The Japanese tech giant has offered a revised earnings statement, blaming a costly exit from the PC business and diminishing demand for disc-based media.
As part of the $200 million project, the first new hubs are expected to come online in late 2015.
The sale of its stake in Beats Electronics helps the Taiwanese handset maker avoid recording a second-consecutive quarterly loss.
The company's head of investor relations says the move is designed to make Samsung's smartphone business more efficient.
The Korean electronics giant is shifting gears again with its troubled mobile operating system. It's now aiming for affordability as a key characteristic of Tizen smartphones.
It never fails that calls come in on your phone the minute you're using it to do something else. Now you can skip having a phone call take over your screen, and deal with it in a more efficient manner.
The games industry continues to boom while other sectors of the economy sputter, according to a new report from the Entertainment Software Association.
Global ad sales rise to $473.4 million, contributing to a 12 percent increase in AOL's total revenue for the quarter.
Music publisher Kobalt says "the pipes are broken" in the record industry, but has seen a huge surge in money from streaming sites.
Adding to its antitrust problems in China, the chipmaker says it's now under investigation by US and European government agencies.