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Business News Archive - August 21, 2012

Samsung Invests In Austin

Samsung, the largest maker of memory chips, has announced their intention to invest nearly $4 billion in their Texas factory as demand for smartphone and tablet processors continues to increase.

How Instagram Lost Millions By Selling To Facebook

Instagram didn’t get the best deal they could from Facebook’s $1 Billion offer. Perhaps Instagram should have insisted on being paid in cash, rather than shares of Facebook stock.

Word of the Day
tourtiere
  • a meat pie that is usually eaten at Christmas in Quebec
The word 'tourtiere' comes from the French tourte, or passenger pigeon.
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