The Korean electronics giant, which hosted a press event today here, said the Samsung Catalyst Fund will center on funding early stage companies focused on components and subsystems. Its $1 billion American Ventures America Fund will also be used to help further target areas like mobility, the cloud, and the Internet of Things.
"Much of our innovation in the past was done in Korea, because that's where … Read more
Listeners of The 404 Show have plenty of financial questions, so we look to our resident expert Jill Schlesinger from "CBS MoneyWatch" to make sense of it all. From ETFs to IRAs and everything in between, Jill and Jeff navigate the choppy waters of personal finance. They'll also talk about Apple in great detail, and whether the company's sinking stock price is a sign of things to come.
Jill hits up The 404 Show every three weeks, so if you've got a question you want answered on the show, be sure to send a tweet or e-mail us! … Read more
Word has it that YouTube is looking to throw some cash in the direction of the music video site Vevo, according to AllThingsD. If these rumors are true, it shows that YouTube is increasingly moving toward the content market.
YouTube was supposedly courting Vevo last May and is now reportedly ready to make an investment, according to AllThingsD. If indeed the video giant does partner with Vevo, the way consumers view content on the site will supposedly stay the same -- which means watching big label music videos for free.
Vevo was tallied as the third most-watched video site in … Read more
Andreessen Horowitz, the famed venture-capital firm run by Marc Andreessen and Ben Horowitz, is not selling the Facebook shares it acquired through direct investment.
Reports surfaced yesterday saying that Andreessen Horowitz, one of the earliest and biggest investors in Facebook, was offloading some shares it directly acquired through investment in the social network following a mandatory lockup period. However, a Securities and Exchange Commission filing has revealed that only Marc Andreessen himself has personally offloaded some shares. According to TechCrunch, which was first to report on the news, a spokesperson from Andreessen's firm said that the sales will only … Read more
Microsoft is spreading its reach to South America with plans to invest roughly $100 million in a technology center based in Rio de Janeiro, Brazil, according to Agencia Estado.
The center will have support from the Brazilian government, but the lion's share of funding will come from Microsoft. It's unclear exactly what the center will do, such as develop products, train Brazilians, act as a research hub, or something else.
According to The Next Web, Microsoft also invested $5 million in its Sao Paulo outpost earlier this year but the Rio de Janeiro center is a far bigger … Read more
After Carl Icahn snapped up a 10 percent stake in Netflix, which caused a 15 percent jump in the company's stock shares yesterday, the streaming-video company announced that it's ready to listen to Icahn's business advice.
"We have many shareholders, now including Mr. Icahn, and we're always open to their perspective on how to build on our success," a Netflix representative told CNET in an e-mailed statement.
Icahn's history as an investor is full of high-profile proxy fights and tussles with management. In recent years, he has fashioned himself as an investor activist. … Read more
Apple has a thing for being the biggest in the world. First, it was the biggest company, in terms of market capitalization. Now it's also a hedge fund.
Zero Hedge yesterday reported that little-heralded Apple subsidiary Braeburn Capital has become "the world's largest hedge fund." The company had $117.2 billion in assets under management at the end of June, easily besting Bridgewater -- generally recognized as the top hedge in the world with approximately $100 billion in assets under management.
According to Zero Hedge, Braeburn is adding $15 billion in funds each quarter, and is … Read more
Sony has decided to help out Olympus.
The Japan-based companies announced today that Sony will acquire over 34 million shares in Olympus through a third-party allotment to the tune of $645 million in cash. The deal, which both sides are calling a "capital alliance," is designed to help keep Olympus afloat following a scandal that has brought the company to its knees.
To consumers, Olympus is best known for its cameras. But the company also produces optical equipment for medical, scientific, and industrial uses.
Olympus' troubles started -- on paper, at least -- last year when its dismissed … Read more
Apple's stock keeps soaring higher and higher following this week's unveiling of the iPhone 5.
Earlier today, the shares hovered at around $696, up almost 14 points since yesterday's close and within a hair's breadth of the $700 threshold. They closed at $691.28.
The climb began Wednesday during the iPhone event.
Shares started to rise as the event unfolded, reaching $668. Many investors decided to cash in at that point, since the stock fell back down to $657 after the event. But further trading drove the stock up to $669. It jumped still further in … Read more
Apple's current steep stock price probably places it off limits to a lot of investors. But those who can cough up the cash can do well investing before a new product cycle, according to investment firm Sanford C. Bernstein.
Bernstein's latest research found that Apple's stock historically outperforms in the eight weeks before a new product is announced.
Apple shares have tended to rise in short spurts over the past couple of years. As such, Bernstein Research analyst Toni Sacconaghi, Jr., still advises investors to hold a long-term position rather than try to time the market. But … Read more
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