The number of households in Silicon Valley earning at least $150,000 rose significantly, according to an analysis of Census Bureau data.
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.
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.
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 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.
As part of the $200 million project, the first new hubs are expected to come online in late 2015.
Chairman Tom Wheeler makes his case for higher-speed Internet access in schools, proposing a plan to increase the monthly fee in phone bills by 16 cents to cover new investment.
Revenue for fiscal 2014 is down 1 percent year over year, and shares fall slightly in after-hours trading.
Lawmakers in South Korea are siding with using the 700MHz frequency for nationwide Ultra HD broadcasts, instead of using the spectrum to relieve congested mobile traffic.