Business news

Top Twitter suitor walks away: report

Twitter shares nose-dived on Friday after the Financial Times reported a top suitor walked away, making it likely the one-to-many messaging service will be left to fly solo.

dateOct 14, 2016 in Business
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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
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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
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Taiwan's TSMC sees profit boost from iPhone 7

Apple's new iPhone 7 series gave Taiwan microchip giant Taiwan Semiconductor Manufacturing Co (TSMC) a boost Thursday as the firm announced profits were up by almost a third compared with last year.

dateOct 13, 2016 in Business
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