Samsung Electronics loses $12 billion market value on smartphone worries
SEOUL (Reuters) – Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone.
Five criteria Obama may weigh in seeking Bernanke successor
WASHINGTON (Reuters) – In the summer of 2009, with the U.S. economy badly wounded and the nation’s financial calamity still a vivid memory, President Barack Obama’s closest aides began a vital discussion about who he should nominate to run the Federal …
India police charge Rheinmetall official with bribery
NEW DELHI (Reuters) – Indian police have filed charges against a Rheinmetall Air Defence (RAD) official and two others in connection with allegations that the Swiss-based arms company paid bribes to help it avoid being blacklisted in India, police said…
China considers tariff action on EU luxury cars: paper
PARIS (Reuters) – China is considering imposing import duties on high-end European cars following complaints over subsidies that enable EU carmakers to sell in China at a loss, French daily Les Echos reported on Friday.
Indonesia’s Freeport accident probe unlikely to take three months
JAKARTA (Reuters) – A government-led investigation into the tunnel collapse that killed 28 people at Freeport McMoRan Copper and Gold Inc’s copper mine in Indonesia should not take three months to complete, the head of the probe said on Friday.
Reports on surveillance of Americans fuel debate over privacy, security
WASHINGTON (Reuters) – The debate over whether the government is violating citizens’ privacy rights while trying to protect them from terrorism escalated dramatically on Thursday amid reports that authorities have collected data on millions of phone us…
GM may not build new Aveo car in S.Korea; union threatens strike
SEOUL (Reuters) – General Motors Corp has told its South Korean labor union it has no plans to produce the next-generation Aveo small car at its key Asian base for the time being, prompting the union to threaten strike action.
Treasury prices GM stock sale at $34.41/share
WASHINGTON (Reuters) – The U.S. Treasury said on Thursday it was selling 30 million shares of General Motors Co at $34.41 each, raising roughly $1.03 billion as part of its ongoing effort to exit from the bailed-out company and reduce losses to taxpaye…
Internet giants deny granting government ‘direct access’ to servers
SAN FRANCISCO (Reuters) – Major tech companies including Apple Inc, Google and Facebook Inc on Thursday said they do not provide any government agency with “direct access” to their servers, contradicting a Washington Post report that they have granted …
Internet giants deny granting government ‘direct access’ to servers
SAN FRANCISCO (Reuters) – Major tech companies including Apple Inc, Google and Facebook Inc on Thursday said they do not provide any government agency with “direct access” to their servers, contradicting a Washington Post report that they have granted …
