Technology - Business news

Samsung to slash number of smartphone models

Samsung Electronics has announced plans to slash the number of smartphone models it issues next year by up to one-third as it tries to cut prices in the face of intense Chinese competition.

Nov 18, 2014
4 / 5 (2) 0

Halliburton buying Baker Hughes in $34.6B deal

In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion.

Nov 17, 2014
5 / 5 (1) 0

S&P gives Twitter debt 'junk' rating (Update)

Standard & Poor's gave Twitter's recent $1.8 billion debt issue a "speculative" rating of BB- on Thursday, weighing the company's push for acquisitions against likely slow growth in earnings.

Nov 13, 2014
not rated yet 0

Taiwan's Hon Hai profit up 11 percent in Q3

Taiwan's tech giant Hon Hai Precision Industry, a major supplier to Apple, said Thursday that its net profit in the three months to September increased 11 percent on-year.

Nov 13, 2014
not rated yet 0