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- Samsung buys major stake in rival smartphone maker
Samsung has reportedly made a major investment in rival South Korea-based smartphone maker Pantech. Yonhap News was first to report the news and it says Samsung spent roughly $50 million for 10% of the company. Samsung’s motives are unclear, though the deal will reportedly “help further solidify bilateral cooperation in smartphone and other business areas.” Pantech is currently the No.3 phone maker in South Korea behind Samsung and LG, and the new investment makes Samsung the company’s third-largest shareholder behind Qualcomm and Korea Development Bank.
- John McCain Is the Latest Senior Senator to Have Had Enough of Junior Ted Cruz
For two days John McCain and Ted Cruz have been fighting on the Senate floor over the rules for negotiating a budget, but, like so many fights, it's also about so much more. Cruz is being annoying about the budget, but worse, he just doesn't get the Senate.