In 2012, when Microsoft announced an investment of $300 million in the Nook division of Barnes & it seemed that it was a new life line for the last standing physically existing bookstore chain. The investment valued the business of Nook at $1.7 billion at that time. Owing to the news the stocks of the bookseller had spiked.
On Thursday, a source said that there is a shuffle in the top ranks of Samsung Electronics Co Ltd and three of the deputies to the head of the mobile division are leaving the company. The decision comes at a time when the largest maker of largest smartphone in the world is facing a steep decline in its profit figures.
Approximately two thousand insurance jobs may be on the verge of trimming as Aviva tries to soothe uncertainties regarding its bid for Friends Life.
Some analysts called Friday's £5.6 billion deal as a scope for Aviva to raise its dividend; some others remained unconvinced, with a single question in mind, thinking whether this was anything but "a rights issue in disguise".
This seems to be the end of the road for the Internet television startup Aereo, as the company as filed for Chapter 11 bankruptcy. Recently the company laid off most of its employees.
Aereo offered a service for an $8 per month which allowed let users to watch as well as record the programmes from over-the-air channels on their mobile as well as smart devices.
Snapchat is an app that allows users to share pictures that lasts for seconds at a time. But in a new move, the mobile application will now give its clients the prospect of sending cash.
In an announcement the photo-sharing service introduced its new payment service "Snapcash" in which the users can link their Visa or MasterCard debit cards to their own accounts.
Starboard Value LP, the activist investor urging a merger between Yahoo and AOL to merge, has stated that it owns shares not only in Yahoo but also in AOL.
Starboard disclosed that it owns a stake of 7.7 million share in Yahoo and a share stake of 1.9 million in AOL. According to Thomson Reuter's data this transpires to be 0.8 percent stake in Yahoo and 2.5 percent in AOL.
A news paper reported that Samsung, the electronics company from South Korea has applied for a licence for investing $3 billion, for setting up a mobile phone plant in northern Vietnam. This will be the second one of its kind in the country.
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