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  • SEOUL, April 7- Samsung Electronics Co Ltd expects January-March profit to be its highest in three quarters, beating expectations and suggesting that the tech giant is on track for an earnings recovery ahead of the launch of new flagship smartphones. Operating profit likely reached 5.9 trillion won in the first quarter, the South Korean manufacturer said on...

  • SEOUL, April 7- Samsung Electronics Co Ltd expects January-March profit to be its highest in three quarters, beating market expectations and suggesting gathering earnings momentum amid firm chip sales and signs of recovery for the mobile business. Operating profit likely reached 5.9 trillion won in the first quarter, the South Korean manufacturer said on...

  • *Volvo, Asos, SABMiller among firms pursuing natural hedges. Last month it announced plans to build a $500 million plant in the United States, looking past the dollar's current strength to build in a longer-term protection. "We're eliminating short-term currency fluctuations, which are never good for long-term commitment to customers in different regions, and...

  • April 3- Plaintiffs in an antitrust lawsuit against Google Inc on Friday withdrew their case accusing the search engine company of harming smartphone buyers by forcing handset makers using Android operating system to make Google's own applications the default option. The lawsuit argued that Google requires Android handset manufacturers such as Samsung...

  • *Operating profit tipped at $4.8 bln- analysts. SEOUL, April 3- Tech giant Samsung Electronics Co Ltd likely saw January-March earnings slip for the sixth straight quarter, but investors are betting on a rebound this year on healthy chip sales and high hopes for its new flagship smartphones. Shares in South Korea- based Samsung hit a more-than 21 month high in...

  • BEIJING, April 2- Alibaba Group Holding Ltd's finance arm and smartphone maker Xiaomi Inc said on Thursday they will jointly develop mobile payment systems using wearable technology, a first for China's major tech firms. Xiaomi and Ant Financial, an Alibaba affiliate which includes China's most popular online payment service Alipay, will enable the Alipay...

  • UPDATE 3-Chipmaker Micron forecast weakens, shares drop Wednesday, 1 Apr 2015 | 6:26 PM ET

    *Sees Q3 revenue of $3.8 bln- $4.05 bln vs est $4.29 bln. April 1- Chipmaker Micron Technology Inc forecast lower revenue for the current quarter, saying it was willing to hold inventories longer in the face of waning customer demand for electronics featuring its technology. The stock slid after Micron CEO Mark Durcan told analysts on a conference call that he...

  • UPDATE 2-Chipmaker Micron outlook weakens, shares drop Wednesday, 1 Apr 2015 | 5:25 PM ET

    April 1- Chipmaker Micron Technology Inc forecast lower revenue for the current quarter, saying it was willing to hold inventories longer in the face of waning customer demand for electronics featuring its technology. The stock slid after Micron CEO Mark Durcan told analysts on a conference call that he expected fiscal third-quarter revenue of $3.8 billion...

  • SAN FRANCISCO, March 26- For the past month, the name most associated with venture capital firm Kleiner Perkins Caufield& Byers is former partner Ellen Pao, who took the firm to trial for gender discrimination and retaliation. "You can imagine that over the next 18-24 months we'll be adding people to the firm," said Mike Abbott, 42, one of the newest Kleiner partners,...

  • *FTSE 100 down 1.4 pct. Britain's FTSE 100 closed 1.4 percent lower at 6,895.33 points, bringing the drop since a record high hit on Tuesday to 2.4 percent. Analysts at Citigroup on Thursday cut their forecasts for the smartphone sector and target prices on stocks highly exposed to China, the world's largest phone market, including Britain's ARM, which designs...

  • MUMBAI/ NEW DELHI, March 26- India's top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world's second-biggest mobile market. Altogether India raised $17.6 billion in the auction after 19 days of fierce bidding,...

  • MUMBAI, March 26- A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics IPO-MINF.NS> for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South...

  • MUMBAI, March 26- A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung...

  • MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...

  • *Vestel says facing surge in mobile phone imports to Turkey. GENEVA, March 23- The European Union and Taiwan have said a bid by Turkish appliance manufacturer Vestel to get Ankara to impose emergency import tariffs on mobile phones would probably be illegal if it is approved, according to documents published on Monday. Turkey notified the World Trade...

  • TAIPEI/ TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co is considering joining efforts to help rescue Japanese electronics maker Sharp Corp, the company said in a statement late on Friday. The world's largest contract electronics manufacturer, Hon Hai bought a 38 percent stake in a Sharp Corp TV panel plant in Sakai, Japan in 2012. It has been investing in...

  • *Chairwoman Cher Wang to double as CEO. TAIPEI, March 20- HTC Corp on Friday named Cher Wang as chief executive, giving its founder and chairwoman a bigger role in leading a potential turnaround of the Taiwanese smartphone maker. She replaces Peter Chou, who will lead product development as head of the HTC Future Development Lab, an executive role focusing on...

  • TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co plans to offer financial support to Japan's struggling electronics maker Sharp Corp, the Toyo Keizai business magazine said on Friday. Sharp, which has warned of its third annual loss in four years, has been negotiating terms of a rescue plan with the Bank of Tokyo-Mitsubishi UFJ, part of Mitsubishi UFJ...

  • *Restructuring costs to total over 200 bln yen- source. TOKYO, March 19- Japan's loss-making Sharp Corp intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000, half of which would come in Japan through early retirement while...

  • March 18- Sharp Corp is cutting more than 10 percent of its Japanese workforce starting in April, according to a Nikkei report. The embattled electronics manufacturer will slash about 3,000 jobs through voluntary retirements and expects to book about 30 billion yen in retirement-related expenses for 2015, the business daily said. The company could also cut...