'Collapse' in semiconductor demand hits ASML

Dutch computer chip equipment maker ASML announced net losses for the first quarter after a collapse in sales, but said it saw signs of improving market conditions.

Foxconn says cannot meet demand for iPhone 5

Taiwan's Foxconn has admitted that it cannot meet strong demand for Apple's new iPhone 5 due to difficulties in building the gadget, as investors grow concerned about the US giant's future earnings.

EasyJet logs soaring annual profit

EasyJet's annual net profit jumped by almost a fifth on strong sales and record passenger numbers, the British no-frills airline announced on Tuesday.

Panasonic to abandon consumer smartphones

Japanese electronic giant Panasonic said Thursday it will abandon research into new smartphones for retail consumers at home as it struggles to make inroads in a sector dominated by Apple and Samsung.

Solving the e-waste challenge requires global action

An international team of experts have highlighted the urgent need for global cooperation to reform the e-waste recycling industry and counteract the harm it poses to both human health and environment.

New York Times Co. shares higher on Slim rumors

Shares in The New York Times Co. soared on Wednesday on a resurgence of rumors that Mexican billionaire Carlos Slim may increase his holdings in the newspaper giant.

Semiconductor giant Infineon upgrades outlook

German semi-conductor maker Infineon on Thursday upgraded its turnover and profits forecast over the next 12 months because of higher demand from the auto industry and cost cuts.

Japan's NEC sees $1.36 billion net loss

Japanese IT firm NEC said Friday it lost $1.36 billion in the year to March as asset write-downs and tax payments hit its bottom line, even as operating profit rose.

LG Display posts profit but iPhone dims outlook

LG Display reported a $299 million profit for the fourth quarter Thursday thanks to mobile product launches by key customers including Apple Inc. but warned that earnings will decrease in the current quarter as demand for ...

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