Singapore-based communications operator StarHub on Thursday announced that its Chief Operating Officer Mr. Tan Tong Hai would ascend to the post of CEO later this month after current Chief Neil Montefiore would step down.

Yahoo Inc. has reported a drop of 8 per cent in profit and a rise of 2 per cent in revenue for its fourth quarter, showing that the struggling internet firm's business is holding steady rather than deteriorating.

On Thursday, Apple reported its earnings for the quarter that ended September 29, and disclosed that its net income during the quarter stood at $8.22 billion, or $8.67 per share, as against the net income figures of $6.62 billion, or $7.05 per share, in the same quarter last year.

According to the most recent statistics shared by market research firm International Data Corp. (IDC), Apple' sales of its Mac computers witnessed in a slump during the second quarter, with the company selling fewer number of Macs during the quarter vis-a-vis the US Mac sales figures for the same quarter last year.

According to Samsung Electronics' regulatory filing with the Korean stock exchange on Friday, the April-June quarter witnessed the company's operating profit increase a notable 79 percent year-on-year, to touch 6.7 trillion won
(US$5.9 billion); thanks largely to the strong sales of the company's Galaxy handset.

With Facebook hopeful that its growth prospects will apparently serve as a persuasion for investors to pay 99 times earnings for its forthcoming initial public offering (IPO), the company at 99 times profit will reportedly exceed 99 percent of companies in the Standard & Poor’s (S&P) 500 Index.

Reporting disastrous first-quarter results on Thursday, Finnish handset-maker Nokia said that a 29 percent plunge in the company’s sales had resulted in a loss of €929 million ($1.2 billion), as compared to a €344 million profit during the same quarter last year.