Forget Samsung, Xiaomi Is China’s New Smartphone King – Aug. 4, 2014

The performance is the latest indication that Xiaomi has evolved from niche player in China to a major force in its home market. The company, founded just four years ago by Lei Jun, captured 14% of the Chinese market in the second quarter, according to research firm Canalys. That translates to 15 million smartphones, a 240% improvement over the same period last year. “This is a phenomenal achievement for Xiaomi,” said Canalys analyst Jingwen Wang, who praised Xiaomi’s marketing and product lineup. Related: China’s red hot phone market is cooling In a nod to the competitiveness of the smartphone business in China, Xiaomi has only a narrow lead over its rivals. http://money.cnn.com/2014/08/04/technology/xiaomi-china/index.html?section=money_latest

Year-over-year US home prices show a slowing gain

J & J Machining, Welding & Fabricating

Many would-be buyers, particularly younger ones, were priced out of the market as a result. Sales of existing homes fell in the second half of last year and have only modestly recovered since then. They rose to a seasonally adjusted annual rate of 5.04 million in June, the third straight increase. http://globegazette.com/news/national/year-over-year-us-home-prices-show-a-slowing-gain/article_7e514f1d-af7a-5b37-b0a3-eaf1df4d5304.html

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