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October, 28, 2016

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Samsung posts 30-percent profit plunge
Samsung Electronics on Thursday reported an expected 30 percent profit plunge on the back of a highly damaging recall crisis that hammered the reputation of the world's largest smartphone maker.
Boeing raises earnings forecast after banner 3Q
Boeing's third-quarter profit rose 34 percent on lower taxes, and the company raised its forecast for 2016 earnings, revenue and airplane deliveries.
Belgium's political leaders looked Thursday to a new round of talks aimed at resolving differences that have blocked a landmark EU-Canada free trade deal and made a signing summit the same day unlikely.
Most Asian markets turned lower for a second day Thursday, with energy firms struggling after another sell-off in oil fueled by concerns about a planned output cut.
Microsoft launched a new consumer offensive Wednesday, unveiling a high-end computer that challenges the Apple iMac along with an updated Windows operating system that showcases three-dimensional content and "mixed reality."
German chemicals giant BASF said Thursday its profits had fallen sharply in the third quarter, driven by divestitures in its oil and gas business.
Hon Hai Precision Industry Co., the world's largest contract electronics-maker, is planning to manufacture phones under the Nokia brand in the Indian market next year, according to the Economic Times in the South Asian country.
Finnish telecom equipment giant Nokia said Thursday it has managed to reduce losses but remained in the red in the third quarter after acquiring its former rival, French-American Alcatel-Lucent.
A Verizon executive overseeing the purchase of Yahoo said Wednesday the deal was moving ahead pending the outcome of an investigation into an epic hack.
Toyota's number-two said the firm will fight to continue operating its British factory after Britain leaves the EU, but insisted it would not yet demand guarantees from London before making a decision over its future in the country.
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