7 years ago035SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.
Snap's (SNAP.N) shares fell as much as 1.7 percent on Thursday as analysts focused on the expiry of lock-up periods starting at the end of July, when insiders and...
7 years ago038SEOUL (Reuters) - South Korea's LG Chem Ltd is slated to exclusively provide batteries for Apple's iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday.
LG Chem has invested hundreds of billions of won in a dedicated line for the purpose and will produce "L-shaped" batteries for next year's iPhone,...
7 years ago082(Reuters) - The RadioShack brand will live on after a family office already owed $23 million by the bankrupt U.S. electronics chain agreed to assume ownership of it, as no other buyers submitted better bids this week, people familiar with the matter said.
An affiliate of Kensington Capital Holdings, a family office based in the suburbs...
7 years ago058SAN FRANCISCO (Reuters) - Google on Wednesday announced an overhaul of its search app on mobile phones to include a personalized feed of links about hobbies, travel, sports and other topics, a move that puts the search company into more direct competition with social networks such as Facebook.
Google, the world's largest search engine...
7 years ago074(Reuters) - Facebook Inc (FB.O) is in early talks with several news publishers about how its social media site can better support subscription business models, the company's head of news partnerships, Campbell Brown, said in a statement on Wednesday.
The statement comes a day after TheStreet reported that Facebook plans to launch a...
7 years ago072(Reuters) - IBM Corp (IBM.N) on Tuesday reported a lower-than-expected quarterly revenue, as growth in its higher-margin businesses that include cloud and artificial intelligence services failed to make up for declines across legacy business segments.
IBM's shares fell 3 percent to $149.15 in after-market trading.
Armonk, New...
7 years ago067MEXICO CITY (Reuters) - Samsung Electronics Co Ltd and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers.
The aim of the partnership is to deliver the 4.5G network in Mexico and other Latin American...
7 years ago068SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement, according to an updated version of the Amazon Web Services customer agreement released on Thursday.
The so-called “non-assert” clause...
7 years ago060TOKYO (Reuters) - Western Digital Corp's top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company's planned sale of its chip business, sources familiar with the matter said on Tuesday.
Toshiba is scrambling to sell its flash memory unit to cover losses from its...
7 years ago065BRUSSELS (Reuters) - U.S. chipmaker Qualcomm (QCOM.O) faces the threat of a daily fine of 580,000 euros ($665,000) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday.
Qualcomm, which was charged by the European Commission for using...
7 years ago065(Reuters) - Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale of its memory business.
The Japanese conglomerate, whose stock closed at 231.6 yen per share on Friday, may...
7 years ago085(Reuters) - Internet television company Roku has hired investment banks to lead an initial public offering that could come later this year as it aims for a valuation of more than $1 billion, sources familiar with the matter said.
An IPO will test investor's reception to Roku, the brainchild of digital video recorder (DVR) inventor...
7 years ago094(Reuters) - Traditionally buttoned-up Wall Street bank Goldman Sachs Group Inc (GS.N) has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment.
The fifth-largest U.S. bank by assets told employees in its technology division to "exercise judgment in determining when to adapt to...