Consumer Discretionary Consumer Electronics

  • *Qualcomm offers $110 per NXP share, premium of 11.5 pct. Oct 27- Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. "The pace of innovation in automobile and IoT will increase dramatically...

  • Stocks to Watch: October 27, 2016

    Twitter, Ford and Apple are making waves on Wall Street this Thursday morning.

  • Oct 27- Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever semiconductor industry deal, expanding the reach of its chips from phones to cars. San Diego- based Qualcomm, which gets most of its profit from wireless patents it licenses to the mobile industry, has been facing slowing smartphone sales and stiff competition from...

  • PARIS, Oct 27- STMicroelectronics, which makes chips for Apple's iPhone 7, expects to improve its profitability in 2016 due to demand for smartphones and the increasing use of sensors in everything from cars to light fittings. The Franco-Italian chipmaker's shares jumped 7.75 percent to 7.79 euros in Paris at 0857 GMT on Thursday, topping Europe's Stoxx 600...

  • SEOUL, South Korea— Samsung Electronics is still trying to figure out why its Galaxy Note 7 smartphones were catching fire, the company said Thursday, as shareholders appointed the grandson of the company's founder to its board. The shift of 48- year-old vice chairman Lee Jae-yong, chairman Lee Kun- hee's only son, to a bigger role comes at a crucial time for Samsung,...

  • Samsung specs might have caused battery problem: Analyst

    Exact details about what went wrong with Samsung's Galaxy Note S7 remain unclear, says Mark Newman, managing director at Bernstein.

  • Samsung results were 'as expected': Expert

    Samsung's lower profits were expected due to its Note S7 troubles but its display and DRAM units improved, says Kiwoom Securities' Daniel Dongwon Yoo.

  • Shareholders of Samsung Electronics Co. voted Thursday to appoint 48- year-old Lee Jae-yong, chairman Lee Kun- hee's only son, to its board of directors. The appointment of the Harvard- educated vice chairman as a board member comes at a crucial time for Samsung, South Korea's biggest company. Samsung Electronics, the world's largest maker of smartphones, memory...

  • It has built a massive network of 320,000 retail outlets across China and other parts of Asia, its sales representatives earn commissions on every phone they sell, and it has filled the airwaves and covered thousands of billboards with advertising based on the endorsement of some of the hottest Asian pop stars. In the third quarter, it jumped into first place in...

  • SEOUL, Oct 27- Samsung Electronics Co Ltd on Thursday said its operating profit fell 30 percent year-on-year in the quarter marred by the withdrawal of its Galaxy Note 7 smartphones, sinking to its lowest level in two years. The world's top smartphone maker said third-quarter operating profit was 5.2 trillion won, matching its revised guidance.

  • Apple ditching escape button on new Macbook Pro

    The Verge reports the tech giant could be planning to launch a new laptop without an escape key.

  • Stocks to Watch: October 26, 2016

    Coca-Cola, Boeing and Apple are grabbing Wall Street headlines this Wednesday morning.

  • *President says Pokemon GO made up most of affiliate income. OSAKA, Japan, Oct 26- Japanese videogames maker Nintendo Co cut its annual profit outlook by a third on Wednesday as a strong yen erodes income earned overseas and overwhelms an earnings bounce from its surprise hit smartphone game Pokemon GO. Nintendo profits from Pokemon GO through investments in...

  • Apple's cash pile swells to $238B

    The tech giant says its cash hoard grew by $6.1-billion in the fiscal fourth quarter.

  • Xiaomi's Mi Note 2 holds on to the headphone jack

    Xiaomi's Hugo Barra talks about the importance of design at the Chinese tech firm and weighs in on Apple's controversial move to nix the headphone jack.

  • Xiaomi has big plans for India

    Online unit sales of Xiaomi smartphones in India hit 1 million in 18 days and are set to increase, says Hugo Barra, global VP at Xiaomi.

  • Xiaomi VP on battery technology and QC

    Hugo Barra, global VP at Xiaomi, talks about the battery quality control and technology at the company, as well as its ability to take on U.S. competitors.

  • Marcelo Claure, CEO, Sprint

    Sprint's CEO called the acquisition "a bold move" while also reiterating the need for regulation.

  • Apple earnings hing on iPhone 7 sale success?

    Gene Munster, Piper Jaffray Managing Director & Senior Research Analyst, gives his views on Apple's upcoming earnings.

  • *Upgrade programme for users who switch to a Galaxy S7 phone. SEOUL, Oct 24- Samsung Electronics is offering an upgrade programme option to Galaxy Note 7 customers in South Korea who trade in their recalled device for a Galaxy S7 phone, marking its latest attempt to retain customers. In addition to offering refunds or exchanges for a Galaxy S7 smartphone, Samsung...