By Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd expects record shipments for its new Galaxy S6 smartphones and said it will struggle to meet demand for the curved-edged version due to production constraints, adding to hopes for a turnaround in mobile sales. This week, the company estimated its January-March operating profit to be its highest in three quarters, which analysts said was partly because Samsung put its
By Chang-Ran Kim TOKYO (Reuters) – Tokyoites will get a chance to zip around town on Toyota Motor Corp’s three-wheeled electric car-motorbike from Friday, in a trial aimed at crafting a global business model to reduce gridlock and pollution. The world’s top-selling automaker will partner Japanese car-sharing service operator Park24 Co Ltd for a six-month experiment leasing the i-Road concept vehicle, with a view to setting up a green car-sharing
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The housing industry is slowly seeing the return of buyers like Rick LeBlanc, who lost his Michigan home to foreclosure during the financial crisis but now qualifies for a mortgage again. Mr. LeBlanc, …
James Dimon says the regulatory cloud is lifting above J.P. Morgan Chase & Co. But the CEO still forecasts some squalls ahead. In his annual shareholder letter released late Wednesday, Mr. Dimon blamed legal and regulatory costs for weighing on the firm’s share price but said he expects the firm’s legal costs to “normalize” in 2016. The chief executive said the bank still faces legal uncertainty, highlighting continuing foreign-exchange settlement
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. At the top of the list are the same Wall Street banks that financed the biggest energy boom in U.S. history, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.
When the National Cannabis Industry Association descends on Capitol Hill later this month, Tommy Chong, the actor who spent years smoking up on screen and pushing for America to legalize marijuana, won’t be there.
The former Treasury secretary said regulators should make a priority of addressing the problems of bond market liquidity, brought on by efforts to make institutions safer after the crisis.
Apple Inc said on Thursday demand for its new smartwatch would exceed supply when the gadget hits stores on April 24. Apple said it saw “tremendous interest” for the watch from people visiting its stores and website. The Apple Watch could make life easier for people on the move, but the gadget got poor marks for battery life and slow-loading apps from reviewers.
DJ Patil is still settling into his White House office. It’s by far the most prestigious place he’s ever worked, but it looks more like a bootstrapping startup than a precinct of Washington power.