Samsung's prediction for the second quarter of the year 2015 became accurate when unfortunately the company failed to hit its sales goals for their flagship devices. Operating profits went down by four percent at 6.9 trillion won ($5.9 billion).
Investors who have extensive gold holdings are being warned by a former commodities trader, who had predicted in 2012 the decline of price of the yellow metal, that price of the commodity may plummet to as low as $350 an ounce. Gold is currently trading below $1,100 which means that if Claude Erb's forecast would be correct, it would represent an 80 percent decline from the late 2011 peak gold price of $1,600.
One Chinese online vendor is selling cheap tickets for the right to migrate to Earth-like Kepler-452b on the e-commerce site Taobao. Despite being inexpensive, however, the tickets remain unsold, according to China Business News’ website, Yicai.
The growth rate of Facebook users has increased by thirteen percent in the second quarter of this year, making it almost 1.5-billion active Facebook users at present.
The U.S. Department of Justice has officially closed an investigation over bribery charges involving Mead Johnson Nutrition Co., the infant formula maker’s China subsidiary announced Wednesday following a settlement reached between the company and U.S. regulators.
A report sited that the group of Chinese hackers who infiltrated the US Office of Personal Management and Anthem Inc. is rumored to be the same group who attacked the United Airlines on July 29. The establishments were attacked at the same time.
Aircraft maker Boeing could join other companies in the U.S. that have moved their operations overseas. Its century of operating in the U.S. does not deter Boeing from transferring to other countries.
A recent exposé by People for the Ethical Treatment of Animals (PETA) on the cruel slaughter of crocodiles has prompted British actress and singer Jane Birkin to demand that Hermès International SCA remove her name from the coveted luxury crocodile skin bag.
Half of the 3 billion people in the world who use the internet, or 1.49 billion, check their Facebook accounts at least once a month. The growth in members who check the post monthly, at 13 percent, contributed as well to the 39 percent jump in Facebook's revenue.
With Alibaba's entry to the Chinese music service sector, Apple Music and Spotify now face a tougher competition in the potentially huge market. The e-commerce giant recently announced its plan to combine two of its music properties.
Tianjin Samsung Communication Technology Co. (TSTC) revealed on Tuesday that new pre-installed applications will now come with one of its mobile phone models, the SM-N9008S, as reported by the People's Daily.
Baidu Inc.’s efforts of expanding its line of business from online to offline services had proven to be a challenge, as the company’s shares dropped to $181.50 (down 8.17 percent) in extended trading on Monday.
Procter & Gamble Co. has announced that David Taylor will replace A. G. Lafley as its chief executive officer. Taylor will take over Lafley's position effective on Nov. 1. On the other hand, Lafley will become the company's executive chairman of the board as he steps down.
The Chinese government is set to introduce a new policy for local authorities and businesses in the recently expanded Free Trade Zone (FTZ) in Shanghai. The updated policy is aimed at further opening opportunities for the financial sector, the Southern Weekly reported.
Wanda Group purchased Edificio España located in Madrid, Spain, in 2014 with plans of demolishing the building to pave way for the construction of a hotel, shopping center and residential units. Ahora Madrid municipal government is not allowing the company to tear down the façade and side walls for their historic significance.
