Consumer Discretionary Consumer Electronics

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  • *Microsoft to cut up to 1,850 jobs, most in Finland. HELSINKI/ SAN FRANCISCO, May 25- Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd.. In a move that clearly puts the stamp of two-year chief...

  • Extending home wifi

    Nick Weaver, Eero Co-founder & CEO, discusses his company's new system to help home wifi headaches.

  • HELSINKI, May 25- Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple and Samsung. The U.S. company said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business. Microsoft bought Nokia's...

  • NEW YORK— Microsoft said Wednesday it will cut up to 1,850 jobs and take a $950 million hit to its books as it attempts to salvage its rocky entrance into the smartphone market. Under former CEO Steve Ballmer, Microsoft struggled to compete in a mobile sector dominated by rivals Apple, Google and Samsung. Nadella has been pushing Microsoft to make its flagship...

  • Visitors look at Windows-enabled smartphones, including the Nokia Lumia series, at the Microsoft stand at the 2015 CeBIT trade fair on March 16, 2015 in Hanover, Germany.

    Microsoft is making further cuts to what is left of its ailing smartphone business, as sales of the devices continue to fade.

  • BEIJING— Chinese tech giant Huawei said Wednesday it has filed patent infringement lawsuits against South Korean mobile phone rival Samsung in the United States and China, in a case that highlights the rise of Asian competitors as technology creators. Huawei Technologies Ltd. said it wants "reasonable compensation" but gave no financial figure for its claim...

  • BEIJING— Chinese tech giant Huawei says it has filed lawsuits in the United States and China accusing rival mobile phone maker Samsung of violating its patents on key technologies. Huawei Technologies Ltd.' s announcement Wednesday highlighted the rising status of Asian competitors as technology creators in the fast-growing global mobile phone industry.

  • HONG KONG, May 25- Huawei Technologies Co Ltd on Wednesday said it sued Samsung Electronics Co Ltd claiming infringement of smartphone patents, the Chinese firm's first intellectual property challenge against the world's top mobile maker. Huawei has filed lawsuits in the United States and China seeking compensation for what it said was unlicensed use of...

  • SEOUL, May 25- Tech giant Samsung Electronics Co Ltd said on Wednesday it will defend itself against patent lawsuits filed by smartphone rival Huawei Technologies Co Ltd.. Huawei, the world's third-largest smartphone maker, has filed lawsuits against Samsung in the United States and China claiming infringement of smartphone patents. "We will thoroughly...

  • Chewbacca masks sell for $500 on eBay

    The electronic masks sold out following the release of viral Facebook video of a woman trying it out.

  • May 24- Best Buy Co Inc's quarterly revenue fell 1.3 percent, the third straight quarter of decline, as strong demand for wearable devices, appliances and home theaters failed to offset weak sales of mobile phones and computers. However, the largest U.S. consumer electronics retailer said the net income attributable to shareholders rose to $229 million, or 70...

  • What to expect when Best Buy reports

    CNBC's Landon Dowdy takes a look at three things to watch when Best Buy reports quarterly numbers before the opening bell.

  • Apple's big turnaround?

    Abhey Lamba, Mizuho Securities, discusses the upward action in Apple's stock.

  • SAN FRANCISCO, May 23- Oracle Corp filed a multibillion-dollar copyright lawsuit against Google because Oracle failed in its own attempts to enter the smartphone market, a Google attorney said in closing arguments on Monday. In a retrial at U.S. District Court in San Francisco, Oracle Corp has claimed Google's Android smartphone operating system violated its...

  • SAN FRANCISCO, May 23- Oracle Corp filed a multibillion-dollar copyright lawsuit against Google because Oracle failed in its own attempts to enter the smartphone market, a Google attorney said in closing arguments on Monday. In court on Monday, Google attorney Robert Van Nest played a video of a speech by Oracle Chairman Larry Ellison praising "our friends at...

  • * "Painful" shift behind smartphone rebound- exec. SEOUL, May 23- From the way it chooses smartphone components to the models it brings to market, Samsung Electronics has undergone a painful process of breaking from its past to reverse a slide in its handset business. "We've now gotten to a point where we can secure a baseline profit even if the market stagnates, so long...

  • Asian exports

    U.S. consumers are buying cars and not electronics - which make up about one-third of Asia exports, notes HSBC's Frederic Neumann.

  • Cook, who arrived in India on Tuesday and is winding down his trip, spoke of the potential for the manufacturing and retailing of Apple products in India, and the possibilities for app development in the country, the statement said. Apple has just a 2 percent share of the smartphone market in India, one of the world's fastest-growing smartphone markets.

  • Apple unveiling new store design in San Francisco

    The revamped store features trees, an area for live music and a giant 6K screen, powered by 100-percent renewable energy.

  • "In the display area, customers are moving to OLED, particularly in mobile, and that increases our total available market by a factor of three," Chief Executive Gary Dickerson told Reuters. For the third quarter, net sales in the display business, which makes products used to manufacture LCD and OLED screens, are expected be up by 70-90 percent to about $300 million,...