, as the world's largest online retailer, known for its electronics and books, moves aggressively into shoes and apparel.
A Chinese worker committed suicide in Shenzhen, South of China on July 16 on learning he was suspected of leaking company secrets. The incident sparked a web firestorm in China and has provoked criticism of Apple's intensely secretive culture.
Apple Inc said it was awaiting results from an investigation into the death of a worker in China, after media reports said the man killed himself on learning he was suspected of leaking company secrets.
Research In Motion looks like an odd suitor for Nortel Networks' mobile network equipment unit but the deal could help the BlackBerry smartphone maker plug gaps in its technology patent portfolio.
U.S. chipmaker Intel Corp on Wednesday appealed to Europe's second highest court against an antitrust finding and a 1.06 billion euro ($1.50 billion) fine levied by EU regulators.
LG Electronics Inc posted a record quarterly profit on strong mobile phone and TV sales, helping it win market share from rivals Nokia and Motorola but concerns over weaker margins may stall a rally in its shares.
South Korea's LG Electronics Inc beat expectations with a record second-quarter profit and is set to outperform its peers this year thanks to a weak local currency and a strong lineup of mobile phones, TVs and appliances.
LG Electronics Inc on Wednesday reported a surge in second-quarter operating profit as the strength of its mobile phone and TV businesses helped the company recover from the downturn faster than its peers.
Microsoft Corp is strengthening its focus on its planned to open a retail store this fall. The company hired George Blankenship former Apple Vice President of real estate who helps Apple to acquire property for its controversial retail store strategy way back in 2001.
Samsung Electronics America, Inc on Tuesday introduced high-end Blu-ray technologies to its new line home theater system at less cost.
A worker from iPhone Plant in China committed suicide after an iPhone prototype went missing, a report confirmed by Apple.
Apple Inc posted a quarterly profit that blew past Wall Street forecasts thanks to strong sales of Mac computers and improved margins, sending its shares up more than 3 percent on Tuesday.
Apple Inc reported higher-than-expected quarterly results, fueled by robust sales of the iPhone, sending its shares up more than 2 percent on Tuesday.
Mobile broadband in the Middle East and Africa will expand to $6 billion in the next two years from the current $1 billion, spurred by an expanding network and falling prices, a telecoms advisory firm has said.
