India has said Apple must meet a rule obliging foreign retailers to sell at least 30 percent locally-sourced goods. » Read More
VIENNA, Oct 5- Uncertainty over a controversial merger is expected to delay an auction for Austria's fourth-generation telecoms frequencies until next September, potentially leaving the pioneer in mobile technology among the last European countries to have faster networks.
*Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer.
The "Squawk on the Street" team discusses the September unemployment report; the anniversary of Steve Jobs' death; and more.
LONDON, Oct 5-* U.S. stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 slipping by 0.1 percent, while the Dow Jones and Nasdaq 100 futures contracts rose around 0.1 percent.
*LG Display falls after brokerage downgrade. SEOUL, Oct 5- Seoul shares edged up on Friday after bellwether Samsung Electronics. Shares in Samsung Electronics, which makes up over 15 percent of the benchmark KOSPI.
TOKYO, Oct 5- Sony Corp said it has halted sales of its Xperia tablet PCs, a month after its launch, after discovering gaps between the screen and the case that make some of the machines susceptible to water damage.
TOKYO, Oct 5- Sony Corp has halted sales of its Xperia tablet PCs, which the Japanese electronics firm launched to compete with Apple Inc's iPads, after finding some models had low water resistance, Jiji News Agency said on Friday.
HELSINKI, Oct 5- A senior Nokia executive in charge of product marketing has left the company, after a launch event last month for the company's new Lumia smartphones disappointed investors. He spoke to media last month when Nokia unveiled the Lumia 920, a top-of-the-range smartphone using Windows software.
Rob Bratby, Managing Partner, Olswang Asia, says the legal dispute between Samsung and Apple will eventually result in a settlement and a global cross licensing deal.
**LG DISPLAY FALLS MORE THAN 4 PCT** Shares in LG Display fell more than 4 percent after a local brokerage cut its outlook for the South Korean flat-screen maker, citing its weakening earnings momentum in the fourth quarter.
Mad Money host Jim Cramer shares his final thoughts of the day.
Once a thriving and innovative company, after 90-years of success Cramer worries an iconic company may be at risk.
*Facebook confirms billion user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
Facebook, which announced on Thursday it has reached 1 billion users, has increasingly been in the public eye lately and increased its focus on revenue. But one analyst cautioned investors against thinking that this would result in immediate gains for the company.
*Facebook confirms billion-user mark, growth slows. NEW YORK/ SAN FRANCISCO, Oct 4- Facebook Inc.
Stock market ultra-bear Marc Faber said investors should brace for a major market drop ahead that will present a buying opportunity.
*Publisher can choose not to participate in Google's Library Project. Google and the Association of American Publishers said on Thursday that U.S. publishers can choose to make available or choose to remove their books and journals digitized by Google for its Library Project.
Starbucks says a digital tip function will be added to its mobile payment application starting next summer. A similar option will also be available on Square, a new payment app that Starbucks customers will be able to use starting in November.
Google acquired Motorola in May for $12.5 billion to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple Inc and Samsung Electronics Co Ltd. But many investors and analysts have questioned Google's need to be in the hardware business, where profit margins are lower and Google has little experience.
Uncertainty is ruling the day across the globe and that is what’s driving market volatility