Latest Samsung News

  • In Tech: Lifetime video service, Sprint's new price plans
    In Tech: Lifetime video service, Sprint's new price plans Thu, Jul 2, 2015

    Fans of Lifetime's melodramatic movies can now see them for $4 a month — without subscribing to cable. More »

  • Regulatory rebuffs could force GE to seek other deals, more buybacks
    Regulatory rebuffs could force GE to seek other deals, more buybacks Thu, Jul 2, 2015

    U.S. and European regulatory resistance could force General Electric Co to seek another buyer for its appliances business and different paths to expand its industrial operations in an ongoing strategic overhaul. Chief Executive Jeff Immelt wants further focus on manufacturing of higher-margin products such as jet engines and power-generating turbines, and to move away from riskier finance earnings. GE met with European regulators on Thursday to allay worries its 12.4 billion euro (9 billion pounds) acquisition of Alstom's power equipment business would leave Europe with two gas turbine players. More »

  • Brazen Thief Waddles Away With Flatscreen TV Lodged Firmly Between Her LEGS
    Brazen Thief Waddles Away With Flatscreen TV Lodged Firmly Between Her LEGS Thu, Jul 2, 2015

    Surveillance footage shows the woman casually eyeing up what looks like an expensive 27-inch Samsung television in a Lusaka, Zambia, outlet last month More »

  • S. Korea reports new MERS case after four days of hiatus
    S. Korea reports new MERS case after four days of hiatus Thu, Jul 2, 2015

    South Korea on Thursday reported two new cases of the potentially deadly Middle East Respiratory Syndrome (MERS) virus, after four days in which no cases were spotted. More »

  • Proxy advisor urges Samsung C&T holders to reject $8 billion merger Thu, Jul 2, 2015

    By Se Young Lee SEOUL (Reuters) - An influential investor advisor has urged Samsung C&T Corp shareholders to reject a merger with a sister firm that would pave the way for a generational leadership change at South Korea's biggest family-run conglomerate. Ahead of what investors expect to be a tightly contested July 17 vote, advisor firm Glass Lewis & Co said in a note dated Wednesday that Cheil Industries Inc's $8 billion all-stock offer was "profoundly unattractive" for C&T investors and "exceedingly advantageous" for Cheil shareholders. Elliott, which holds 7.1 percent of builder C&T, has mounted legal challenges to the merger and is urging shareholders to vote against it. More »

  • US sues to block GE appliance business sale to Electrolux Thu, Jul 2, 2015

    The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, ... More »

  • Average home has 18 smart devices
    Average home has 18 smart devices Thu, Jul 2, 2015

    The average UK household now owns 18 smart devices such as mobile phones and tablets and spends more than £100 a year on downloads, according to a new survey. More »

  • U.S. sues to stop Electrolux acquiring GE's appliance business
    U.S. sues to stop Electrolux acquiring GE's appliance business Wed, Jul 1, 2015

    By Diane Bartz and Lewis Krauskopf WASHINGTON (Reuters) - The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB , which owns the Frigidaire, Kenmore and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. Whirlpool Corp , which bought Maytag in 2006, is the third. Electrolux shares traded in the U.S. on the OTC Pink market fell 9.3 percent, with more than 40,000 shares exchanged. More »

  • Consumers worry over phone payments
    Consumers worry over phone payments Wed, Jul 1, 2015

    Consumers are worried that being able to pay for items with just a tap of their smartphone will lead to them making more impulse purchases. More »

  • Seoul court denies US fund's request to stop Samsung merger
    Seoul court denies US fund's request to stop Samsung merger Wed, Jul 1, 2015

    A South Korean court Wednesday denied an American hedge fund's request to stop Samsung from combining two of its companies, a largely expected ruling that gives South Korea's biggest business group a boost ... More »

  • South Korea court rules in favour of Samsung subsidiaries merger
    South Korea court rules in favour of Samsung subsidiaries merger Wed, Jul 1, 2015

    US hedge fund Elliott had asked for a court injunction to stop Cheil Industries acquiring Samsung C&T Corp through an all-stock deal More »

  • S.Korea court ruling keeps $8 bln Samsung merger bid on track
    S.Korea court ruling keeps $8 bln Samsung merger bid on track Wed, Jul 1, 2015

