By Se Young Lee SEOUL, (Reuters) – Samsung Electronics has pulled out all the stops on its new Galaxy smartphones, but their modest prices compared to the latest iPhones throw an uneasy spotlight on the long-term cost of fighting Apple’s premium branding. The 64-gigabyte model of the Galaxy S6 edge costs $290.45 to make, according to IHS Technology. For the price of producing 100 sets of this S6 edge model,
Nasdaq OMX Group said on Thursday it set aside $31 million for ongoing litigation arising from the bungled $16 billion initial public offering of Facebook Inc on its U.S. stock exchange in May 2012. The reserve is intended to cover the estimated amount of a settlement of class-action litigation initiated on behalf of investors in Facebook common stock on the date of its IPO, the company said in a filing
By Phil Stewart REDWOOD CITY, California (Reuters) – U.S. Defense Secretary Ash Carter is due to unveil an updated cyber strategy on Thursday that will stress the military’s ability to retaliate with cyber weapons, a capability he hopes will help deter attacks. The strategy presents a potentially far more muscular role for the U.S. military’s cyber warriors than the Pentagon was willing to acknowledge in its last strategy rollout in
By Ludwig Burger FRANKFURT (Reuters) – If customers of Germany’s Harting Group, a maker of industrial plugs and sockets, want bespoke products, they can buy them — if they’re prepared to assemble them from a kit themselves. Volker Franke, the head of Harting’s assembly systems and machine tools business, is working hard to change that. Harting is one of a growing number of German firms investing in software, fearing their
Drivers have gotten a break this year with cheap gas, but the lower cost of fuel is an even bigger boon for automakers with big trucks and SUVs to sell. And nobody may be benefiting more than General Motors.
About 25% more liquefied national gas exports will hit the world market by 2020, and this will transform the energy market, predict CEOs at CERAWeek.
Sales of new US homes plunged in March after a sharp rise in February, the Commerce Department reported Thursday.
Economic news may delay the June rate hike investors were expecting earlier this year – but it won’t delay it very long.
Maybe you were even among those predicting at the start of the year that we’d finally get a “stock picker’s market.” Well, we’ve got one. And now all anyone can talk about is how frustrating it is to watch the indexes stuck in a range.
The number of Americans filing new claims for jobless benefits rose last week for a third straight week, but the underlying trend continued to point to a solidly improving labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 295,000 for the week ended April 18, the Labor Department said on Thursday. The claims data covered the period during which the government canvassed employers for April’s
