Samsung, the South Korea based electronics giant said its shipments for smartphones number more than 52 million for the recently ended second quarter. That number was more than double the number of iPhones Apple shipped during the same period, according to industry research. Worldwide Samsung shipped the huge quantity of smartphones, which also outpaced the worldwide shipments of Blackberry by Research In Motion, which only made 7.4 million shipments in the same period. Nokia shipped more than 10.2... 

The Campbell Soup Company announced that it would buy food company Bolthouse Farms from the private equity firm Madison Dearborn Partners.  Campbell will pay $1.55 billion in cash to close the deal. Denise M. Morrison, Campbell’s chief executive, said in a statement, “Bolthouse is a great strategic fit with Campbell.  Its business platforms, capabilities and culture are well aligned with the core growth strategies we announced last year.” The deal is the biggest in Campbell’s history. ... 

Officials in the city of Anaheim voted on Tuesday to request an official investigation by the U.S. Attorney’s office over recent police shootings. That includes one that took place last weekend where an unarmed man was shot by police. That shooting sparked protests that have lasted for four days and a clash between police officers and residents. Patrols by police were stepped up and many were donned in riot gears, as hundreds of people took to the streets in protest in front of City Hall. Many... 

The European Commission of the European Union announced yesterday that it has started an investigation into possible price fixing by 13 makers of optic disk drives. The allegations are that the makers of the drives participated in a cartel around the world. The Commission did not reveal any names of the companies involved in its investigation, but said via a prepared statement that it suspects the 13 companies of conspiring to control the supply of optical disk drives used in computer servers and... 

Jennifer Lopez the superstar entertainer and former judge on American Idol celebrated her 43rd birthday today. Lopez has two beautiful twins Emme and Max who are four years old. She is currently touring with Enrique Iglesias and has a new dancer boyfriend by the name of Casper Smart. Some place Lopez’s net worth at over $150 million due to her singing career and successful movie roles. She currently is appearing in a recently released movie titled What to Expect When You’re Expecting. She was... 

A pickup crashed into a group of trees on a remote stretch of Texas highway early Monday morning killing 14 of the 23 people onboard. Authorities said at least 23 people were in the pickup when it crashed, with the number possibly being more if others were able to leave the scene before authorities arrived. Two children were among those killed. Authorities believe the passengers were from Mexico, Guatemala and Honduras. Officials from Immigration services were trying to determine if the people were... 

News Corp. Chairman and Chief Executive Officer Rupert Murdoch resigned from three of the company’s boards, which include the News International newspaper division in the United Kingdom. The move was made to prepare for impending division of his media empire into publishing and entertainment businesses. Aside from the News International newspaper division, they also stepped down as director of the Newscorp Investments and Times Newspapers Holdings. This was according to the U.K. regulatory filings.... 

South African Ernie Els knew he would have to play almost flawless golf in the final round of the British Open if he hoped to have any chance of winning. He went out and played a brilliant round, recording a birdie on the last hole in dramatic fashion. Els also knew that besides playing nearly flawless golf, he would also need the help of Australian Adam Scott to win. Scott started the day six shots ahead of Els. Els helped his cause be recording four birdies in his last nine holes to finish the... 

Australian media mogul Rupert Murdoch announced he was stepping down from the two News Corp businesses in the United Kingdom. By doing so, he has symbolically put a distance between himself and the vast empire he started 43 years ago with the purchase of The Sun and News of the World. Officials at the media conglomerate called Murdoch’s resignations just a simple corporate housecleaning prior to the media empires splitting of its entertainment and publishing businesses into two separate companies. Both... 

James Holmes, the accused gunman in the movie theater massacre, remains completely unapologetic for his alleged action. He is accused of killing 12 people and injuring as many as 58 more. Holmes is a former honors student and was studying for his PH.D. In the jail where he is currently being held, he is said to be irrational. Inmates who were recently released from the jail said Holmes is spitting at and on everything and believes he is taking part in a Batman movie. Immediately after arriving, Holmes... 

A hacker from Russian was taken into custody last week in Cyprus for two cyber attacks he is alleged to have performed against Internet giant Amazon.com. Dmitry Olegovich Zubakha was taken into custody by local and international law enforcement officials under a worldwide warrant. He was indicted back in May 2011 for attacking the Internet sites. On Saturday, the indictment was unsealed following the arrest of the Russian computer whiz. The indictment details the hacker attacks, which were denial... 

On Friday, Viacom and DirecTV came to a new seven-year agreement. The agreement makes over 20 million DirecTV subscribers very happy as they will now receive their favorite shows once again. The satellite TV provider reached the agreement to have the shows telecast from Viacom. However, the dispute’s size, scope and high profile could make all future programming battles different. The dispute between the two companies caused more than 20 million subscribers to lose 26 networks for a full nine days.... 

