electronics

Sony cuts annual profit view on movie business writedown

Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December operating profit fell to 92.4 billion yen

See more here: 
Sony cuts annual profit view on movie business writedown

electronics

Oil prices steady after sharp rise in U.S. stockpiles

Oil prices steadied on Thursday after a sharp rise in U.S. crude and gasoline stockpiles, although evidence that OPEC and other big exporters were cutting production helped support sentiment. Brent crude was up 5 cents at $56.85 a

Read the rest here:
Oil prices steady after sharp rise in U.S. stockpiles

electronics

Samsung Electronics may build U.S. plant for home appliances: source

Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump. The new U.S. administration

Continued here: 
Samsung Electronics may build U.S. plant for home appliances: source

electronics

Businesses can unlock $12 trillion via key development goals: Davos study

Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including global business and finance leaders.

Here is the original post: 
Businesses can unlock $12 trillion via key development goals: Davos study

electronics

Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017

Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz's Mohamed A. El-Erian said on Monday. The outlook for the global economy in 2017 will be similar to that for 2016, but with an upside risk, with the world expanding below 3 percent and the U.S. economy outperforming that…

Excerpt from:
Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017

electronics

South Korea prosecutor seeks arrest of Samsung chief for bribery

By Ju-min Park and Se Young Lee SEOUL (Reuters) – South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month …

Read the rest here: 
South Korea prosecutor seeks arrest of Samsung chief for bribery

electronics

U.S. business spending tepid; labor market firming

By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an…

Originally posted here:
U.S. business spending tepid; labor market firming

electronics

U.S. bans Samsung Galaxy Note 7 smartphones from air travel

Samsung Galaxy Note 7 smartphone devices will be banned from aircraft in the United States starting on Saturday at noon EDT (1600 GMT) under an emergency order, regulators said on Friday after numerous reports of the

Original post: 
U.S. bans Samsung Galaxy Note 7 smartphones from air travel

electronics

Verizon says Yahoo hack ‘material,’ could affect deal

By David Shepardson WASHINGTON (Reuters) – Verizon Communications Inc said on Thursday it has a “reasonable basis” to believe Yahoo Inc's massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company. Verizon's general counsel Craig Silliman told reporters at a roundtable in Washington…

See the original post here:
Verizon says Yahoo hack ‘material,’ could affect deal

electronics

Samsung expects another $3 billion hit to profit from Note 7 failure

Samsung Electronics Co Ltd on Friday said it expects to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone. The outlook brings to more than $5 billion the total losses the global smartphone leader has forecast as a result of the overheating issues, after it said on Wednesday it would suffer a $2.3 …

Read the original here: 
Samsung expects another $3 billion hit to profit from Note 7 failure

Next Page »