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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

September 16, 2016 by · Leave a Comment 

General Electric Co said it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom's first new nuclear power plant in decades. By approving Hinkley Point on Thursday, the UK government

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

September 16, 2016 by · Leave a Comment 

Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it announced the recall in cooperation with the U.S. Consumer Product Safety Commission (CPSC). The recall is a costly setback for Samsung, which was counting on Galaxy Note 7 to bolster sales as rivals such as Apple Inc launch new devices. The scale of the recall is unprecedented

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

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Fans cheer, but Asia gives iPhone 7 subdued welcome

September 16, 2016 by · Leave a Comment 

By Adam Jourdan and Tom Westbrook SHANGHAI/SYDNEY (Reuters) – Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on Friday brandishing their purchases, flanked

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Fans cheer, but Asia gives iPhone 7 subdued welcome

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After Apple, EU may focus on companies closer to home

August 31, 2016 by · Leave a Comment 

Multinational companies can expect the European Commission to press on with a crack down on sweetheart tax deals after handing Apple a breathtaking demand for 13 billion euros, officials and experts said on Wednesday. The order to the iPhone maker to pay back taxes to Ireland on the grounds that Dublin illegally favored Apple with a tax regime that amounted to a competition-distorting

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After Apple, EU may focus on companies closer to home

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Early days, but Apple Pay struggles outside U.S.

June 2, 2016 by · Leave a Comment 

More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and

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Early days, but Apple Pay struggles outside U.S.

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Carl Icahn says he sold entire Apple stake on China woes: CNBC

April 29, 2016 by · Leave a Comment 

Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China's influence on the stock. Icahn, in an interview with cable television network…

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Carl Icahn says he sold entire Apple stake on China woes: CNBC

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U.S. succeeds in cracking Apple’s iPhone, drops legal action

March 29, 2016 by · Leave a Comment 

The U.S. Justice Department said on Monday it had succeeded in unlocking an iPhone used by one of the San Bernardino shooters and dropped its legal case against Apple, ending a high-stakes legal battle but leaving the broader struggle over encryption unresolved. The abrupt end to a confrontation that had transfixed the tech industry was a victory for Apple, which vehemently opposed a court order obtained by the Justice Department that would have required it to write new software to get into the iPhone. “From the beginning…

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U.S. succeeds in cracking Apple’s iPhone, drops legal action

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Smaller iPhone expected as Apple faces drop in phone sales

March 21, 2016 by · Leave a Comment 

By Julia Love CUPERTINO, Calif. (Reuters) – Apple Inc is expected to launch a smaller, cheaper iPhone on Monday aimed at emerging markets and possibly China, the world's biggest buyer of smartphones, as it looks to reverse a decline in worldwide sales of its most important product. The launch of such a phone – expected to be called the iPhone SE – would represent Apple's second bid for the crowded mid-tier market after an unsuccessful foray three …

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Smaller iPhone expected as Apple faces drop in phone sales

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Apple asks court to make Samsung pay $180 million more in patent dispute

December 24, 2015 by · Leave a Comment 

By Andrew Chung NEW YORK (Reuters) – Just over a week after Samsung paid Apple more than $548 million for infringing the patents and designs of the iPhone, Apple has asked a U.S. court to force its biggest smartphone rival to cough up even more. In court papers filed on Wednesday, Apple Inc said Samsung Electronics Co Ltd owes nearly $180 million in supplemental damages and interest. Representatives for Samsung and Apple could not immediately be reached

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Apple asks court to make Samsung pay $180 million more in patent dispute