After day in South Korea court, Samsung chief awaits arrest decision
15:15 - 16.02.2017 -

Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye. The 48-year-old Lee, wearing a dark coat and navy tie, kept his head down

BT supports Google’s Android in EU antitrust row
21:21 - 06.02.2017 -

BT (BT.L) has become the first major telecoms company to back Google (GOOGL.O) in a battle with EU regulators, defending the “stability and compatibility” of the Android operating system, which is in the sights of anti-trust regulators. The EU says Google stifles competition by forcing smartphone makers to pre-install its search function and browser to

Nokia beats market expectations, sees network market improving
14:14 - 02.02.2017 -

Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize. Nokia and its rivals, Sweden’s Ericsson and China’s Huawei [HWT.UL], have struggled lately as telecom operators’ demand for faster 4G mobile broadband equipment

Sony rules out pictures biz sale, committed to turnaround
14:14 - 02.02.2017 -

Sony Corp on Thursday said it does not plan to sell its pictures business after suffering a $1 billion writedown, and instead aims to turn it around by adding sales channels and making more use of movie characters. “We believe in long-term upside potential for pictures,” Chief Financial Officer Kenichiro Yoshida said at an earnings

Trust banks plan to sue Toshiba over 2015 accounting scandal
16:16 - 30.01.2017 -

Japanese trust banks are preparing to sue Toshiba Corp over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown. The news follows an announcement by the struggling conglomerate on Friday that it will sell a minority stake in its memory chip business to

Futures slip as Trump’s travel bans spark uncertainty
16:16 - 30.01.2017 -

U.S. stock index futures fell on Monday as President Donald Trump’s orders to curb immigration from certain countries triggered uncertainty and protests across the world. * Trump on Friday put a 120-day hold on allowing refugees into the United States, an indefinite ban on refugees from Syria and a 90-day bar on citizens from Iran,

Sony takes $976 million charge on movie segment as DVD market shrinks
16:16 - 30.01.2017 -

Sony Corp (6758.T) said it booked an impairment charge of 112.1 billion yen ($976 million) on the goodwill value of its movie segment in the quarter ended December, as online streaming services sapped demand for movie DVDs. The impairment charge came as Sony cut its outlook for profits from DVD, blu-ray discs and other home

Iran says it sealed Boeing plane deal at half price
20:20 - 26.12.2016 -

Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing (BA.N) airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus (AIR.PA) have both signed huge contracts this month to supply airliners to Iran, the first

12:12 - 22.12.2016 -

Yahoo Inc’s secret scanning of customer emails at the behest of a U.S. spy agency is part of a growing push by officials to loosen constitutional protections Americans have against arbitrary governmental searches, according to legal documents and people briefed on closed court hearings. The order on Yahoo from the secret Foreign Intelligence Surveillance Court

12:12 - 22.12.2016 -

Nokia Corp (NOKIA.HE) said on Wednesday it had filed a number of lawsuits against Apple Inc (AAPL.O) for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier. Nokia’s lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany, and the U.S. District Court

Facebook underreported iPhone traffic for some publishers
10:10 - 18.12.2016 -

Facebook Inc (FB.O) said it had underreported the number of views on iPhone of content published by some publishers using its Instant Articles platform between Sept. 20 and Nov. 30. Publishers make money through ads on their posts. Facebook said on Friday that a recent update to one of its metrics had led to the

Nissan, Renault, Mitsubishi to share electric car platform: Nikkei
10:10 - 18.12.2016 -

Nissan Motor Co (7201.T), Renault SA (RENA.PA) and Mitsubishi Motors Corp (7211.T) will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said. The strategy comes as auto giants Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp (7203.T) are also aiming to mass-produce

WhatsApp, Skype set to come under new EU security rules: draft
14:14 - 13.12.2016 -

Messaging services such as Microsoft’s Skype and Facebook’s WhatsApp face stricter rules on how they handle customer data under new security laws due to be proposed by the European Union, according to a draft document seen by Reuters. The EU executive wants to extend some rules that now only apply to telecom operators to web

SWIFT confirms new cyber thefts, hacking tactics
14:14 - 13.12.2016 -

Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide. The messaging network in a Nov.

13:13 - 09.12.2016 -

Germany is investigating whether Volkswagen’s (VW) sportscar brand Porsche used software to disguise exhaust emissions, the country’s car industry regulator said on Thursday, in a fresh blow to VW’s attempts to move on from a 15 month-old scandal. The investigation could be particularly embarrassing for VW (VOWG_p.DE) group chief executive Matthias Mueller, who headed the

13:13 - 09.12.2016 -

Scientists examining the jawbone of a saber-toothed, mammal-like beast that prowled Tanzania 255 million years ago have come across a remarkable fossil rarity: one of the oldest-known tumors. University of Washington researchers on Thursday described a benign tumor composed of miniature tooth-like structures they found embedded next to the root of the creature’s enlarged canine

BMW seeks to be ‘coolest’ ride-hailing firm with autonomous car
8:08 - 05.12.2016 -

BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber [UBER.UL], which have spent billions on pay-per-use personal transport. The German carmaker will have about 40 vehicles with self-driving functions in Munich’s inner city and then expand the project to other cities, BMW executives said

Nokia brand-phones poised for comeback as HMD takes charge
16:16 - 01.12.2016 -

Nokia-branded mobile phones are about to make a comeback via a new venture that will reunite the Nokia brand with veteran Nokia executives who aim to move into smartphones capitalizing on an existing operation that sells low-cost basic phones. HMD Global, a new Finnish company set up to revive the Nokia phone brand, on Thursday

Zenefits hit with $7 million fine by California insurance regulator
14:14 - 29.11.2016 -

Software company Zenefits has been fined $7 million by California’s insurance regulator, marking the biggest penalty yet for the startup that has faced multiple investigations for flouting insurance laws. California Insurance Commissioner Dave Jones said in a statement posted on the state insurance department’s website that Zenefits was charged with allowing unlicensed employees to sell

Samsung Electronics considers split as investor pressure builds
14:14 - 29.11.2016 -

Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. The move and a plan to raise dividends come after U.S. hedge fund Elliott Management in October called for