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Shares of Samsung Electronics Co Ltd traded slightly higher on Friday (October 14) morning after the South Korean electronics giant said it expected to take a greater profit hit from the demise of its fire-prone Galaxy Note 7 smartphones. Samsung shares were up 0.8 percent as of 0008 GMT, versus the wider market’s 0.6 percent gain. Samsung said it expected to take a hit to its operating profit of about $3 billion over the next […]
by Hwang Sung-Hee SEOUL, South Korea (AFP) — Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The profit warning came two days after the South Korean electronics giant slashed its operating profit for the third quarter by $2.3 billion. After a recall problem with […]
By Caesar Vallejos EBC Correspondent “Energy efficiency should not be treated as a stop gap,” Alexander Ablaza, Philippine Energy Efficiency Alliance President said during the 1st Philippine Clean Energy Summit held at the Sofitel Philippine Plaza on October 13, 2016. Ablaza stressed the need to help the country meet its commitment to the Climate Change Paris Agreement, also known as COP21, by setting its roadmap to limit the effects of global warming to […]
HONG KONG, China (AFP) — Asian markets retreated Wednesday on fears about an expected US interest rate rise this year, while the pound recovered after suffering a series of losses fuelled by worries over Britain’s EU exit. Samsung Electronics suffered another bout of selling in the morning after announcing Tuesday it would scrap the troubled flagship Galaxy Note 7 over an exploding battery crisis. Shares later staged a partial recovery to end around […]
SAN FRANCISCO, United States (AFP) — Industry reports released on Tuesday showed that shipments of personal computers slid anew in the recently ended quarter as lifestyles continued to shift to smartphones and tablets. Worldwide PC shipments in the third quarter of this year totaled 68.9 million units in a 5.7 percent decline from the same period a year earlier, according to preliminary estimates by Gartner. International Data Corporation put the figure even lower in a Worldwide […]
SEOUL, South Korea (AFP) — The elder brother of South Korea’s Lotte Group chairman has filed a lawsuit against his younger sibling for alleged accounting fraud, his spokesman said Tuesday, reigniting a bitter family feud over a stake in the business empire. “We submitted a complaint to the prosecutors’ office on September 30,” Thomas Hong, spokesman for Shin Dong-Joo, former vice president of Lotte Holdings, told AFP. Hong said Shin accused Lotte chairman Shin Dong-Bin […]
by Giles HEWITT SEOUL, South Korea (AFP) — Samsung told customers worldwide Tuesday to stop using their Galaxy Note 7 smartphones as it struggled to contain a snowballing safety crisis that threatens to derail the powerhouse global brand. The South Korean conglomerate also called a halt to worldwide sales and exchanges of the troubled Note 7s, as the federal US consumer regulator issued an alarming warning of the possible dangers the device posed to its […]
MANILA, Philippines (Eagle News)– Oil companies are set to launch another big-time oil price hike on Tuesday (October 11), particularly in diesel and kerosene. Sources say the increase per liter both in diesel and kerosene would range from P1.50 to P1.60 and P0.75 to P0.90 in gasoline. The increase is the result of the abnormal movement of the prices of petroleum products in the world market. https://youtu.be/GTZFJOQXAz8
SEOUL, South Korea (AFP) — Samsung Electronics said Monday it was “adjusting” production of its recalled Galaxy Note 7 smartphone, after key distributors stopped offering replacements because of continued safety concerns. “We are in the process of adjusting production volumes to enhance quality control and to enable thorough investigations following the recent cases of Galaxy Note 7 explosions,” the South Korean company said in a statement. © 1994-2016 Agence France-Presse
PARIS, France (AFP) – by Guy JACKSON Europe’s leaders have vowed no compromise on the terms of their divorce with Britain as a free-falling pound on Friday dramatically underscored the perils ahead for Prime Minister Theresa May’s government. French President Francois Hollande sent one of the strongest warnings yet that Britain will have to pay a heavy price for leaving the European Union, while European Commission chief Jean-Claude Juncker said the bloc must be “unyielding” […]
QUEZON City, Philippines – Meralco will reduce its charges on electricity for the third time. The reduction is due to lower generation and transmission charges. The reduction is equivalent to 15 centavos per kilowatt/hour. https://youtu.be/3cDv4wIEPAk
CHICAGO, United States (AFP) — A US flight was evacuated prior to takeoff when a passenger’s Galaxy Note 7 — reportedly a replacement in Samsung’s global recall — caught fire, landing the company in new controversy. Samsung has been struggling with a recall of 2.5 million Galaxy Note 7 handsets due to complaints of exploding batteries, a problem the replacement phones are supposed to fix. But on Wednesday, a Southwest Airlines flight leaving Louisville, Kentucky was […]
