Technology - Business news

Samsung vows changes after mobile profit plunges

Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.

Oct 30, 2014
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China's online holiday sets record $9.3B sales

China's largest Internet retailer rang up more than $9 billion during the country's biggest online shopping holiday, smashing last year's figure to set a record for a single day of sales.

Nov 12, 2014
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Halliburton buying Baker Hughes in $34.6B deal

In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion.

Nov 17, 2014
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