• ELECTRONICS
    Samsung Says It Wants to Be More Like a Startup

    Samsung Electronics, the world’s largest maker of phones, memory chips and television sets, plans to revamp its authoritarian, top-down corporate culture to become more like a lean startup as it copes with sluggish demand and growing competition. The company said Thursday its staff pledged to reduce hierarchical practices, unnecessary meetings and excessive working hours in […]

  • ELECTRONICS
    LG Says Q1 Operating Profit Likely to Rise on Falling TV Panel Prices

    South Korean tech firm LG Electronics Inc said on Monday its first-quarter operating profit likely rose 66 percent from a year earlier, easily beating expectations and pointing to an earnings boost from healthy appliance sales and falling television panel prices. LG Electronics said in a regulatory filing it expects a January-March profit of KRW 505 […]

  • NEWS
    JCPenney CEO Says Company’s Future Will Depend Less On Apparel

    New York: JCPenney has always been the go to place where Americans shopped for affordable clothing for their family. But the Plano, Texas-based department store chain announced on Friday that it must reduce its dependency on clothing and follow where the shoppers are spending their money: services and other products like appliances. While part of […]

  • COMPUTERS
    Apple Says It Has Over 1 Billion Active Devices Worldwide

    Apple raised the specter of the end of a technological era after reporting Tuesday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come. The California technology colossus said it expects to see its first decline in iPhone sales in the current quarter, when it will be compared […]

  • COMPUTERS
    US Says Computers in Google Self-Driving Cars Qualify as Drivers

    US vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step towards ultimately winning approval for autonomous vehicles on the roads. The National Highway Traffic Safety Administration told Google, a unit of Alphabet Inc, of its decision in a previously […]

  • ELECTRONICS
    LG Electronics Says Q2 Operating Profit Likely At Two-Year High

    LG Electronics Inc said in a regulatory filing that April-June profit was likely $504 million. Seoul: South Korea’s LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. The world’s second-biggest TV maker by market share, […]

  • COMPUTERS
    Swift Says Customers Responsible for Securing Their Own Computers

    Swift has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February. The theft marked one of the biggest-ever cyber-heists. “Swift is not, and cannot, […]

  • COMPUTERS
    AMD CEO Says Expects to Return to Operating Profit in H2 2016

    US semiconductor maker Advanced Micro Device Inc expects to return to operating profitability in the second half of this year, Chief Executive Lisa Su said Wednesday. “I expect our revenue to grow for the full year,” said Su, speaking on the sidelines of the Computex technology trade show in Taipei. In mid-April, AMD reported first-quarter […]

  • COMPUTERS
    Swift Says Customers Responsible for Securing Their Own Computers

    Swift has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February. The theft marked one of the biggest-ever cyber-heists. “Swift is not, and cannot, […]