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By Ritsuko Ando and Reiji Murai TOKYO (Reuters) – Japan Display Inc’s new chief executive said on Thursday the screen maker’s “biggest client”, widely understood to refer to Apple Inc , is increasing orders ahead of the expected launch of a new iPhone this month. Mitsuru Homma, who was appointed CEO in June, said weakness in China’s smartphone market, the world’s biggest, amid that country’s broader economic slowdown was not
(Reuters) – Sam’s Club, the membership warehouse club division of Wal-Mart Stores Inc, said on Thursday it has tied up with online car-shopping site TrueCar Inc in an effort to boost its auto business. Sam’s Club said in a statement that the tie-up would give its members access to more than 10,000 TrueCar dealers and guaranteed savings off the manufacturer’s suggested retail price for new cars as well as savings
Chauffeur-hailing app Uber [UBER.UL] on Thursday started its licensed service UberX in Brussels, though it added it did not plan on suspending its controversial unlicensed service as it had done in Paris. As in many other countries, Uber’s entry into the Belgian market was greeted with protests from taxi companies which see the app as unfair competition. Taxi drivers plan another demonstration in the Belgian capital on Sept. 16.
(Reuters) – Chipmaker Diodes Inc said it would buy Pericom Semiconductor Corp in a deal valued at about $400 million to boost its analog and mixed-signal chip businesses. Pericom shares jumped 37.4 percent to $16.73 in morning trading on Thursday, but stayed shy of Diodes’ offer of $17 per share. Diodes’ stock rose 5.7 percent.
(Reuters) – Sony Pictures Entertainment Inc has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the studio’s release of a comedy film set in North Korea, “The Interview.” The plaintiffs’ have until Oct. 19 to submit a motion for preliminary approval of the proposed settlement case, according to a court filing. Sony
Based on his research of historical stock market valuations, Nobel Prize-winning economist Robert Shiller tells CNBC it’s a “risky time.”
The ECB also cut its inflation and growth forecasts for the euro zone in the wake of lower oil prices, weaker growth in China and a strengthening euro. Draghi’s remarks come a day ahead of the critical monthly U.S. jobs report, which may feed into the Federal Reserve’s decision on the timing of a rate hike.
Treasury Secretary Jack Lew, in an exclusive interview with CNBC, diplomatically but firmly criticized China’s handling of its devaluation.
DETROIT (AP) — Tesla Motors says it will reveal its lower-cost Model 3 electric car in March and will start taking orders then.
Leon Gorman, a grandson of L.L. Bean who led a modernization of his family’s outdoor clothing and gear retail business after the founder’s death, died Thursday at his home in Yarmouth. He was 80. Gorman …
