Samsung Electronics profit seen bottoming in third quarter ahead of slow recovery
SEOUL (Reuters) – Samsung Electronics Co Ltd’s profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup.
WiLan says loses LTE patent case against Apple
TORONTO (Reuters) – Canadian patent licensing company WiLan Inc on Wednesday said a U.S. judge had ruled in favor of Apple Inc in a litigation case against it.
Coca-Cola, bowing to pressure, amends employee equity plan
(Reuters) – Coca-Cola Co, facing criticism from Warren Buffett and other investors for its outsized employee share rewards, said it had adopted new guidelines that would limit its stock compensation plan and improve transparency.
New York Times to cut jobs as new products disappoint
(Reuters) – The New York Times Co said it would cut jobs, including about 7.5 percent of its newsroom positions, as advertising revenue dwindles and new digital products fail to live up to expectations.
Ford loses bid to recoup $450 million interest on overpaid taxes
(Reuters) – A federal appeals court rejected Ford Motor Co’s bid to recoup about $450 million of interest from the U.S. government on taxes overpaid by the automaker.
CitiMortgage, Wells lose bid to end lawsuit over credit reports
NEW YORK (Reuters) – Wells Fargo Bank and Citigroup’s mortgage unit must face claims that they violated federal law by falsely notifying credit reporting agencies that thousands of homeowners went through bankruptcies or foreclosures, a federal judge h…
U.S. factories lose steam but private sector steps up hiring
WASHINGTON (Reuters) – Growth in U.S. factory activity slowed more than expected in September even as hiring in the private sector accelerated, signs of an uneven expansion in the U.S. economy.
Exclusive: BATS eyes Concannon, Marques for exchange president
NEW YORK (Reuters) – BATS Global Markets has narrowed its search for a new president to two industry executives with close ties to the No. 2 U.S. stock market operator, three sources familiar with the situation said on Wednesday.
Exclusive: Goldman leads investment by Wall Street in new communications platform
NEW YORK (Reuters) – After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.
U.S. construction spending posts surprise decline in August
WASHINGTON, Oct 1 (Reuters) – U.S. construction spending unexpectedly fell in August, hit by weaker private spending outside the housing sector and a pullback in public investments.
