TopNews

UK publisher, Penguin has reahed a settlement with the European authorities over its pricing of E-books over the internet.

Penguin, which is owned by Pearson PLC , has made an offer to the European Union's antitrust watchdog, which as been accepted. By the officials. The European Commission has said that the company has made a satisfactory offer to the authority following the investiations into distorted pricing of electronic books in Europe.

US retail giant, Wal-Mart is now selling Apple's iPhone 5 and iPhone 4S at chaper rates ahead of the launch of the new device in the market.

There are indications that the iPhone 5S might be launched this fall and the retailer is already selling the iPhone 5 and iPhone 4S for $129 and $39 respectively, in order to clear inventory and also to earn some additional income before Apple discounts the items further.

Chip maker, Qualcomm has recorded an increase of 31 per cent in profits to $1.58 billion during its third quarter of the year.

Qualcomm has recorded strong demand in the smartphone and tablet market. Its processors are powering a host of high-profile devices including some Samsung Galaxy S4 handsets and are set to be inside Google's second generation Nexus 7 tablet. Hind demand from manufacturers of tablets and smartphones have helped the company increase its revenues by 35 per cent to $6.24 billion.

A new app called BarEye, claims to allow users to buy, send, and receive drinks through their iPhone or Android device.

The app lets users check-in a bar and the users can send drinks to others who have checked into the bar. They will also be able to send drinks to their Facebook friends through the app. BarEye, which is expanding to five new cities after a successful trial run in Tallahassee in the US, will be available on iOS and Android based devices.

Taiwanese technology giant, Asus has been able to boost sales and following its partnership with internet giant, Google in the previous year.

Asus started partnering with Google with the launch of first-generation Nexus 7 and has been benefitting from the increased sales in the global market. Strong sales of Nexus 7 allowed the company to record higher tablet sales than Amazon. com, making it the third largest player behind Apple and Samsung.

Madrid, July 26 : The number of unemployed people in Spain dropped by 225,200 to 5.97 million in the second quarter, pushing the unemployment rate down by 0.9 percent to 26.26 percent, the government said in a report.

Employment rose by 149,000 to 16.78 million in the April-June period, with the labor force participation rate at 59.54 percent, the Labor Force Survey said.

The drop in unemployment was the biggest since 2008, comparing the employment trend in the second quarter of each of the five previous years.