Samsung says will soon patch Galaxy S10 fingerprint recognition problem

Samsung Electronics Co Ltd said on Thursday it will soon roll out a software patch to fix problems with fingerprint recognition on its flagship Galaxy S10 smartphone.

Chipmaker TSMC raises capex by up to $5 billion, sees fourth-quarter sales jump on smartphones

Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones.

Tesla gets approval to start manufacturing in China

Tesla Inc was added to a government list of approved automotive manufacturers, China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.

Fortress extends tender offer period for Japan's Unizo until November 1

SoftBank Group's Fortress Group said on Thursday it would extend its tender-offer period for Japanese hotel operator Unizo Holdings, which is also an acquisition target of Blackstone Group but at a higher price, until Nov. 1.

Samsung to patch Galaxy S10 fingerprint problem

Samsung Electronics Co Ltd will roll out a software patch to fix problems with its flagship Galaxy S10 smartphone's fingerprint recognition, the South Korean tech giant said on Thursday.

LG Chem sees electric vehicles accounting for 15% of all car sales in 2024

South Korea's LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018 levels to account for about 15% of global vehicle sales in 2024, it said on Thursday.

Exclusive: WeWork owner creates committee to decide on financing lifeline

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.

TSMC third-quarter profit rises 13.5%, beats market forecasts

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 13.5% rise in third quarter profit on Thursday, its strongest growth since 2017, as robust demand for 5G chips boosted sales despite fears of a global tech slowdown.

'Panama Papers' law firm sues Netflix over film based on scandal

Mossack Fonseca, a Panamanian law firm at the center of the "Panama Papers" scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film's release.

When Card Shops Play Dirty, Consumers Win

Cybercrime forums have been abuzz this week over news that BriansClub — one of the underground’s largest shops for stolen credit and debit cards — has been hacked, and its inventory of 26 million cards shared with security contacts in the banking industry. Now it appears this braze...

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Exclusive: WeWork owner creates committee to decide on financing lifeline - sources

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.

Southeast Asia's mobile payments face shakeout as market booms

Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.

IBM revenue misses on weakness in its biggest unit; shares fall 5%

International Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading.

Ex-Cisco engineers raise $278 million for startup

A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million to fund products that aim to help the data centers of customers like investment banks function more like those of cloud computing providers.

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and others prepare to ramp up the streaming video wars.

IBM quarterly revenue misses, shares fall

International Business Machines Corp missed analysts' estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.

Netflix adds more-than-expected subscribers in third quarter

Netflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of "Stranger Things" and "13 Reasons Why", sending its shares up 5% in trading after the bell.

IBM beats profit estimates on cloud-computing growth

International Business Machines Corp beat analysts' estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.

Facebook's Libra faces 'core' legal, regulatory challenges: Brainard

U.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment.

Facebook's Libra facing 'core' legal, regulatory challenges before launch

U.S. Federal Reserve Governor Lael Brainard said Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment.