SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth-quarter profit but the guidance fell short of consensus estimate, spooking investors already worried that a memory chip boom could be ending sooner rather than later. Shares of Samsung fell almost 4...
Huawei's global ambitions hit by AT&T phone distribution deal's collapse
HONG KONG (Reuters) - Huawei Technologies Co Ltd’s [HWT.UL] planned deal with U.S. carrier AT&T Inc to sell its smartphones in the United States has collapsed at the eleventh hour, people with knowledge of the matter said, in a blow to the Chinese firm’s global ambitions. A separate ...
China's Huawei hit by last minute collapse of AT&T phone distribution deal
HONG KONG (Reuters) - A deal under which U.S. carrier AT&T Inc was to have sold smartphones made by Huawei Technologies Co Ltd [HWT.UL] has collapsed at the eleventh hour, people with knowledge of the matter said, in a major setback for the Chinese firm’s global ambitions. A separate perso...
Intel says Mobileye's autonomous driving tech to be used in two million vehicles
(Reuters) - Intel Corp (INTC.O) Chief Executive Brian Krzanich said on Monday 2 million vehicles from BMW (BMWG.DE), Nissan Motor Co Ltd (7201.T) and Volkswagen AG (VOWG_p.DE) would use its unit Mobileye’s autonomous vehicle technology to crowdsource data for building maps that enable autonomo...
Samsung Electronics unveils driverless car parts, infotainment platform
(Reuters) - Samsung Electronics Co Ltd (005930.KS) unveiled its first set of components for autonomous driving and infotainment solutions developed with Harman International, which it bought about a year ago in a major push into the auto electronics market. The automotive industry is one of the fast...
Alibaba founder says will "seriously consider" HK listing
SHANGHAI (Reuters) - Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, in response to an invitation from the financial hub’s leader asking the company to consider doing so. Ma made the comments at an event in Hong Kong on Monday, an Ali...
Samsung Electronics profit guidance misses expectations as won weighs
SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) on Tuesday estimated a record fourth-quarter profit but the guidance fell short of market expectations as a strong won and one-off staff bonuses took the shine off surging DRAM chip prices. The global memory chip leader said its October-Decemb...
Alibaba founder says to consider Hong Kong listing: SCMP
HONG KONG (Reuters) - Alibaba Group Holding Ltd will consider a listing in Hong Kong, the South China Morning Post reported the company’s founder Jack Ma as saying - remarks which follow the city’s decision to allow dual class share listings. Ma was responding to an invitation by Hong Ko...
Fund managers say U.S. regulator told them to suspend bitcoin bids
NEW YORK (Reuters) - Two U.S. companies withdrew proposals to launch bitcoin-based exchange-traded funds pending before the Securities and Exchange Commission (SEC) on Monday, citing ongoing concerns by the regulatory agency, filings showed. Staff at the SEC “expressed concerns regarding the l...
Samsung Electronics tips record fourth-quarter profit, misses expectations on strong won
SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) on Tuesday estimated a 64 percent jump in fourth-quarter operating profit to a new record, but the guidance fell short of market expectations as the strong won and year-end bonuses dented profits. The global memory chip leader and Apple Inc (A...
IPhone addiction may be a virtue, not a vice for investors
NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits. Hedge fund JANA Partners LLC and the California State Teachers’ Retirement System (C...
AT&T walks away from deal to sell Huawei smartphones: WSJ
(Reuters) - AT&T Inc, the No. 2 U.S. wireless carrier, has backed off from a deal to sell smartphones made by Chinese Huawei Technologies Co Ltd [HWT.UL], the Wall Street Journal reported on Monday, citing people familiar with the matter. Neither company has ever confirmed that they were in talk...
GoPro says open to sale but not actively pursuing
(Reuters) - GoPro Inc (GPRO.O) would be willing to partner with a larger sector player but is not actively engaged in a sale, the action camera-maker said on Monday, as its shares partly rebounded from earlier heavy losses. The comments followed reports by several media outlets, including Reuters, t...
Trump pushes to expand high-speed internet in rural America
NASHVILLE (Reuters) - U.S. President Donald Trump was expected on Monday to sign an executive order to make it easier for the private sector to locate broadband infrastructure on federal land and buildings, part of a push to expand high-speed internet in rural America. Faster internet speeds in rura...
French prosecutor launches probe into Apple planned obsolescence: judicial source
PARIS (Reuters) - A French prosecutor has launched an investigation of U.S. tech giant Apple (AAPL.O) over alleged deception and planned obsolescence of its products following a complaint by a consumer organization, a judicial source said on Monday. The investigation, opened on Friday, will be led b...
Ex-Google engineer fired over gender memo sues for discrimination
SAN FRANCISCO (Reuters) - The former Google engineer fired after he asserted in a memo that biological causes were behind tech industry gender inequality sued his former employer on Monday, saying he was discriminated against as a white man with conservative political views. James Damore last year c...
Apple releases new update to fix 'Spectre' chip flaw
(Reuters) - Apple Inc (AAPL.O) on Monday released an updated version of its operating system software to fix a major microchip security flaw that affected nearly all computer chips made in the last decade. Last week, Alphabet Inc’s (GOOGL.O) Google and other security researchers disclosed two ...
Ex-Google engineer sues company after firing over stereotypes memo
SAN FRANCISCO (Reuters) - The former Google engineer fired in August after he wrote a memo that the company said perpetuated gender stereotypes sued his former employer on Monday, saying he was the victim of workplace discrimination and retaliation. James Damore and another former Google engineer, D...
GoPro considering selling itself, hires J.P. Morgan: source
(Reuters) - GoPro Inc (GPRO.O) is considering selling itself and has hired J.P. Morgan to help it with the process, a source familiar with the matter told Reuters on Monday. Earlier in the day, the company lowered its fourth-quarter revenue forecast on weak demand for cameras in the holiday season a...
Bitcoin slides as website drops South Korea prices from virtual currency rates
NEW YORK (Reuters) - Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track. CoinMarketCap shows real-time prices and market capitaliz...
Ex-Google engineer fired over diversity memo sues company
SAN FRANCISCO (Reuters) - The former Google engineer fired in August after he wrote a memo that the company said perpetuated gender stereotypes sued his former employer on Monday, saying he was the victim of workplace discrimination and retaliation. James Damore and another former Google engineer, D...
Toyota unveils self-driving concept vehicle for rides, deliveries
LAS VEGAS (Reuters) - Toyota Motor Corp announced on Monday a self-driving electric concept vehicle that it will tailor for companies to use for tasks like ride hailing and package delivery, underscoring how automakers are no longer simply building cars but also providing services to go with them. T...
VTech to settle charges it violated children's privacy: U.S. FTC
WASHINGTON (Reuters) - Electronic toymaker VTech has agreed to settle charges that the company violated a U.S. children’s privacy law by collecting personal information without providing notice or obtaining parental consent, the Federal Trade Commission said on Monday. Hong Kong-based VTech El...
Facebook, Sony/ATV sign music licensing deal
(Reuters) - Sony/ATV said on Monday it signed a licensing agreement with Facebook Inc that will allow the social media platform’s users to upload and share videos from the music publishing company’s catalog on Facebook and Instagram. The multi-year deal will allow artists associated with...
GoPro lowers sales view on weak demand, to exit drone business
(Reuters) - GoPro Inc on Monday said it expects lower fourth-quarter revenue, hit by weaker demand for cameras in the holiday season and plans to exit the drone business, sending its shares to a record low. The company, once a Wall-Street favorite, has seen a decline in demand for its cameras and Ka...
GoPro lowers sales view, to cut over 250 jobs after weak demand
(Reuters) - GoPro Inc said on Monday it expects fourth-quarter revenue to fall below its earlier forecast and lowered the price of its Hero6 cameras due to weak demand, and the action camera-maker also said it would cut more than 250 jobs. GoPro, whose cameras and drones are mostly used by sports ju...
Cryptocurrency may be getting quietly channeled to North Korea university: report
SEOUL (Reuters) - A cybersecurity company said it has found software that appears to install code for mining cryptocurrency and sends any mined coins to a server at a North Korean university, the latest sign that North Korea may be searching for new ways to infuse its economy with cash. T...
GoPro lowers fourth quarter revenue forecast, cuts more than 250 jobs
(Reuters) - GoPro Inc said on Monday it expects fourth-quarter revenue to fall below its earlier forecast and the action camera-maker also said it would lower its workforce to fewer than 1,000 from the current 1,254 employees. The company has also cut the price of its highly anticipated Hero6 camera...
Bitcoin drops below $15,000 as South Korea reviews accounts
NEW YORK (Reuters) - Bitcoin fell below $15,000 (11,073.38 pounds) on Monday after South Korea’s financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions. Bitcoin, the world’s biggest virtual currency by market val...
Bitcoin is an asset, not a currency: Israel's central bank
JERUSALEM (Reuters) - Israel’s central bank said on Monday it would not recognise virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country’s banks and their clients. Deputy Governor Nadine B...