RICHFIELD, Minn.— Best Buy's shares fell Tuesday after the nation's largest consumer electronics retailer reported a revenue shortfall in the second-quarter revenue, as people increasingly shop online. Best Buy said its second-quarter net income fell 45 percent from a year earlier, when it benefited from a $229 million legal settlement.» Read More
Sony is counting on the boom in smartphones and the market's voracious appetite for megapixels to drive growth in its image sensor business.
*Strategy informed by early career at Daimler, Permira. *Booming e-commerce shaking up retail. FRANKFURT, March 25- Technology entrepreneur, merger manager and turnaround expert, Olaf Koch believes he has enough experience of big challenges to steer Europe's fourth-biggest retailer Metro through its next one: e-commerce.
TOKYO, March 25- Sony Corp is counting on the boom in smartphones and the market's voracious appetite for megapixels- vital to better quality video calls and "selfies"- to sustain the double-digit revenue growth in its image sensor business. Sony expects its sales of imaging sensor chips to jump 16 percent to 360 billion yen in the year ending this month.
NEW YORK, March 20- U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen's comments that had fueled speculation of an earlier-than-expected rate hike by the central bank.
Wall Street opened lower, but reversed course after the Philadelphia Federal Reserve Bank said its business activity index rose far more than expected in March, rebounding after a contraction in February.
Wall Street opened lower but reversed course after the Philadelphia Federal Reserve Bank said its business activity index rose far more than expected in March, rebounding after a contraction in February.
*Ukraine in view as Russia seizes naval bases. *Lennar Corp, Jabil Circuit both rise after results. NEW YORK, March 20- U.S. stock index futures pointed to a modestly lower open on Thursday as investors continued to digest comments from Federal Reserve Chair Janet Yellen, who raised the specter of an earlier-than-expected rate hike.
*Ukraine in view as Russia seizes naval bases. NEW YORK, March 20- U.S. stock index futures were lower on Thursday as investors continued to digest recent comments from Federal Reserve Chair Janet Yellen, who raised the specter of an earlier-than-expected rate hike.
BEIJING, March 20- China Mobile Ltd, the world's largest mobile carrier by subscribers, will spend more this year to bolster its 4 G mobile network to counter its first annual profit drop in 14 years. China Mobile also said it plans to sell 100 million 4 G smartphones and tablets this year following the January launch of Apple Inc's iPhone on its network.
March 19- 3 D printer maker ExOne Co reported a surprise quarterly loss as it sold fewer high-margin printers and the company forecast 2014 revenue below analysts' estimates. ExOne's gross margin fell to 30.9 percent in the fourth quarter ended Dec. 31 from 49 percent a year earlier.
TEL AVIV, March 19- Cyber security and aviation products will help drive growth for Elbit Systems in 2014, the Israeli defence electronics firm said on Wednesday after it reported lower quarterly profit and sales that missed analysts' estimates.
FRANKFURT/ WASHINGTON, March 19- The unexplained fate of Malaysia Airlines flight MH370 has thrown the spotlight on some satellite technologies that will make it easier in future for authorities to track and communicate with aircraft over water and uninhabited areas. The plane vanished from radar screens on March 8 with 239 people aboard.
SYDNEY, March 18- London copper rose to a one-week high on Tuesday as risk assets gained favour on a slight easing of tensions over Crimea, forcing covering of short positions.
TOKYO, March 18- When Japan Display Inc lists on the Tokyo Stock Exchange on Wednesday, it will bring vindication- and $1.6 billion in cash- for a government-backed restructuring effort after other high-stakes attempts to help chipmakers flopped.
TOKYO, March 12- Big Japanese companies such as Toyota Motor Corp offered the most generous pay raises in years on Wednesday, a victory for the government's efforts to defeat deflation, but workers will still struggle to offset a looming sales tax increase.
SEOUL, March 10- Samsung Electronics Co's Galaxy S5 smartphone could get off to a slow start in South Korea as the flagship's launch next month will coincide with a 45- day ban on local carriers selling phones, analysts said.
*Lack of Japan structural reforms frustrates investors. TOKYO, March 10- Japanese shares slipped from a five-week high on Monday morning as disappointing Chinese trade data and uncertainty over the crisis in Ukraine prompted investors to lock in recent gains.
SAN FRANCISCO, March 6- A U.S. judge on Thursday rejected Apple's request for a permanent sales ban in the United States against some older Samsung smartphones, a key setback for the iPhone maker in its global patent battle.
March 6- Shares of Pixelworks Inc, which makes chips for digital display, rose 54 percent a day after the company revealed that Apple Inc is among its largest customers.
SAN FRANCISCO, March 6- A U.S. judge on Thursday rejected Apple Inc's request for a permanent sales ban in the United States against some older Samsung smartphones, a key setback for the iPhone maker in its global patent battle.