On Wednesday, Samsung Electronics reported profits for the third quarter which surpassed the analysts' expectations. However, the analysts' say that it resulted mainly due to steady sale of components like mobile display and chips as well as the currency exchange rates that remained favorable helping to hide the consistent weakness in the company's smartphone business.
Volkswagen, the German automaker has been the center of focus for wrong reasons of late. The carmaker admitted using devices to cheat on diesel emissions tests.
The car maker has admitted selling eleven million diesel cars all over the world that were equipped with engines which give out a lot more pollution than what is allowed by the Clean Air Act.
Ben Bernanke says Larger Number of Executives Involved in 2008 Financial Crisis Should Have Faced ProsecutionSubmitted by John Binz on Mon, 10/05/2015 - 06:00
First Data Corp. headquartered in Atlanta launched its IPO, setting a price range, which may raise close to $3.7 billion. In that case, it would make the initial public offering the largest in the U.S. listing this year.