South Korea's Samsung Electronics Co Ltd has raised its production target for the new flagship Galaxy smartphones following positive market reception, the Electronic Times newspaper reported on Wednesday.
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U.S. banks' buybacks, dividends may be no reason for shareholder celebrations
Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions’ financial engineering as any improvement in their health.
Euro sinks to 12-year lows as yield gap grows
The euro dived to its lowest since early 2003 against the dollar on Wednesday, dragging other European currencies with it on the back of the huge differences developing in market interest rates between Europe and the United States.
Apple seeks to dismiss lawsuit filed by electric battery maker
Apple Inc asked a U.S. court on Tuesday to dismiss a civil lawsuit filed by battery maker A123 systems over engineers hired by Apple, saying A123's claims were too speculative to proceed, according to a court filing.
Investors put $116 million in bitcoin startup 21 Inc
Silicon valley startup 21 Inc has raised $116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.
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Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards, putting them at increased risk of cyberattacks, according to a new report by Verizon Communications Inc.
Software developers say it will not be easy to come up with a "killer app" for Apple Inc's Watch - few have seen the product and the software is still in test mode.
Asian stocks fell to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier U.S. interest rate hike, while such a prospect helped send the dollar to a 12-year high against the euro.
U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/2 years.
KKR & Co LP (KKR.N) is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, according to people familiar with the matter.
U.S. stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.
German carmaker Volkswagen will invest about $1 billion to expand its vehicle assembly plant in Mexico's Puebla state and prepare it for production of the new Tiguan compact crossover SUV, the company said on Monday.
General Motors Co (GM.N) Chief Executive Officer Mary Barra’s deal on Monday to return up to $10 billion to investors is a career-defining bet that she can reverse the automaker's history of doubling down on money-losing products and failed expansion strategies.
Brent crude fell towards $58 a barrel on Tuesday as the dollar scaled multi-year highs, but data showing a recovery in China's annual consumer inflation checked losses.
