Samsung boosts US research, venture fund (Update)

Samsung announced Monday it was pumping more money into research and venture capital funding efforts that will be led by a new hub for the South Korean giant in Silicon Valley.

Nokia Siemens axes services unit, 1,000 jobs at risk

Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it is shutting down one of its German units with the potential loss of 1,000 jobs.

Business plan competitions may be key to job growth

A new study of high-tech startups that participated in the Rice Business Plan Competition (RBPC) shows that these entrepreneurs have a much higher rate of success than typical new ventures and are therefore more likely to ...

Profits plunge in Q2 for Sweden's Ericsson

(AP) — Swedish wireless equipment maker LM Ericsson saw its second-quarter profits slashed to almost a third as sales of network infrastructure slowed in China and Russia and the company focused on the more stable — ...

Jack Ma: English teacher turned Internet billionaire

After being knocked back by American venture capitalists in 1999, Jack Ma -- a cash-strapped entrepreneur -- convinced friends to give him $60,000 to start Chinese online retailer Alibaba.com.

Cult video gaming firm closer to IPO

Leading video game hardware company Razer has secured $50 million from a Beijing-based venture capital fund that takes it potentially closer to a public listing, the company said Wednesday.

Twitter to show more ads, still biding time on IPO

(AP) -- Expect to see more ads flowing through Twitter's stream of tweets in the coming weeks, but don't expect to read anything soon about an IPO from the online messaging service.

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