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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
coulisse
  • One of the side scenes of the stage in a theater, or the space included between the side scenes.
  • The outside stock exchange, or “curb market,” of Paris.
  • A flute or groove on the blade of a sword.
  • A section of stage scenery placed in a wing of a theatre.
The word 'coulisse' comes from a French word meaning "sliding door".
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