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Apple readying two iPhone versions for launch

Apple has asked its Taiwan-based supplier to begin shipping two new versions of the iPhone next month, including a lower-cost model, the Wall Street Journal reported Monday.

Taiwan's Hon Hai Q2 net profit up 41 percent

Taiwan's tech giant Hon Hai Precision, a major supplier to Apple, said Tuesday that its net profit in the three months to June rose 41 percent year-on-year.

Deutsche Telekom profit up, sees rebound in US

Telephone company Deutsche Telekom AG said net profit increased 10 percent in the second quarter to 530 million euros ($704 million) and said its U.S. business was adding "droves" of new customers as its operations there ...

Groupon stock soars after 2Q results, new CEO

Groupon's stock soared Thursday after the beleaguered online deals company named co-founder Eric Lefkofsky permanent CEO and posted stronger-than-expected revenue for the second quarter.

Nokia finalises Nokia Siemens buy, changes name

Finnish mobile phone maker Nokia said Wednesday it had finalised the purchase of German engineering giant Siemens' 50 percent stake in Nokia Siemens Networks, and changed the company's name.

Fully-owned NBCUniversal boosts Comcast 2Q results

The decision by Comcast Corp., the country's largest cable company, to buy out General Electric in NBCUniversal looks like a smart one, as the media conglomerate posted strong results for the second quarter.

BP says oil spill compensation fund running out

British energy giant BP admitted on Tuesday that its $20 billion (15 billion euro) fund to compensate victims of the 2010 US oil spill disaster has almost run out of cash.

Bally to buy SHFL Entertainment for $1.31B

Bally Technologies Inc. said Tuesday that it has agreed to buy fellow gambling equipment maker SHFL entertainment Inc. for about $1.31 billion in cash.

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