SEOUL (Reuters) - Samsung Group heir Jay Y. Lee’s release from jail on bribery charges has some in South Korea hoping for new investments and jobs from the massive conglomerate, despite ongoing concerns over the cozy ties between government and business leaders. Dubbed the “Republic of S...
(Reuters) - Walmart Inc’s technology incubator, Store No 8, said it bought virtual reality startup Spatialand to build VR products for the retailer’s stores and websites. Spatialand, which worked with Store No 8 on a VR project last year, is a software platform that helps create virtual ...
WASHINGTON (Reuters) - Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. Christopher Giancarlo, chairman of the Commodity Futures ...
SEOUL (Reuters) - South Korea’s intelligence agency told lawmakers North Korean hackers could have been behind the $530 million theft of virtual coins from a Japanese cryptocurrency exchange last month, people familiar with the matter told Reuters on Tuesday. The people, who had knowledge of p...
SHANGHAI (Reuters) - China is preparing fresh regulations to further restrict initial coin offerings, especially via overseas platforms, the China Daily newspaper reported on Tuesday citing a source close to the matter. The official English-language newspaper said the People’s Bank of China (P...
SAN FRANCISCO (Reuters) - Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending i...
(Reuters) - Apple supplier Skyworks Solutions Inc (SWKS.O) reported a 15 percent rise in quarterly revenue on Monday, helped by strong demand for its wireless chips and technology that powers Internet of Things. However, net income fell to $70.4 million, or 38 cents per share, for the first quarter ...
SAN FRANCISCO (Reuters) - Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending i...
NEW YORK (Reuters) - Digital currency bitcoin BTC=BTSP fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks. On the Luxembourg-based Bitstamp exchange...
(Reuters) - Broadcom Ltd made a $121 billion “best and final offer” on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology acquisition. The takeover battle is at the heart of a race to conso...
WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday. Christopher Giancarlo, chairman of the Commodity Futures Trading Commiss...
(Reuters) - Qualcomm Inc’s (QCOM.O) shares fell 3 percent on Monday after two brokerages said Apple Inc (AAPL.O) might drop the chipmaker in favor of Intel Corp (INTC.O) as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to Apple for y...
WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday. Christopher Giancarlo, chairman of the Commodity Futur...
(Reuters) - Qualcomm Inc’s (QCOM.O) shares fell 3 percent on Monday after two brokerages said Apple Inc (AAPL.O) might drop the chipmaker in favor of Intel Corp (INTC.O) as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to Apple for y...
(Reuters) - Qualcomm Inc (QCOM.O) shares fell 2 percent on Monday after KGI Securities said Apple Inc (AAPL.O) might drop the chipmaker in favor of Intel Corp (INTC.O) as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to Apple for years but...
LONDON (Reuters) - Bitcoin BTC=BTSP, the world's best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a global regulatory clampdown on the trading of the digital coins. On the Luxembourg-based Bitstamp exchange, Bitcoin traded as low as $7,...
(Reuters) - Disappointing iPhone sales and a build up in Apple Inc’s (AAPL.O) inventory would continue to pressure radio frequency (RF) chipmakers such as Skyworks Solutions Inc (SWKS.O) and Qorvo Inc (QRVO.O), brokerage Morgan Stanley said on Monday. While the market for RF chips is expanding...
(Reuters) - Chipmaker Broadcom Ltd on Monday raised its offer to buy Qualcomm Inc by 24 percent to more than $121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations. “Qualcomm and its board now have a tough decision as this is a compelling ...
(Reuters) - Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The arrangement, which also includes insurance broker Aon Plc, will help businesses...
(Reuters) - Chipmaker Broadcom Ltd on Monday raised its offer to buy Qualcomm Inc by 24 percent to more than $121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations. The new offer values the company at $82 per share - a premium of 24 percent over...
LONDON (Reuters) - Bitcoin, the world’s best-known cryptocurrency, fell 7 percent on Monday to a fresh 2-1/2-month low of $7,599 on back of growing worries about a regulatory clampdown and bans on the purchase of the digital coins. The price of Bitcoin on the Luxembourg-based Bitstamp exchange...
SEOUL (Reuters) - Samsung Group heir Jay Y. Lee left a South Korean jail a free man on Monday after a panel of judges suspended his sentence, a surprise decision that sent shockwaves through the country’s political and business establishments. Coming just days before South Koreans gather to ho...
TOKYO (Reuters) - Japan’s Panasonic Corp lifted its outlook for earnings this year after reporting a 23 percent jump in third-quarter operating profit on healthy sales of car components and factory automation equipment. The strong result underscores Panasonic’s shift away from the price ...
SEOUL (Reuters) - A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year’s detention amid a corruption scandal that brought down the former president. Seoul High Court jailed Lee for two and a half years, red...
WASHINGTON (Reuters) - Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matter. Equifax (EFX.N) said in September that hacker...
SYDNEY (Reuters) - When Kiri Pomery ordered a red Santa Claus hat from Amazon.com Inc’s new Australian operation, the estimated delivery time to her address in outback Western Australia seemed too good to be true. It was. Several weeks after the end of Amazon’s Jan. 10 delivery window an...
SEOUL (Reuters) - South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges. “North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private i...
HONG KONG (Reuters) - China’s Leshi Internet said about 5.62 billion yuan ($890 million) of its debts would be due by the end of this year, or almost two-thirds of the company’s total loans and liabilities, sending its shares down for a ninth day. This is the first time the video-streami...
SINGAPORE (Reuters) - Singapore Telecommunications (Singtel) said it would spend up to $413 million on shares in India’s Bharti Telecom, lifting its stake slightly in the holding company for Bharti Airtel to just under half. “While there are currently headwinds in India, we take a long-t...
HONG KONG (Reuters) - Chinese video-streaming firm Leshi Internet Information & Technology said it has 5.62 billion yuan ($890 million) of loans and liabilities due in 2018. Leshi last week flagged that it expected a loss of 11.6 billion yuan for 2017 due to the ongoing financial crisis at its f...
