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  • *To unveil writedown on nuclear business Feb. 14. TOKYO, Jan 27- Toshiba Corp faces a day of reckoning on Friday, when it is expected to offer an initial estimate of the multibillion-dollar charge it must take on its U.S. nuclear business, but this will be only a step in a series of tough choices on the Japanese conglomerate's survival. But as the proceeds would be just a...

  • *To unveil writedown on nuclear business Feb. 14. TOKYO, Jan 27- Toshiba Corp faces a day of reckoning on Friday, when it is expected to offer an initial estimate of the multibillion-dollar charge it must take on its U.S. nuclear business, but this will be only a step in a series of tough choices on the Japanese conglomerate's survival. But as the proceeds would be just a...

  • TOKYO, Jan 27- Toshiba Corp faces a day of reckoning on Friday, when it is expected to offer an initial estimate of the multibillion-dollar charge it must take on its U.S. nuclear business, but this will be only a step in a series of tough choices on the Japanese conglomerate's survival. But as the proceeds would be just a fraction of the hole from cost overruns in its...

  • *Earlier this week, Barra said to step down as Xiaomi's VP. Jan 26- Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc, to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said. The company pulled back from several overseas markets, including Singapore and...

  • *Earlier this week, Barra said to step down as Xiaomi's VP. Jan 26- Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc, to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said. The company pulled back from several overseas markets, including Singapore and...

  • The U.S. Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to "anticompetitive" tactics to maintain a monopoly over chips used in smartphones. Apple also filed a lawsuit against Qualcomm in Beijing on Wednesday, alleging that the chip supplier abused its clout and is seeking 1 billion yuan in damages. "Apple's attack on...

  • The U.S. Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to "anticompetitive" tactics to maintain a monopoly over chips used in smartphone. Apple also filed a lawsuit against Qualcomm in Beijing on Wednesday, alleging that the chip supplier abused its clout and is seeking 1 billion yuan in damages. South Korea's antitrust...

  • Qualcomm also forecast current-quarter adjusted profit of $1.15- $1.25 per share and revenue of $5.5 billion- $6.3 billion. South Korea's antitrust regulator, The Korea Fair Trade Commission, fined Qualcomm 1.03 trillion won in December for what it called unfair business practices in patent licensing and modem chip sales. Qualcomm is a major supplier to both...

  • WASHINGTON, Jan 25- Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging that the chip supplier abused its clout in the chip industry and seeking 1 billion yuan in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for "modem" chips that connect...

  • MUMBAI, Jan 24- Bharti Airtel, India's largest telecoms network operator, reported its lowest profit in four years as competition from a new rival hit revenues that were also affected by a cash crunch, after the federal government scrapped high-value banknotes. A brutal price war has ensued in India's mobile phone market since the entry late last year of...

  • *Toshiba will disclose size of writedown on Feb. 14. TOKYO, Jan 24- Toshiba Corp's board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 billion yen by selling a 20 percent stake in it, a person with direct knowledge of the matter said. Toshiba estimates the value of its chip business- the world's...

  • SEOUL, Jan 24- Samsung Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter. The South Korean tech giant and Apple Inc rival is embroiled in an influence-peddling scandal surrounding President Park...

  • TOKYO, Jan 24- Japan's Nikkei share average fell on Tuesday morning after the dollar weakened to a seven-week low against the yen overnight, while concerns about the impact of U.S. While Trump promised "massive" cuts in taxes and regulations on Monday, he also formally withdrew from the Trans-Pacific Partnership trade deal and talked of big border taxes.

  • SEOUL, Jan 24- Samsung Electronics Co Ltd on Tuesday said fourth-quarter operating profit jumped 50 percent to its highest in over three years, as record earnings in its chips business masked the negative impact of its failed Note 7 phones. The world's biggest maker of smartphones and memory chips said October-December operating profit was 9.22 trillion won,...

  • SEOUL, Jan 24- Samsung Electronics Co Ltd on Tuesday said fourth-quarter operating profit jumped 50 percent, matching its earlier guidance, as record earnings in its chips business masked the negative impact of its failed Note 7 phones. The world's biggest maker of smartphones and memory chips said October-December operating profit was 9.22 trillion won,...

  • SEOUL, Jan 23- Samsung Electronics Co Ltd indicated on Monday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices. Samsung mobile chief Koh Dong- jin said procedures had been put in place to avoid a repeat of the fires as the South...

  • SEOUL, Jan 23- Samsung Electronics Co Ltd indicated on Monday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices. Samsung mobile chief Koh Dong- jin said procedures had been put in place to avoid a repeat of the fires, as investors look...

  • SEOUL, Jan 23- Tech giant Samsung Electronics Co Ltd said on Monday it will not unveil its Galaxy S8 smartphone at the Mobile World Congress trade show this year, suggesting the flagship model's launch may be later in the year than its 2016 version. Samsung mobile chief Koh Dong- jin said the phone would not get a launch event at the MWC event in Barcelona, which begins...

  • SEOUL, Jan 23- Samsung Electronics Co Ltd on Monday said faulty batteries caused its flagship Galaxy Note 7 phones to catch fire and announced steps to avoid repeat incidents, as it tries to restore trust and regain momentum in the smartphone business. The announcement came more than three months after Samsung scrapped the short-lived competitor of Apple...

  • SEOUL, Jan 23- Samsung Electronics Co Ltd plans on Monday to reveal reasons behind the spontaneous combustion of its recalled Galaxy Note 7, as the world's biggest smartphone maker works to regain consumer trust before launching its next premium model. The announcement would come more than three months after Samsung scrapped the short-lived competitor of...