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  • Jan 21- Programmable chip maker Xilinx Inc forecast weaker-than-expected current-quarter revenue and reported third-quarter revenue that missed the average analyst estimate, hurt by weak sales to broadcast and communications customers. Xilinx, which dominates the programmable chip market along with Altera Corp, said it expected current-quarter...

  • Elder statesman of Sweden's Wallenberg dynasty dies Monday, 19 Jan 2015 | 7:57 AM ET

    STOCKHOLM, Jan 19- Peter Wallenberg, the elder statesman of Sweden's business dynasty, died on Monday, the family investment foundation said. Peter Wallenberg, who was 88, had been chairman of the family's listed investment vehicle Investor from 1982 to 1997. More recently he had stepped back from day-to-day business activities. Peter Wallenberg has passed...

  • STOCKHOLM— Peter Wallenberg, the former head of a Swedish financial dynasty sometimes compared to the Rockefellers, has died. He also served on the board of wireless equipment maker Ericsson, appliance maker Electrolux, engineering firm Atlas Copco and other Swedish companies. Peter Wallenberg was born in Stockholm in 1926 to Marcus Wallenberg and his...

  • MEXICO CITY, Jan 16- China's third-largest carrier China Telecom is preparing a possible bid for a contract to build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge of the matter said. It has already secured up to several billion dollars of financing from Chinese...

  • *India lawsuit has no effect on operations- Barra. BEIJING, Jan 16- China's Xiaomi Inc plans to invest in Indian tech start-ups and overseas media content, as the world's No.3 smartphone maker looks to dominate homes with its own TVs and appliances. "One area that we are also looking to make some investments in is start-ups in India.

  • *Ericsson files complaint against Apple on licenses. *Apple sued Ericsson earlier in January. STOCKHOLM, Jan 14- Swedish telecom equipment supplier Ericsson said on Wednesday it filed a complaint against Apple Inc over mobile technology licence payments, responding to a lawsuit from the iPhone maker earlier this month.

  • STOCKHOLM, Jan 14- Swedish telecom equipment supplier Ericsson on Wednesday said it has filed a complaint against Apple Inc over mobile technology licenses, hitting back at the iPhone maker which sued Ericsson this month. Ericsson said Apple's license to use technology developed by the Swedish company and used in many smartphones and tablet computers had...

  • Apple sues Ericsson over LTE wireless telecom patents Wednesday, 14 Jan 2015 | 12:08 AM ET

    Jan 14- Apple Inc sued Ericsson alleging that the Swedish company's LTE wireless technology patents are not essential to industry cellular standards and that it is demanding excessive royalties for these patents. If Ericsson's patents are deemed essential and the court rules Apple has infringed on them, Apple said it wants the court to assign a reasonable...

  • Sony weighs options as pressure for action mounts Monday, 12 Jan 2015 | 7:11 PM ET

    Sony's CEO Kazuo Hirai has survived the cyberattack but his toughest moment may be just arriving as he prepares a new business revival plan.

  • LAS VEGAS, Jan 13- Sony Corp CEO Kazuo Hirai has weathered a crisis over a cyberattack on its Hollywood studio and its controversial comedy "The Interview", but his toughest moment may be just arriving as he prepares a new business revival plan. Sony, which has cut its earnings forecasts six times on Hirai's watch, forecasts a 230 billion yen net loss for the business...

  • World of connected gadgets  Tuesday, 6 Jan 2015 | 4:25 PM ET

    Hans Vestberg, Ericsson president & CEO, discusses the massive shift in the technology industry to connected devices, and the future of driverless cars.

  • Patent risk firm RPX to buy ‘Rockstar’ assets Wednesday, 24 Dec 2014 | 8:08 AM ET
    The U.S. Patent and Trademark Office (USPTO) seal is displayed outside the headquarters in Alexandria, Virginia

    Patent risk management company RPX announced a deal to buy out the bulk of the assets owned by patent consortium Rockstar.

  • Early movers: DTV, WMT, UPS, GSK, SNE & more Wednesday, 24 Dec 2014 | 7:46 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NEW YORK, Dec 23- Patent risk management company RPX Corp said on Tuesday it would buy patents owned by Apple Inc and other firms for $900 million, helping to further scale back lawsuits over smartphone technology. The deal puts an end to litigation started last year by Rockstar against several handset manufacturers whose phones operate on Google Inc's Android...

  • NEW YORK, Dec 23- Patent risk management company RPX Corp on Tuesday announced a $900 million deal to buy most of the patents owned by Rockstar Consortium, formed by Apple Inc. and other major technology firms in 2011 following the bankruptcy of Nortel Network Corp.. The consortium last year also sued several handset manufacturers whose phones operate on...

  • *Court banned Xiaomi selling in India on Dec. 10. *Xiaomi was fastest growing vendor in India. MUMBAI/ BEIJING, Dec 14- The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of patent challenges.

  • ADDIS ABABA, Dec 11- Swedish telecom group Ericsson is set to sign a contract with Ethiopia to expand telecom infrastructure, taking a slice of an $800 million contract from Chinese firm ZTE Corp because of a row over terms, a senior official told Reuters on Thursday. ZTE Corp's deal with state-run operator Ethio Telecom was signed in 2013. The other half of the...

  • MUMBAI, Dec 11- An Indian court has ordered Xiaomi Technology Co Ltd to temporarily stop selling its smartphones in India in a case related to patent infringements that telecom equipment maker Ericsson had filed against the Chinese company. Xiaomi, whose low-priced but feature-rich smartphones have made it the biggest smartphone vendor in China, sells its...

  • MUMBAI, Dec 11- An Indian court has ordered Chinese budget smartphone maker Xiaomi Technology Co Ltd to temporarily stop selling its devices in India, the Economic Times newspaper reported on Thursday, citing legal documents. The newspaper said the Delhi High Court had asked Xiaomi and Flipkart to suspend the import and sales of devices until Feb 5, when it is due...

  • Ericsson to cut $1.2 bn in costs by 2017  Wednesday, 3 Dec 2014 | 6:45 PM ET

    Rima Qureshi, Chief Strategy Officer & Head of M&A at Ericsson, says the firm is in the process of streamlining operations to become more efficient.