On Wednesday, Starbucks Corp. Chief Executive Officer Howard Schultz announced that the world’s largest retail coffeehouse chain will begin to integrate Square Inc.’s mobile payment processing system into 7,000 of its store locations in an effort to expedite customer transactions.
After frenzied two days of negotiations, Facebook Inc. agreed to acquire the popular photo filter and sharing service Instagram for $1 billion in cash.
On Sunday, the Nokia Lumia 900 smartphone, which runs on Microsoft’s Windows Phone operating system, will be launched on the AT&T network in the United States.
Following a record-breaking first quarter, which featured revenue of $46.33 billion on a net profit of $13.06 billion, Apple Inc. now has a market capitalization value of more than $500 billion.