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  • Xiaomi moves into third place in global smartphone war Thursday, 30 Oct 2014 | 1:37 AM ET

    BEIJING, Oct 30- China's Xiaomi Inc has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study. Apple's share also fell slightly to 12 percent. "Samsung continues to face tough competition from Apple at the higher-end of the...

  • Samsung vows changes after mobile profit plunges Thursday, 30 Oct 2014 | 1:31 AM ET

    SEOUL, South Korea— Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years. But its rapid success with a product category pioneered by rival Apple Inc. is undergoing an equally stunning reversal.

  • SEOUL, Oct 30- Samsung Electronics Co Ltd on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since 2011.. The global smartphone leader's market share declined in annual terms for the third straight quarter in...

  • SEOUL, Oct 30- Samsung Electronics Co Ltd said on Thursday that it expects average selling prices for handsets to increase in the fourth quarter due to a rise in high-end smartphone sales. Robert Yi, Samsung's head of investor relations, did not specify how much prices would rise, with the average selling price for handsets and tablets combined in the third...

  • Samsung Elec sees higher handset average sale price in Q4 Wednesday, 29 Oct 2014 | 8:58 PM ET

    SEOUL, Oct 30- Samsung Electronics Co Ltd said on Thursday that it expects average selling prices for handsets to increase in the fourth quarter due to a rise in high-end smartphone sales. Robert Yi, Samsung's head of investor relations, did not specify how much prices would rise above the average selling price for handsets in the third quarter of about $190.

  • SEOUL, Oct 30- Samsung Electronics Co Ltd saw its July-September quarterly profit fall to the lowest level in more than three years, as a decline in earnings from its smartphone business set the South Korean giant on track for its worst year since 2011.. The global smartphone leader has lost market share in annual terms for the past two quarters, lagging behind...

  • Samsung vows changes after mobile profit plunges Wednesday, 29 Oct 2014 | 7:49 PM ET

    But its rapid success with a product category pioneered by rival Apple Inc. is undergoing an equally stunning reversal. Apple also eroded Samsung's leading market share in developed nations. Unlike Apple's take it or leave it approach, Samsung boasted that it gave more choice to consumers, launching at least two flagship models per year and making...

  • Samsung Elec Q3 operating profit down 60.1 pct on year Wednesday, 29 Oct 2014 | 7:43 PM ET

    SEOUL, Oct 30- Samsung Electronics Co Ltd said third-quarter profit fell 60.1 percent from a year earlier to the lowest in more than three years, as earnings for the mobile division continued to shrink. The world's top smartphone maker on Thursday reported a July-September operating profit of 4.1 trillion won, in line with its estimates issued earlier in...

  • LG Electronics profit surges on smartphone sales Wednesday, 29 Oct 2014 | 1:21 AM ET

    SEOUL, South Korea— South Korea's LG Electronics Inc. said Wednesday its third-quarter profit jumped 87 percent over a year earlier as smartphone sales set a record high. LG Electronics said its July-September net income reached 202.6 billion won on sales of 14.9 trillion won. Samsung Electronics, which is scheduled to report third-quarter earnings on...

  • WASHINGTON, Oct 28- The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would slow their Internet down once they used a certain amount of data. The Federal Trade Commission, which filed the lawsuit, said that this "throttling" of Internet feeds was deceptive and said that in...

  • Oct 28- Corning Inc, the supplier of Gorilla glass to Apple Inc and Samsung Electronics, reported higher-than-expected quarterly revenue and earnings, helped by launches of new smartphone models. Shares of the company, which also supplies LCD panels to consumer electronics companies such as Sony Corp, LG and Lenovo Group, rose 1.6 percent in early trading.

  • Oct 28- Speciality glass maker Corning Inc reported a 23 percent rise in quarterly net sales, helped by higher demand for its glass used in TVs and smartphones. The company supplies glass for Apple Inc's iPhones and Samsung Electronics' Galaxy devices, and makes LCD panels for Sony Corp, LG and Lenovo Group, among others. Net income rose to $1.01 billion, or 72 cents...

  • Drug chains Rite Aid and CVS disable Apple Pay Monday, 27 Oct 2014 | 6:43 AM ET
    A worker demonstrates Apple Pay in a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system, October 20, 2014 in San Francisco.

    Mobile wallet Apple Pay has been available for only one week but may be inciting a battle in the payments industry. The NYT reports.

  • Elon Musk: 'Demon' Skynet is almost self-aware Saturday, 25 Oct 2014 | 10:52 AM ET

    Elon Musk is stepping up his warnings about artificial intelligence, The Washington Post reported, saying it was akin to "summoning the demon."

  • Modern luggage: Bulletproof and zapping bedbugs Saturday, 25 Oct 2014 | 7:05 AM ET

    Here's a round-up of new suitcases and travel gear that offer the option to morph and fold, stop bullets, kill bedbugs and massage your feet.

  • Oct 23- Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and profit, hurt by weak demand from smartphone makers, sending its shares down 13 percent in extended trading. "Given that certain Samsung designs that have come out recently are not using Synaptics touch IC products, we think that would probably be a real driver...

  • Apple or Samsung? Ask these pint-sized analysts Friday, 24 Oct 2014 | 10:25 AM ET

    Turney Duff worked at billion-dollar hedge funds. But when he wants to know what's hot—like Apple or Samsung?—he consults these pint-size analysts.

  • Oct 23- Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and profit, hurt by weak demand from smartphone makers, sending its shares down 13 percent in extended trading. "Given that certain Samsung designs that have come out recently are not using Synaptics touch ID products, we think that would probably be a real driver...

  • Oct 23- Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and adjusted profit, hurt by weak demand from smartphone makers, sending its shares down 8.5 percent in extended trading. The company, which makes fingerprint ID and touchscreen chips for Samsung Electronics Co Ltd's smartphones, reported an adjusted profit...

  • BEIJING, Oct 23- Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations. Data belonging to the privately owned company's non-Chinese users will be moved in several phases to Amazon Inc servers in the United States and...