Business news

Samsung Note 7 recall to cost at least $5.3 billion

Samsung Electronics said Friday that the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters, bringing the total cost of the recall to at least $5.3 billion.

dateOct 14, 2016 in Business
shares5 comments 0

Verizon says Yahoo data breach had a 'material' impact

Verizon's top lawyer says it now has reason to believe Yahoo's recently disclosed data breach has a "material" impact on Verizon's pending $4.8 billion acquisition of Yahoo. That leaves open the possibility that Verizon could ...

dateOct 13, 2016 in Business
shares9 comments 0

India's TCS profits rise 8.8 percent

India's Tata Consultancy Services reported an 8.8 percent year-on-year rise in quarterly profits Thursday as strong growth in Europe helped the IT giant override a slump in its domestic market.

dateOct 13, 2016 in Business
shares7 comments 0