Business


SamsungĀ“s Profits Dive 30 Percent Amid Galaxy Note 7 Fiasco

This generational change in a banner enterprise of South Korea presents a complex panorama, considered economists. Investors will be keen to hear how Lee, whose grandfather founded Samsung in 1938, plans to restore Samsung's image and win back trust after the Note 7, initially launched as Samsung's weapon against the iPhone, was scrapped less than two months after its launch.



Qualcomm Confirms $47B Acquisition of NXP Semiconductors

It clearly is the biggest deal ever for San Diego smartphone chip maker Qualcomm , dwarfing its previous acquisitions of Atheros and CSR, which were in the $3 billion range. Despite its big lead in automotive chips, " NXP was facing several challenges that combining with Qualcomm may help solve", Fortune noted . This story has not been edited by Firstpost staff and is generated by auto-feed.



Twitter slashes staff with revenue under pressure

The company is spinning its wheels at around 300 million monthly active users, which in the world of non-profitable subscription-based technology "growth stocks", as they're known, is a not a good sign, made worse by the fact that many existing users have multiple accounts, or abandon one account to open another.



UK government offers support to Bank of England governor

Theresa May prompted questions about whether there has been a rift between Carney and the Downing Street after she criticised the impact of quantitative easing in her Conservative party conference speech, saying "people with assets had got richer, people without them had suffered".


OPEC Doesn't Count On Higher Oil Prices In Late 2016

OPEC Doesn't Count On Higher Oil Prices In Late 2016

If that is given, there will be no chance for any agreement, especially with the Saudis unlikely to want to give any leeway to a Shia country like Iraq, and its friend, Iran . Prices are down 2.3 per cent this month. The speculative community has now shifted from being very short on the eve of the OPEC meeting to being very long.


Broadband advert rule changes come into effect

Broadband advert rule changes come into effect

From now on, broadband companies need to show all monthly costs and prominently display the contract length and any scheduled mid-contract price hikes, which often come in the form of a 12-month initial discount. "It's a bad habit we have all been guilty of, it doesn't serve customers well and it's time it stopped". The Advertising Standards Agency (ASA) is cracking down on broadband provider's price claims, saying that transparency in broadband price ads must improve if advertisers are to ...