Kayak is now public. The Connecticut company had its initial public offering on Friday. Behind its successful Kayak.com site the company went public and will trade on Nasdaq. The company saw its initial stock prices jump by 16% as trading started Friday morning. Kayak offered 3.5 million shares initially priced at $26. That IPO raised over $91 million. The tracking symbol for the company is KYAK. Kayak is expected to use the proceeds from the IPO to possibly make new acquisitions and enhancement... 

WellPoint has agreed to buy Amerigroup in a $4.9 billion deal. The deal is one of WellPoint’s biggest since the company was created in a 2003 merger.  The company has also recently acquired 1-800 Contacts, a contact lens retailer, and CareMore, a provider of managed care for the elderly. Under the terms of the deal, the company will pay $92 a share in cash, a significant premium over the closing price of Amerigroup the day before the deal was announced.  . The deal is expected to close in... 

It looks like Yahoo is confident with its new Chief Executive Marissa Mayer. She will receive up to $100 million in compensation, bonus, stock and retention awards for the next five years. According to the announcement made by the online company, she is expected to get around $5.4 million for the rest of this year and $20 million a year starting next year. Some of the amount depends on performance targets set by the Yahoo board. Former Yahoo CEO Scott Thompson and Carol Bartz got compensation packages... 

John Deaton from North Texas announced that his wife was strip searched and had her feeding tube touched by Transportation Safety Administration screeners prior to one of her flights. His wife, Melinda Deaton, has a feeding tube that was medically implanted into her stomach and sticks out almost four inches. She needed the tube to be implanted after suffering complications from a prior gastric bypass operation. Deaton uses the airport frequently, as she has to fly on a regular basis to the Mayo Clinic... 

Microsoft announced on Thursday it had made an accounting adjustment to reflect that an online advertising company it purchased in 2007 had not lived up to expectations that top executives had hope for. The result led to Microsoft’s first quarterly loss ever recorded in the 26 years since its original public offering. The company had warned last month that it was taking the charge that amounted to $6.2 billion because purchasing aQuantive that did not yield the expected returns that were envisioned. The... 

Capital One Financial Corp. has to pay $210 million as settlement for its deceptive marketing of credit card add-on products such as payment protection and credit monitoring. This has been the first public enforcement case file by the Consumer Financial Protection Bureau, which is established by the Dodd-Frank Act to increase supervision over consumer financial products. The bureau as well as the Office of the Comptroller of the Currency, the bank’s primary regulator, said that Capital One agreed... 

American citizens, thanks to a government regulation, can enroll and attend flight school even though they appear on a no-fly list because of being suspected of involvement with terrorist activities. They are not even required to have a background check taken prior to being qualified. The loophole in the system was discussed during a Wednesday hearing that was examining the security programs at the Homeland Security Department. These programs screen foreigners who want to attend flight schools in... 

Bank of America’s second quarter profits were marred from the record number of mortgage claims asking for refunds due to faulty mortgages. The bank, based in North Carolina, is the second largest in assets in the United States. It results cast further doubt on whether the real estate lender can maintain the improvements it has made in its real estate sector. By lowering the amount it holds in reserve, the bank was able to walk away with a profit for the second quarter of $2.45 billion. That was... 

Bank of America reportedly earned $2.5 billion, or $0.19 a share, compared with analysts’ projections of $0.14 for the quarter.  The bank reported revenue of $22.2 billion for the second quarter, slightly less than expected and below the level in the first quarter of this year.  The latest figures are a sharp contrast to Bank of America’s results for the same period a year earlier, when mortgage-related charges contributed to an overall loss of $8.8 billion, or $0.90 a share. The bank... 

The National Security building in the capital of Syria was struck Wednesday by a massive bomb. Killed in the blast was the brother-in-law of President al Assad and the country’s defense minister. The bombing was the worst to hit the regime in Syria since last year’s uprising began. State TV said the bomb blast took place during a session of Cabinet ministers and security officials. Four consecutive days of clashed between the government’s troops and the rebels have made tensions very high.... 

A recent study shows that a lack of exercise is causing as many people to die as smoking, around the world. The report claims that close to 33% of all adults do not have enough physical activity in their lifestyle and that causes close to 5.3 million deaths each year. That makes about one in death in 10 from conditions such as diabetes, heart disease and colon and breast cancer. Researchers from the study said the problem was so severe today that health officials should treat it as if it were a pandemic. Researchers... 

According to a US Senate report, HSBC Holdings Plc has a pervasively polluted culture that allowed the bank to act as financier to clients looking for a way to route shady funds from the world’s most dangerous regions, such as Mexico, the Cayman Islands, Iran, Syria, and Saudi Arabia. The British bank’s problems have been known for almost a decade and the Senate investigation detailed the vastness of the problems have been. According to the US Senate report, the Office of the Comptroller of the... 

On Monday night, a shootout in Toronto took the lives of two people, wounded another 19 and saw three more trampled at a block party in the city’s east end. The two who died at the shooting scene were a teenage female and a 20-year old male. Three were injured badly when people trampled them when they panicked trying to flee the gunshots. On Tuesday morning, police in Toronto said that one of the other 19 wounded by gunfire was a baby less than two years old, who had been hit in the head with a...