Samsung Forecasts Weaker Fourth Quarter on Falling Prices

Samsung Electronics (SSNHY), the world’s biggest maker of TVs, expects weaker fourth quarter earnings because of lower prices and a stronger South Korean won.

The fourth quarter will see “severe” competition in TV prices, Samsung said, according to B…

YouTube CEO Chad Hurley to Move to Advisory Role

Chad Hurley, co-founder and CEO of YouTube, will move to an advisory role at the company, TechCrunch said.

Hurley is working on other projects and will focus on them when he becomes an adviser at the Google (GOOG) subsidiary, TechCrunch reported. He declined to give details on the other projects.

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Hurley founded YouTube in 2005 along with Steve Chen and Jawed Karim. All three of the…

Continue reading YouTube CEO Chad Hurley to Move to Advisory Role

YouTube CEO Chad Hurley to Move to Advisory Role originally appeared on DailyFinance on Fri, 29 Oct 2010 07:20:00.

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Apple Becomes One of Top Five Mobile Phone Makers

iPhone

Apple (AAPL) surged into the world’s top-five mobile phone vendors in the third quarter, thanks to sales of the Apple iPhone.

The consumer technology giant jumped into fourth place, ahead of Research In Motion (RIMM), Bloomberg News reported.

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“The entrance of Apple to the top five underscores the increased importance of smartphones to the overall market,” Kevin Restivo, an analyst…

Continue reading Apple Becomes One of Top Five Mobile Phone Makers

Apple Becomes One of Top Five Mobile Phone Makers originally appeared on DailyFinance on Fri, 29 Oct 2010 07:01:00.

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Halliburton Responds to Cement Test Claims

Oil services firm Halliburton (HAL) has responded to claims that it was aware of test results showing that the cement to be used as a plug for the bottom of the Macondo oil well was unstable.

Federal investigators sent a letter Thursday indicating tha…