    By Sohee Kim and Se Young Lee SEOUL (Reuters) - A court on Wednesday rejected a U.S. hedge fund's bid to block a shareholder vote on the planned $8 billion merger of two Samsung Group companies seen as a key step in the leadership succession at South Korea's biggest family-run conglomerate. Elliott Associates, which owns 7.1 percent of construction firm Samsung C&T Corp, argues the proposed all-stock offer from Cheil Industries Inc, the Samsung Group's de facto holding company, undervalues C&T. The deal would allow the heirs of patriarch Lee Kun-hee, who remains hospitalised since a May 2014 heart attack, to consolidate stakes in affiliates like smartphone maker Samsung Electronics Co Ltd and keep control of the group. The Seoul Central District Court's ruling against the U.S. fund was widely expected, as most investors and analysts agreed the deal terms complied with South Korean regulations. More »

  • S.Korea court rules in favour of Samsung subsidiaries merger: spokesman
    S.Korea court rules in favour of Samsung subsidiaries merger: spokesman Wed, Jul 1, 2015

    US hedge fund Elliott had asked for a court injunction to stop Cheil Industries acquiring Samsung C&T Corp through an all-stock deal More »

  • Xiaomi takes first big step outside Asia with Brazil smartphone
    Xiaomi takes first big step outside Asia with Brazil smartphone Tue, Jun 30, 2015

    By Brad Haynes SAO PAULO (Reuters) - Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said in an interview on Tuesday that Brazil was "stage one of our Latin America launch," pointing to Mexico and Colombia as logical next steps in the region, although he declined to say when. "We offer high-quality products at incredibly aggressive prices, so we're starting with larger developing markets where people are very price-sensitive," Barra told Reuters. More »

  • Samsung's Cheil, pitching $8 billion merger, pledges higher returns
    Samsung's Cheil, pitching $8 billion merger, pledges higher returns Tue, Jun 30, 2015

    By Joyce Lee and Se Young Lee SEOUL (Reuters) - Locked in a battle with an activist U.S. hedge fund, the Samsung Group's [SAGR.UL] de facto holding company sought to win support for a proposed $8 billion (5 billion pounds) merger with a sister firm by pledging to bolster post-deal shareholder returns. Cheil Industries said on Tuesday that the company formed on completion of its all-stock takeover of Samsung C&T Corp would gradually increase its dividend payout ratio to 30 percent by 2020 from the equivalent of 21 percent in 2014 and also consider future share buybacks. On a forecast 2020 pre-tax profit of 4 trillion won, the dividends would amount to 4,800 won ($4.29) per share, Cheil said in a statement. More »

  • Sony to raise nearly $4 billion, ramp up sensors business to anchor turnaro …
    Sony to raise nearly $4 billion, ramp up sensors business to anchor turnaro … Tue, Jun 30, 2015

    By Ritsuko Ando TOKYO (Reuters) - Japan's Sony Corp plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses. In Sony's first new share issue in 26 years, the firm said on Tuesday it expects to raise 321 billion yen ($2.62 billion) from a public stock offering after a rally that has seen its market value double in a year. Worth close to a tenth of its current market value, the share issue provides the clearest signal yet that Chief Executive Kazuo Hirai is prioritising the sensor business to anchor Sony's turnaround. More »

  • Sony to raise nearly $4 bln, ramp up sensors business to anchor turnaround
    Sony to raise nearly $4 bln, ramp up sensors business to anchor turnaround Tue, Jun 30, 2015

    By Ritsuko Ando TOKYO (Reuters) - Japan's Sony Corp plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses. In Sony's first new share issue in 26 years, the firm said on Tuesday it expects to raise 321 billion yen ($2.62 billion) from a public stock offering after a rally that has seen its market value double in a year. Worth close to a tenth of its current market value, the share issue provides the clearest signal yet that Chief Executive Kazuo Hirai is prioritising the sensor business to anchor Sony's turnaround. More »

  • Sprint rolls out all-included rate plan
    Sprint rolls out all-included rate plan Tue, Jun 30, 2015

