Saturday, May 25, 2013
India's Tata Steel, one of the world's biggest steelmakers, on Thursday swung to a quarterly net loss from a profit a year ago due to falling demand in its key European market.
U.S. regulators are in the early stages of an antitrust probe into whether Google Inc., the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday.
Shares of Indian pharmaceuticals firm Wockhardt plunged nearly 19 percent Friday, a day after it said the U.S. drugs regulator had banned imports from one of its manufacturing units over quality concerns.
The U.S. International Trade Commission sided with Microsoft on Thursday in a patent dispute with Google-owned Motorola Mobility that could have gotten Xbox 360 videogame consoles banned from import.
Friday, May 24, 2013
Amid the impressive sales figure of 5 million units for its flagship smartphone since its launch in March, HTC, Taiwan's No. 1 smartphone vendor, confirmed Thursday that some of its senior executives have terminated their contracts.
Taiwan's HTC Corp. yesterday unveiled its first mid-range smartphone featuring the BlinkFeed news feed home screen that was initially available only on its flagship device — the new HTC One — to expand its presence in the affordable phone market.
Online retail titan Amazon announced Thursday it is expanding sales of its Kindle tablet computers to “over 170 countries and territories around the world,” and its Appstore in nearly 200 countries.
Japan's number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel problem.
Thursday, May 23, 2013
Apple chief executive Tim Cook denied Tuesday using “gimmicks” to dodge corporate taxes as the tech giant came under attack from U.S. lawmakers for using “sham” subsidiaries and “convoluted” strategies to shift profits offshore.
Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.