Business

Samsung Europe Executive Sees Note 7 Across Region By Late November

Samsung Electronics aims to re-launch its flagship Note7 smartphone across Europe well before year-end, but it could well be 2017 before the company fully rebounds from a global product recall tied to defective batteries, a regional executive said on...

Exclusive: Japan’s Antitrust Watchdog Considers Action Against Apple, Carriers – Sources

Japanese regulators are considering taking action against Apple Inc over possible antitrust violations that may have helped it dominate the nation's smartphone sales, government sources said, a move that could hit the company's profit margins in one of its...

Instagram Says Advertisers More Than Double In Six Months

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Facebook Inc's Instagram said on Thursday its advertising base more than doubled to exceed 500,000 in the last six months. Instagram, the popular picture-sharing app that uses Facebook's ad technology to target highly specific audiences, has gained traction as the...

Yahoo Says Hackers Stole Data From 500 Million Accounts In 2014

Yahoo Inc (YHOO.O) said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world's biggest known cyber breach by...

Exclusive: Probe Of Leaked U.S. NSA Hacking Tools Examines Operative’s ‘Mistake’

A U.S. investigation into a leak of hacking tools used by the National Security Agency is focusing on a theory that one of its operatives carelessly left them available on a remote computer and Russian hackers found them, four...

Nasdaq Hits Record High After Fed Leaves Rates Unchanged

The Nasdaq hit a record intraday high on Thursday amid broad gains in U.S. stocks, a day after the Federal Reserve stood pat on interest rates. While the risks to economic outlook were roughly "balanced", the Fed maintained rates as...

Fed Keeps Rates Steady, Signals One Hike By End Of Year

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's...

Yahoo To Provide Details On Massive Data Breach: Recode

Yahoo Inc (YHOO.O) will disclose details this week of a data breach that compromised the data of several hundred million users, technology news site Recode reported on Thursday, citing unnamed sources familiar with the company's plan. Reuters was not able...

Naira Down Again Against Major Currencies

BEVERLY HILLS, September 21, (THEWILL) - The Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market. At the Interbank market, the Naira fell by 0.25 points to exchange at N310.08, from...

BOJ Overhauls Policy Focus, Sets Target For Government Bond Yields

The Bank of Japan made an abrupt shift on Wednesday to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnation. While the...