Business

Paramount Pictures has stated that it plans to lay off about 110 positions in the financial and marketing department as part of the film studio's realignment, a memo sent to employees revealed.

BlackBerry Ltd warned on Friday that it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, which is more than 40%, or 4,500 people will soon lose their jobs

People from all over the world braved long lines outside Apple stores on Friday as the new iPhone 5S & 5C premiered, USA Today reported.Two weeks ago, the Apple company unveiled the two new iPhones, and the iOS7 model went on the market on Wednesday.