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Samsung scraps Galaxy Note 7 over fire concerns

Samsung Electronics Co Ltd (005930.KS) scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months after its launch, dealing a huge blow to its reputation and outlook after failing to resolve safety concerns. Samsung announced the recall of 2.5 million Note 7s in early September following numerous …

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Verizon may shift holiday marketing away from Note 7: spokeswoman

Verizon Communications Inc, (VZ.N) the largest U.S. wireless carrier, may shift marketing away from Samsung Electronics Co Ltd’s (005930.KS) troubled Galaxy Note 7 mobile phone heading into the critical holiday selling season, a company spokeswoman said on Monday. Samsung, the world’s largest smartphone maker, announced a global recall of at …

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Samsung halts Galaxy Note 7 sales over fire concerns, tells users to switch off

Samsung Electronics Co Ltd (005930.KS) halted sales of its Galaxy Note 7 smartphones on Tuesday and told owners to stop using them while it investigates reports of fires, fuelling expectations the tech giant will scrap the flagship device. Top U.S. and Australian carriers on Monday suspended sales or exchanges of …

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AT&T stops Note 7 replacements after reports of fire

AT&T Inc said on Sunday it will stop exchanging Samsung Electronics’ Galaxy Note 7 following reports of fires from the replacement devices. “Based on recent reports, we’re no longer exchanging new Note 7s at this time, pending further investigation of these reported incidents,” an AT&T spokesman said in a emailed-statement …

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Facebook reports 11-million-pound UK tax credit as revenues soar

Facebook said its main UK subsidiary generated an 11-million-pound tax credit in 2015 even as revenues soared, thanks to its tax efficient structure, accounts published on the weekend showed. Analysts say Facebook generates hundreds of millions of dollars in revenue from UK clients each year but until this year all …

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Beijing, Shanghai propose curbs on who can drive for ride-hailing services

Regulators in Beijing and Shanghai are proposing restrictions on who can operate as drivers for ride-hailing services such as Didi Chuxing and Uber [UBER.UL], possibly making it tougher for those services to recruit drivers. Authorities in Beijing and Shanghai – the transport commissions of the municipal governments of Beijing and …

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U.S. court reinstates Apple $120 million patent win over Samsung

A federal appeals court on Friday reinstated a $120 million jury award for Apple Inc (AAPL.O) against Samsung (005930.KS), marking the latest twist in the fierce patent war between the world’s top smartphone manufacturers. The court said that there was substantial evidence for the jury verdict related to Samsung’s infringement …

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Samsung sees third quarter profit jump as chip surge eases smartphone recall blues

South Korea’s Samsung Electronics Co (005930.KS) expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant. The world’s biggest smartphone maker said in a brief filing on Friday its …

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Twitter drops 9 percent after report that Google won’t bid

Shares of Twitter (TWTR.N) slumped 9 percent late on Wednesday after Recode reported that Google, owned by Alphabet (GOOGL.O), would not move forward with a bid to acquire the social network. Citing sources it did not identify, Recode also said that Apple (AAPL.O) was unlikely to be one of the …

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Google takes on Apple, Amazon with new hardware push

Alphabet Inc’s Google on Tuesday announced a new “Pixel” smartphone and a suite of new consumer electronics products for the home, planting itself firmly in the hardware business and challenging Apple Inc’s iPhone at the high end of the $400 billion global smartphone market. The string of announcements – including …

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