Infineon CEO sees semiconductor recovery only in 2020

German chipmaker Infineon expects the semiconductor industry to recover only in 2020, with no sign of recovery yet in the strategically important Chinese auto market, Chief Executive Reinhard Ploss said on Thursday.

Amazon in early talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd's retail unit to buy an up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday.

Thomson Reuters raises outlook as revenue growth picks up

Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth for the second quarter, which it said was its best since 2008 and ahead of its expectations.

Infineon confirms reduced guidance, says Cypress deal on track

German chipmaker Infineon expects to meet its lowered guidance for the year to Sept. 30, it said on Thursday after posting third-quarter sales and profit in line with market expectations.

Sharp posts lower-than-expected profit as trade gloom hits electronics demand

Sharp Corp reported a lower-than-expected quarterly operating profit, as an escalating trade war between the United States and China dampened demand for its electronics devices and television sets.

South Korean chip giants face 'strangling' from Japanese export curbs

South Korean chipmakers are hitting a dead end in their quest to find alternatives for key Japanese materials that have been slapped with export restrictions, raising the prospect of major disruption to their operations in the coming months.

Infineon confirms thrice-reduced guidance, Cypress deal on track

German chipmaker Infineon said on Thursday it expected to meet its thrice-lowered guidance for the business year to Sept. 30 as it reported fiscal third-quarter sales and profit that were in line with market expectations.

Zalando lifts profit forecast as site visits soar

Zalando, Europe's biggest online-only fashion retailer, raised its full-year profit outlook on Thursday after it reported a big jump in the number of visits to its site and orders in the second quarter.

Chinese drugmaker Chipscreen's STAR Market IPO sees feverish demand

Shenzhen Chipscreen Biosciences, which plans to list on China's red-hot new tech board, said its newly issued shares were almost 3,000-times oversubscribed among retail investors, despite an eye-popping offer pricing of 468-times earnings.

Chinese startup Xiaohongshu's app pulled from China Android stores

Chinese startup Xiaohongshu, which allows users to post product reviews and share shopping experiences, said on Thursday it will conduct a self-examination and correct its content after its app was removed from Android stores in China this week.

Revolut launches free share trading in Europe

Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the brokerage-controlled market to continue the company's rapid expansion.

Amazon in talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported (https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-ret...

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Amazon in talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-reta...

Continue reading

Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank

Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.

Cisco whistleblower gets first False Claims payout over cybersecurity

Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to U.S. federal and state governments, marking the first payout on a False Claims Act case brought over failure to meet cybersecurity standards.

Big broadcasters sue non-profit that streams TV channels for free

The four major U.S. television networks on Wednesday sued a non-profit group backed by AT&T Inc that streams TV channels over the internet for free without permission.

Critics question 'Five Eyes' push to expand spies' telecoms access

Former government officials and privacy campaigners are questioning demands by "Five Eyes" security ministers that high-tech communications systems should remain accessible to spies and official investigators.

Facebook defeats appeal in U.S. claiming it aided Hamas attacks in Israel

Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals.

Explainer: What do you do after a data breach?

A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the latest high-profile breach of sensitive consumer data.

Synamedia sees pay TV driving growth for 3-4 years before IPO

(This July 30 has been refiled to correct spelling of DirecTV in first paragraph)