HIGHLIGHTS Imagination said the sale could now go ahead without a shareholder vote The unnamed third-party is no longer involved in the sale process Canyon Bridge was announced to buy Imagination Tech for GBP 550 million Imagination Technologies, the British chip designer selling itself to a China-backed buyout fund, said on Wednesday another potential buyer had ruled itself out, removing ... Read More »
U.S. stocks closed slightly higher on Wednesday, notching record highs, as a gain in the energy sector offset losses in tech. The Dow Jones industrial average rose 39.3 points to close at 22,158.18 — a record — with Chevron contributing the most to the gains. Apple, however, was the biggest loser in the index. The S&P 500 rose 0.1 percent and finished the session ... Read More »
Indonesia’s daily number of Facebook users currently stands at around 65 million. (Photo: Chandni Vatvani) JAKARTA: Whether they are tweeting or posting, Indonesians love social media. According to Instagram, the country is its largest market in the Asia Pacific. Twitter too, says Indonesians are among its top five users worldwide, and Facebook – the social media favourite of Indonesians – ... Read More »
Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the US state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020. Foxconn, which makes electronics under contract for clients such as Apple, announced its $10 billion plan at the White House in July, ... Read More »
HIGHLIGHTS Sony allegedly misrepresented water-resistance capabilities The company will need to settle with court again on December 1 The lawsuit seeks extension of warranty A US federal court in New York on Friday preliminarily approved a nationwide class action settlement against Sony regarding waterproof capabilities offered by certain Xperia smartphones and tablets. The class action lawsuit against the Japanese company alleges that it sold ... Read More »
Stocks are taking broad losses Thursday, led by declines in technology companies. Cisco Systems dropped after issuing a disappointing sales forecast, and retailers were also weak as Walmart slumped. Bond prices rose, sending yields lower. KEEPING SCORE: The Standard & Poor’s 500 index dropped 25 points, or 1 percent, to 2,442 as of 1:50 p.m. Thursday on Wall Street. The Dow ... Read More »
THE risks of a new financial crisis are increasing along with the size of car finance deals handed out by garages, experts warned last night. Though the number of motors bought on cheap credit is finally going down, the total lent remains the same. ALAMY Fewer cars are being bought on cheap credit This indicates customers are taking on higher ... Read More »
HIGHLIGHTS The video shows a white strip of windshield lights on the van flickering Developers have taught driverless cars to stay in their lanes Study is investigating the potential need for additional exterior signals The man in the seat-cushion costume got all the attention. What appeared to be a driverless vehicle actually had a researcher sitting in the front seat, ... Read More »
HIGHLIGHTS Jio Phone beta tests are scheduled to start August 15 The testing units will likely be available for select RIL employees Reliance Jio will start delivering the handset to consumers in September The first batch of JioPhone units will become available Tuesday, August 15 as beta trials of the 4G feature phone are scheduled to commence today, a little over three ... Read More »
China’s second-largest mobile search engine Sogou, controlled by Sohu.com and 45 percent owned by Tencent Holdings, said it will focus on artificial intelligence (AI) as it aims to build a next-generation search engine. Chinese internet and gaming company Sohu on Monday announced the plan to float Sogou in the United States “as early as market conditions permit”, saying the search unit would make ... Read More »
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