Showing 1 - 10 of 37
Samsung Electronics logs worst quarterly earnings in 14 years
AFP, Published on 27/04/2023
» SEOUL: Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.
US tech titans stumble after pandemic boom
AFP, Published on 29/07/2022
» SAN FRANCISCO: Amazon and Apple were a relative bright spot in a week of otherwise lackluster earnings results for an industry reckoning with the end of heady pandemic-era growth.
Twitter adopts 'poison pill' defence against Musk buyout bid
AFP, Published on 16/04/2022
» WASHINGTON: Twitter moved Friday to defend itself against Elon Musk's $43 billion hostile takeover bid, announcing a plan that would allow shareholders to purchase additional stock.
Apple becomes 1st US company to reach $3tn valuation
AFP, Published on 04/01/2022
» NEW YORK: Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry's pandemic surge.
Original Apple computer built by Jobs and Wozniak to be auctioned
AFP, Published on 09/11/2021
» LOS ANGELES: An original Apple computer, hand-built by company founders Steve Jobs and Steve Wozniak 45 years ago, goes under the hammer in the United States on Tuesday.
Samsung forecasts near-30% jump in Q3 operating profit
AFP, Published on 08/10/2021
» SEOUL - South Korean tech giant Samsung Electronics defied the global supply chain challenges to forecast a near-30% jump in third-quarter operating profits on Friday.
Up to 1,500 firms hit in Kaseya ransomware attack
AFP, Published on 06/07/2021
» PARIS: Hundreds of Swedish supermarkets remained shut Tuesday after a major cyberattack that has crippled hundreds of companies worldwide for the past four days, with the perpetrators demanding $70 million in bitcoin to undo the damage.
Up to 1,500 firms affected in major ransomware attack, Kaseya says
AFP, Published on 06/07/2021
» WASHINGTON: Up to 1,500 businesses around the world may have been affected by a major ransomware attack that has shuttered hundreds of Swedish supermarkets, according to the American IT company at the centre of the hack.
Flared natural gas latest prize in bitcoin miners' energy quest
AFP, Published on 16/05/2021
» WASHINGTON: As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas.
New York Stock Exchange threatens to exit New York
Business, AFP, Published on 11/02/2021
» NEW YORK: Is the New York Stock Exchange (NYSE) about to leave New York city?