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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

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

Don’t let Trump embarrass our queen, say a million Britons
16:16 - 30.01.2017 -

Over a million people in Britain have signed a petition calling for U.S. President Donald Trump’s planned state visit to be canceled to avoid embarrassing Queen Elizabeth, in a grassroots backlash against his immigration policies. The invitation to make a state visit, which will involve lavish displays of royal pageantry and a banquet hosted by

Emboldened by Trump, some police unions seek to overhaul Obama’s reforms
16:16 - 30.01.2017 -

Steve Loomis, president of the Cleveland Police Patrolmen’s Association, had a blunt message for Donald Trump during a meeting in September: court-ordered reforms aimed at curbing police abuses in the midwestern city are not working. Loomis and two other attendees said Trump seemed receptive to Loomis’s concerns that federally monitored police reforms introduced during the

Under scrutiny, Trump decides to dissolve his foundation
20:20 - 26.12.2016 -

U.S President-elect Donald Trump said on Saturday he intends to dissolve his charitable foundation, the Donald J. Trump Foundation, which has been under investigation by the New York attorney general. Trump gave no timeline for winding down the foundation, but said in a statement that he wanted “to avoid even the appearance of any conflict

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

Singer George Michael of Wham! fame dies at 53
20:20 - 26.12.2016 -

British singer George Michael, who became one of the pop idols of the 1980s with Wham! and then forged a career as a successful solo artist with sometimes sexually provocative lyrics, died at his home in England on Sunday. He was 53. In the mid-1980s, “Wham! was one of the most successful pop duos ever,

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

12:12 - 22.12.2016 -

Turkish prosecutors are investigating why the off-duty policeman who shot dead Russia’s ambassador to Turkey was not captured alive, state media said on Wednesday, as the number of people arrested over the killing rose to 11. Ambassador Andrei Karlov was gunned down from behind while delivering a speech in an Ankara art gallery on Monday.

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

Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million
10:10 - 18.12.2016 -

Goldman Sachs Group Inc (GS.N) has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in federal court in Manhattan on Friday. It came after seven

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.

Exclusive: Top U.S. spy agency has not embraced CIA assessment on Russia hacking – sources
14:14 - 13.12.2016 -

The overseers of the U.S. intelligence community have not embraced a CIA assessment that Russian cyber attacks were aimed at helping Republican President-elect Donald Trump win the 2016 election, three American officials said on Monday. While the Office of the Director of National Intelligence (ODNI) does not dispute the CIA’s analysis of Russian hacking operations,

Exclusive: Banks want to be subject to EU laws for five years in post-Brexit deal
13:13 - 09.12.2016 -

Large banks in Britain want the UK government to allow their industry to remain subject to EU laws for up to five years after Brexit, a move likely to enrage eurosceptics who want to break away from the bloc’s legal system as soon as possible. The banks – international players – are also pressing the

In Trump stronghold, factories are humming but paychecks are thin
13:13 - 09.12.2016 -

When President-elect Donald Trump returns to this factory town on Friday for a victory celebration, he will find a region that is already experiencing the manufacturing renaissance he promised on the campaign trail. With local factories employing more workers than any time since the late 1990s, assembly line jobs are not hard to find. Those

California fire death toll rises to 33 in grim search through warehouse
8:08 - 05.12.2016 -

A fire that devastated an Oakland, California, loft building during a weekend dance party has taken at least 33 lives and the toll will likely rise, authorities said on Sunday, as criminal investigators joined recovery teams at the charred ruin. Firefighters in Oakland, east of San Francisco, found the remains of nearly three dozen victims