Samsung posts record profits October 5, 2012 Samsung this morning posted record profits of $7.3bn (£4.5bn) in the third quarter, helped by strong sales of smart TVs and Galaxy smartphones. The profit figure, which was nearly double last year’s figure, helped to offset weaker profits from the South Korean technology firm’s chip business. Ahead of full quarterly results due by October 26, [...]
Telecoms peace deal brings 4G to Britain October 2, 2012 BRITAIN’S four major mobile companies will all be able to offer high-speed mobile internet networks from as soon as next summer, after government-brokered talks between broadcasting regulator Ofcom and the operators last night moved forward the date that fourth-generation (4G) airwaves will be cleared for use. Culture secretary Maria Miller brought together the heads of [...]
Samsung sues over iPhone 5 in latest clash October 2, 2012 SAMSUNG yesterday said it had launched legal proceedings in the US over the iPhone 5, claiming Apple has used the Korean firm’s own technology. In the latest in a string of lawsuits around the globe between the two technology giants, Samsung claims the latest iPhone model infringes on patents regarding sending music and video files [...]
Lenders offer Sharp a 210bn yen lifeline September 27, 2012 MIZHUO Financial Group and Mitsubishi UFJ Financial Group, the two main lenders to Sharp, have approved a 210bn yen (£1.6bn) bailout of Japan’s troubled TV maker, sources said yesterday, clearing a major obstacle to firm’s survival. The two banks have been orchestrating Sharp’s funding plans in exchange for drastic changes at the century-old firm, including [...]
What the other papers say this morning September 25, 2012 FINANCIAL TIMES Total warns against Arctic oil drilling Total SA says energy companies should not drill for crude in Arctic waters, marking the first time an oil major has publicly spoken out against offshore oil exploration in the region. Christophe de Margerie, the oil giant’s chief executive, said the risk of an oil spill in [...]
Apple seeks further damages in Samsung patent case in US September 23, 2012 APPLE has asked a judge to award an extra $535m (£329.7m) in its US patent case with Samsung Electronics in addition to its requested permanent injunction against sales of Samsung’s infringing products. “The harm to Apple was deliberate, not accidental,” Apple attorneys said in court papers filed 21 September in the US District Court in [...]
Apple shares jump on iPhone 5 launch September 21, 2012 Apple released the eagerly-awaited iPhone 5 to large crowds today around the world, as its shares jumped in early trading. The technology giant’s shares spiked 0.65 per cent in early trading on the Nasdaq, as Apple retail stores opened at 8am to long queues of shoppers. Online pre-sale orders reached 2m in the first 24 [...]
Huge iPhone sales set to boost Apple September 17, 2012 APPLE shares are in sight of a new record high of $700 this week, after early demand for the new iPhone 5 proved far greater than expected. Purchases made over the weekend were accompanied by a warning that delivery would take up to three weeks to arrive, after the initial batch of devices sold out [...]
Apple hits back at competition with iPhone 5 September 12, 2012 APPLE last night revealed a thinner and more powerful version of the iPhone, as the world’s biggest company sought to wrestle back the initiative from rival smartphone makers. Chief executive Tim Cook took the stage at the first launch of Apple’s most profitable product since Steve Jobs’ death to say Apple was “stronger than ever”, [...]
Samsung funds Cluff in Africa September 12, 2012 ■ British miner Cluff Gold yesterday announced Samsung was to fund the junior stock market-listed miner’s operations in West Africa, in return for buying gold from Cluff at a discount. The partnership, which will land Cluff a $20m (£12.4m) windfall to look into further development opportunities, could see Samsung fund around half the estimated $200m costs of [...]