Verizon Q2 profit up 13% on wireless growth
Verizon Communications reported a 13% increase in its second-quarter net income as the growth in its wireless business drove revenue and the telecom giant increased its overall subscriber base.
Microsoft posts first quarterly loss
Microsoft Corp reported its first quarterly loss in 26 years as the software giant took a previously announced hit for writing down the value of its ailing online unit.
Google post $2.8b quarterly profit on rising online ads
Google on Thursday reported a surge in quarterly profit to $2.79 billion thanks to rising online advertising revenue, beating Wall Street expectations.
China's mobile internet users hit 388m in 1H2012
The number of people accessing the internet via mobile devices has increased to a record high of 388 million at the end of June, representing 28.8% of the country's population. The increase comes amid a slowdown since 2010 in the growth rate of the total number of Chinese Web users, which was at 538 million in the first half.
KT to sell copper cables to focus on faster network operations
KT plans to sell over 26,000 tons of copper cables via a public auction to waste and recycling companies by the end of August. With the proceeds from the sale, it will invest in further developing faster network infrastructure using fiber-optic cables to meet rising demand for faster data transmission amid the smart device boom.