PROVIDENCE, R.I.-- Rhode Island's Economic Development Corp. has a new leader after the state Senate on Tuesday unanimously approved Gov. Lincoln Chafee's pick to head the agency, still reeling from its failed investment in former Red Sox pitcher Curt Schilling's video game company.» Read More
The innovative line of BlackBerry smartphones that Research In Motion will formally unveil on Wednesday has already succeeded on one crucial count - getting RIM back in the conversation.
*Q4 operating profit 107 bln won vs 151 bln won forecast. SEOUL, Jan 30- LG Electronics Inc fell short of consensus forecasts in quarterly earnings on Wednesday, with profits in its TV division tumbling to around one tenth of year-earlier levels as the world's No.2 TV maker bumped up promotional spending in the year-end holiday season.
South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.
*Weaker orders from Apple seen capping earnings upside. SEOUL, Jan 30- South Korean chipmaker SK Hynix Inc returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple Inc, but it fell far short of forecasts on weak sales of computer chips and a strong won.
*Sees first-quarter revenue $945 mln- $985 mln vs est $933.1 mln. *Fourth-quarter adjusted loss $0.15/ share vs est loss $0.18. Jan 29- Freescale Semiconductor Ltd, which makes chips for cars and machinery, forecast current-quarter revenue above analysts' estimates as demand returns in its wireless and enterprise businesses.
*Fourth-quarter adjusted earnings $34/ shr vs est $32/ shr. Jan 29- Specialty glass maker Corning Inc's quarterly profit beat Wall Street estimates as strong sales of its scratch-resistant Gorilla Glass used in smartphones and tablets more than made up for weakness in its LCD glass business.
BOSTON, Jan 29- Bugs in widely used networking technology expose tens of millions of personal computers, printers and storage drives to attack by hackers over the regular Internet, researchers with a security software maker said.
*Warns of problems in UPnP networking technology. BOSTON, Jan 29- The U.S. Department of Homeland Security urged computer users on Tuesday to disable a common networking technology feature, after researchers warned that hackers could exploit flaws to gain access to tens of millions of vulnerable devices.
SHANGHAI, Jan 28- China is considering lifting a decade-long ban on video game consoles, the official China Daily newspaper reported on Monday, sending shares of major hardware makers such as Sony Corp and Nintendo Co Ltd surging.
*Samsung shares up 12 pct in 3 months; Apple down over 20 pct. But with the personal computer market shrinking for the first time in 11 years, the global smartphone market growing more slowly, and Apple Inc moving to buy fewer of Samsung's microprocessors used in the iPhone and iPad, the South Korean IT giant is now forced to keep a lid on spending.
SEOUL- Samsung Electronics Co turns cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows. (SAMSUNG-EARNINGS/, expect by 0400 GMT/ 11 PM ET, 900 words).
*Samsung shares up 12 pct in 3 months; Apple down over 20 pct. SEOUL, Jan 25- Samsung Electronics Co turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows.
*Lenovo says has talked to RIM about strategic ventures. TORONTO, Jan 24- A senior Lenovo executive said on Thursday that the Chinese computer maker may consider Research in Motion as a takeover target, sending the Blackberry maker's shares up 2 percent just a week before it launches a make-or-break line of redesigned smartphones.
*Samsung shares up 12 pct in 4 months; Apple down a third.
Jan 24- Apple Inc's shares fell by as much as 12 percent on Thursday, staging their biggest percentage drop in over four years and slicing more than $50 billion from the company's market value, as disappointing holiday-period iPhone sales reinforced fears it is losing its dominance in smartphones.
*3 M confirms forecast of 6-10 percent 2013 profit growth. *To cut 300 jobs as 3 M merges security, traffic safety arms. Jan 24- 3 M Co began to unveil on Thursday some of the steps Chief Executive Officer Inge Thulin is making to improve profitability at underperforming units.
HELSINKI, Jan 24- Finnish mobile phone maker Nokia plans to axe its annual dividend payment for the first time in over 20 years to shore up its cash position against falling sales.
LONDON, Jan 24- European shares dipped on Thursday after weaker-than-expected results from U.S. giant Apple fanned earnings worries in the technology sector, offsetting more bullish economic data out of China. or 0.2 percent at 1,165.64.
*Worries about slower demand for Apple products growing. SEOUL, Jan 24- LG Display Co Ltd, a major supplier of iPad and iPhone screens, said its LCD panel shipments would slide this quarter, underscoring worries about weaker growth for Apple Inc products, and taking the shine off forecast-trouncing results.
RIM shares rose two percent in pre-market trading after releasing a new system to allow its biggest customers to use its new line of BlackBerry 10 smartphones on their own networks.