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  • Qualcomm's shares fell about 1 percent to $63.50 in after-market trading on Wednesday. Hedge fund Jana Partners is pushing for Qualcomm to spin off its chip business from its highly profitable patent-licensing income. The chipmaker agreed with Jana to add two fund nominees to Qualcomm's board.

  • UPDATE 1-Qualcomm says may split itself, cut jobs Wednesday, 22 Jul 2015 | 4:44 PM ET

    Qualcomm's shares fell about 1 percent at $63.50 in after-market trading on Wednesday. The chipmaker, which has about 30,000 employees worldwide, also said it had agreed with Jana Partners to add two of the hedge fund's nominees to Qualcomm's board. Qualcomm, which makes software and chips used in smartphones, tablets and gaming devices, is known for its...

  • TE Connectivity beats 3Q profit forecasts Wednesday, 22 Jul 2015 | 6:15 AM ET

    SCHAFFHAUSEN, Switzerland _ TE Connectivity Ltd. on Wednesday reported fiscal third-quarter net income of $309 million. For the current quarter ending in September, TE Connectivity expects its per-share earnings to range from 90 cents to 96 cents. TE Connectivity expects full-year earnings in the range of $3.60 to $3.66 per share, with revenue ranging from...

  • *H1 handset revenue up 69 pct globally, 124 pct in China. HONG KONG/ BEIJING, July 22- Huawei Technologies Co Ltd more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.. "There's that buzz going around Huawei in China right...

  • Shenzhen- based Huawei, which competes with Chinese smartphone makers Lenovo Group Ltd and ZTE Corp, recorded a 69 percent increase in its consumer business group revenue to $9.09 billion thanks to strong sales from high-end smartphone models, the company said in a statement.

  • July 21- Printer maker Lexmark International Inc said it would cut jobs to offset costs resulting from recent acquisitions as part of efforts to focus on software and services. Lexmark and larger rivals such as Hewlett-Packard Co and Xerox Corp are pushing into high-value software and services business as companies reduce printing to cut costs and...

  • ATHENS, July 21- Greece risks seeing a wave of companies forced out of business within weeks because of restrictions on foreign transfers that have persisted even after banks reopened this week, the head of the Athens Chamber of Commerce warned on Tuesday. "We must tell you that the vast majority of Greek companies are a step away from being forced to shut down...

  • BlackBerry cuts jobs as part of turnaround plan Tuesday, 21 Jul 2015 | 12:34 PM ET

    TORONTO— BlackBerry Ltd. announced another round of job cuts Tuesday as it deals with weak smartphone sales and pushes ahead with a restructuring plan. The Waterloo, Ontario- based company declined to disclose how many employees were affected in the latest changes, but said that some workers were shifted to different roles while others were laid off.

  • July 21- Printer maker Lexmark International Inc forecast third-quarter profit well below Wall Street's estimates and said it would cut about 500 jobs as it absorbs recently acquired businesses. Lexmark said the restructuring is expected to generate $2 million savings in 2015 and annualized savings of $65 million beginning in 2017..

  • HONG KONG/ BEIJING, July 22- Huawei Technologies Co Ltd doubled its China smartphone revenue in the first half of this year, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.. In contrast to Huawei, overall smartphone shipments in China shrank for the first time in six years in the first...

  • UPDATE 1-Printer maker Lexmark to cut 500 jobs Tuesday, 21 Jul 2015 | 7:29 AM ET

    July 21- Printer maker Lexmark International Inc said it would cut 500 jobs, or about 4 percent of its global workforce, as the company integrates its recently acquired businesses and tries to soften the impact of a strong dollar. Lexmark swung to a quarterly loss in the second quarter ended June 30, hurt by an 11 percent decline in revenue in its imaging solutions...

  • CEO of Japan's Toshiba resigns over doctored books Tuesday, 21 Jul 2015 | 3:40 AM ET

    TOKYO— Toshiba's CEO and eight other executives resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 152 billion yen over several years. Toshiba Corp. acknowledged a systematic cover-up, which began in 2008. Various parts of the Japanese company's sprawling business including...

  • TAIPEI, July 21- Taiwan stocks edged up on Tuesday as investors remained cautious, with some tech exporters trading flat after the island's export orders fell for a third straight month in June. Taiwan Semiconductor Manufacturing Co, the world's No.1 contract chip maker, added 0.7 percent. The Taiwan dollar firmed T $0.142 to T $31.200 per U.S. dollar.

  • Qualcomm, which reported a 46 percent drop in second-quarter profit in April, is facing increasing competition from Taiwan's MediaTek Inc and a handful of small Chinese companies that specialize in making chips for low-priced phones. Qualcomm could shift more research and development activities to low-cost countries such as India for further cost...

  • Sanmina rises on 3Q results and 4Q outlook Monday, 20 Jul 2015 | 4:36 PM ET

    SAN JOSE, Calif.— Shares of Sanmina climbed in aftermarket trading Monday as Wall Street cheered the electronics manufacturing services company's third-quarter results and its outlook for the current quarter. Sanmina Corp. stock rose $2.22, or 11.7 percent, to $21.25 in aftermarket trading. Sanmina said its revenue fell 4 percent to $1.54 billion over the...

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed's dominance in weapons making. The Pentagon's largest supplier called Sikorsky a "national icon" and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.

  • SAN FRANCISCO— Smartphone sales may be slowing for some tech companies, but not for Apple. Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday. Wall Street analysts estimate Apple will report a hefty $10.3 billion in profit after selling $49 billion worth of iPhones, iPads, Mac...

  • Taiwan stocks rise; tech heavyweights gain Sunday, 19 Jul 2015 | 9:38 PM ET

    TAIPEI, July 20- Taiwan stocks rose 0.3 percent on Monday, led higher by heavyweights such as TSMC as market sentiment was bolstered by gains in other regional bourses. Taiwan Semiconductor Manufacturing Co, the world's top contract chip maker, jumped 0.7 percent. The Taiwan dollar firmed T $0.195 to T $31.117 per U.S. dollar.

  • BEIJING, July 17- Fast-growing Chinese smartphone maker Xiaomi Inc is strengthening its patents in preparation for its entry into the U.S. market, head of international operations Hugo Barra told Bloomberg Television on Thursday, without offering a time table. Former Google Inc executive Barra told Bloomberg TV in San Francisco that Xiaomi phones would not...

  • July 16- Intel Corp's move to delay the launch of its next generation chip technology to 2017 may see the company lose ground to rivals Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd. Intel's shares opened 2.7 percent higher on Thursday it lowered its 2015 capex forecast for a second time, and at least five analysts raised their share...