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Apple stock hits highest since December on Samsung Note 7 fire crisis

By Noel Randewich SAN FRANCISCO (Reuters) – Apple Inc's stock on Monday jumped 2.3 percent, reaching a high not seen since December, after rival Samsung Electronics Co Ltd suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Fires in the smartphones that were meant to replace devices that had been recalled because of their propensity to explode could be a disaster for Samsung and a potential boon to Apple. Apple's stock was up $2.66 at $116.72 in afternoon trading and was the largest contributor…

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Apple stock hits highest since December on Samsung Note 7 fire crisis

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Verizon may shift holiday marketing away from Note 7: spokeswoman

Verizon Communications Inc, the largest U.S. wireless carrier, may shift marketing away from Samsung Electronics Co Ltd's troubled Galaxy Note 7 mobile phone heading into the critical holiday selling season, a company spokeswoman said on Monday. Samsung, the world's largest smartphone maker, announced a global recall of at least 2.5

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Verizon may shift holiday marketing away from Note 7: spokeswoman

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South Korea orders battery safety measures for Samsung Note 7

South Korea said on Thursday it ordered Samsung Electronics Co Ltd to take additional measures to ensure that batteries used in Galaxy Note 7 handsets are safe, as the firm prepares to resume sales of the smartphone in South Korea. The firm is already issuing replacement devices using what it says are safe batteries in

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South Korea orders battery safety measures for Samsung Note 7

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Hanjin says U.S.-bound ship is being held ‘hostage’

“There is no clear visibility yet on what will happen with this business,” Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Since then, the Hanjin Boston, Hanjin Greece and Hanjin Gdynia have begun to unload. As of Wednesday, of Hanjin's 97 container ships, 36 were waiting outside of overseas ports, according to South Korea&#

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Hanjin says U.S.-bound ship is being held ‘hostage’

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Apple Japan unit ordered to pay $118 million tax for underreporting income: media

An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The Tokyo Regional Taxation Bureau determined that the unit, which…

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Apple Japan unit ordered to pay $118 million tax for underreporting income: media

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

General Electric Co said it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom's first new nuclear power plant in decades. By approving Hinkley Point on Thursday, the UK government

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it announced the recall in cooperation with the U.S. Consumer Product Safety Commission (CPSC). The recall is a costly setback for Samsung, which was counting on Galaxy Note 7 to bolster sales as rivals such as Apple Inc launch new devices. The scale of the recall is unprecedented

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

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Samsung urges Note 7 users to switch off phones and turn them in

By Se Young Lee and Jeffrey Dastin SEOUL (Reuters) – Samsung Electronics Co Ltd on Saturday urged users of its Galaxy Note 7 phones to turn in their handsets as soon as possible as part of a recall aimed at limiting the damage caused by the fire-prone devices. The world's top smartphone maker said last week it would exchange all Note 7 phones in 10 markets including South Korea and the United States…

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Samsung urges Note 7 users to switch off phones and turn them in

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U.S. tells consumers to stop using fire-prone Samsung phones

By Se Young Lee and Jeffrey Dastin SEOUL/NEW YORK (Reuters) – A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. Following reports that the phones' batteries have combusted during charging and normal use, the…

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U.S. tells consumers to stop using fire-prone Samsung phones