HTC's removal from blue chip index marks decline from smartphone innovator to also ran + MORE

[Buzz_Burner_Fresh_Updates] Zurich ditches RSA takeover after losses in general insurance – reuters.com ZURICH (Reuters) – Zurich Insurance Group AG abandoned its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA Insurance Group PLC on Monday after forecasting a $200 million loss in its general insurance business due to explosions at the Chinese port […]

Samsung Electronics unveils high-end phones in search of sales boost

[Buzz_Burner_Fresh_Updates] Samsung Electronics unveils high-end phones in search of sales boost – reuters.com NEW YORK/SEOUL (Reuters) – Samsung Electronics Co Ltd unveiled a new Galaxy Note phablet and a larger version of its curved-screen S6 edge smartphone on Thursday, marking a fresh bid by the South Korean company to revive momentum in its handset business. […]

Sharp gains $1.9 billion bailout but restructuring steps disappoint

[Buzz_Burner_Fresh_Updates] Sharp gains $1.9 billion bailout but restructuring steps disappoint – reuters.com TOKYO (Reuters) – Japan’s Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Continue Reading On […]

Japan's Sharp, banks near $1.7 billion bailout deal: source

[Buzz_Burner_Fresh_Updates] Japan's Sharp, banks near $1.7 billion bailout deal: source – reuters.com TOKYO (Reuters) – Japan’s Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the […]

Samsung Electronics fourth-quarter profit meets guidance; outlook cautious

[Buzz_Burner_Fresh_Updates] Samsung Electronics fourth-quarter profit meets guidance; outlook cautious – reuters.com SEOUL (Reuters) – Samsung Electronics Co Ltd on Thursday reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weakness in the South Korean giant’s smartphone business. Continue Reading On reuters.com »  

Sony to cut 1,000 jobs in smartphone business: Nikkei

[Buzz_Burner_Fresh_Updates] Sony to cut 1,000 jobs in smartphone business: Nikkei – reuters.com (Reuters) – Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported. Continue Reading On reuters.com »  

Indian lenders suggest trimming govt stake in state banks below 51 pct + MORE

[Buzz_Burner_Fresh_Updates] Indian lenders suggest trimming govt stake in state banks below 51 pct – reuters.com PUNE, India, Jan 3 (Reuters) – Indian lenders have suggested reducing government’s holding in state-run banks to below 51 percent, the finance ministry said on Saturday after a two-day banking retreat. Continue Reading On reuters.com » India's Micromax plans up […]

For Qualcomm, China settlement may be just the beginning

[Buzz_Burner_Fresh_Updates] For Qualcomm, China settlement may be just the beginning – reuters.com SAN FRANCISCO/BEIJING (Reuters) – The settlement of China’s anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm’s highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and […]

Microsoft unveils first Lumia smartphone without Nokia name

[Buzz_Burner_Fresh_Updates] Microsoft unveils first Lumia smartphone without Nokia name – reuters.com (Reuters) – Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company’s handset business. Continue Reading On reuters.com »  

As Samsung's smartphone business falters, mysterious scion waits in the wings + MORE

[Buzz_Burner_Fresh_Updates] French government gives green light for GE-Alstom deal – reuters.com PARIS (Reuters) – The French government gave the green light on Wednesday for General Electric’s planned 12.4 billion euro ($15.6 billion) purchase of most of Alstom’s power business. Continue Reading On reuters.com » As Samsung's smartphone business falters, mysterious scion waits in the wings […]