Samsung Group to invest record $41.56 bln this year

South Korea's Samsung Group announced it would invest a record 47.8 trillion won ($41.56 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom.

Sony quits organic-screen TV business

Sony Corp. has discontinued production of TV sets with organic electroluminescence (EL) display panels, widely seen as the mainstream panel to be used in next-generation flat-screen TVs, it was learned Saturday.

Venture investments grow in 3Q from last year

(AP) -- Venture capitalists invested more money in more U.S. startups in the third quarter than they did a year earlier - especially in the software industry.

Rising Twitter valued at $8 bn: report

The US micro-blogging website Twitter is gaining value and is now worth an estimated $8 billion, the New York Times reported Friday.

NEC sees losses triple

Japan's NEC said Thursday its net loss in the October-December quarter almost tripled from a year earlier, blaming a delay in the recovery of IT-related capital investment in the country.

Venture capital investments decline in 4th qtr

(AP) -- Venture capitalists invested less money in U.S. startups in the fourth quarter and showed signs of spreading out those fewer dollars among more companies, reflecting continued caution amid uncertainty about the economy.

The recession hits science

The lagging economy is hurting Massachusetts' vaunted life-sciences industry, and might especially hinder the development of new drugs, according to a report released today by MIT researchers.

Banks and bailouts: Playing politics?

(PhysOrg.com) -- Banks with strong political connections were more likely to receive bailout money from the government—and more of it—in the past year than those with weaker ties, say University of Michigan researchers.

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