    By Malathi Nayak NEW YORK (Reuters) - Sprint Corp said on Tuesday it will offer an $80 a month cellular phone plan, including both service and smartphone device fees, hoping to draw users who dislike complex price plans and hidden costs. The "All-in" plan will offer unlimited talk, text and data at $60, plus $20 to lease phones such as the iPhone 6 and Samsung's Galaxy S6, chief marketing officer Kevin Crull said in an interview. Sprint, the No. 3 U.S. cellular operator, is in the middle of a turnaround plan aimed at narrowing the gap with its larger rivals. More »

  • Samsung Electronics plans more Tizen smartphones this year - source
    Samsung Electronics plans more Tizen smartphones this year - source Mon, Jun 29, 2015

    Leading smartphone maker Samsung Electronics Co Ltd plans to launch more handsets running on its own Tizen operating system later this year, a person with knowledge of the matter told Reuters on Monday. Samsung will launch several Tizen smartphones at varying prices, the person said without disclosing other specifications. Samsung aims to build its own ecosystem through Tizen, which powers its smartwatches and premium television sets. More »

  • South Korea cautiously reports no new MERS cases or deaths
    South Korea cautiously reports no new MERS cases or deaths Mon, Jun 29, 2015

    South Korea reported no new cases of MERS or deaths from the virus for the first time in nine days Monday, but officials warned there was no indication yet that the outbreak had been brought under control. More »

  • South Korea reports 32nd MERS death
    South Korea reports 32nd MERS death Sun, Jun 28, 2015

    South Korea on Sunday reported its 32nd death from MERS as the virus's mortality rate continued to rise even as the pace of the outbreak appeared to slow. More »

  • Audio overkill? Some question benefits of 'high-res' music
    Audio overkill? Some question benefits of 'high-res' music Fri, Jun 26, 2015

    LOS ANGELES (AP) — Its backers say it does for music lovers what ultra high-definition television has done for couch potatoes. More »

  • Apple Watch lands in competitive S. Korea market
    Apple Watch lands in competitive S. Korea market Fri, Jun 26, 2015

    Apple released three models in South Korea: Apple Watch, priced between 679,000 and 1,359,000 won, Apple Watch Sport between 439,000 won and 499,000 won, and the luxurious Apple Watch Edition between 13,000,000 ... More »

  • South Korea passes new law to curb MERS outbreak
    South Korea passes new law to curb MERS outbreak Fri, Jun 26, 2015

    South Korea has introduced a new law designed to curb a MERS outbreak, tightening quarantine restrictions and imposing jail sentences on those who defy anti-infection measures in a crisis that has now left 31 dead. More »

  • S Korea to jail people defying MERS quarantine measures
    S Korea to jail people defying MERS quarantine measures Fri, Jun 26, 2015

    New laws allow up to two-year prison terms and $18,000 fines for those who defy restrictions, as new deaths reported. More »

  • South Korea hospitals to monitor emergency room visitors in battle on MERS
    South Korea hospitals to monitor emergency room visitors in battle on MERS Fri, Jun 26, 2015

    By Reuters Staff SEOUL (Reuters) - - South Korea has ordered hospitals to track all emergency ward visitors, after a large outbreak of Middle East Respiratory Syndrome (MERS) was blamed on difficulties locating every person exposed to the disease, the health ministry said on Thursday. Many of the 180 MERS cases in South Korea, which make up the largest outbreak of the disease outside Saudi Arabia, were caught from sufferers encountered in emergency wards before they were diagnosed, during a wait for hospital places. More »

  • Elliott keeps up criticism of Cheil Industries-Samsung C&T deal
    Elliott keeps up criticism of Cheil Industries-Samsung C&T deal Fri, Jun 26, 2015

    U.S. activist hedge fund Elliott continued its public campaign against the proposed $8 billion merger of two Samsung Group companies on Friday, questioning the basis for the projected financial performance of the combined entity. Elliott, Samsung C&T Corp's third-largest shareholder with a 7.1 percent stake, published a 15-page presentation on a website laying out its case against Cheil Industries Inc's all-stock takeover offer, reiterating its opposition to the deal. "We find it significantly more troubling that, to date, no supporting analysis has been provided to substantiate the aggressive targets: sales of 60 trillion won ($54 billion) and operating profits of 4 trillion won by 2020," Elliott said in a statement. More »

  • Micron revenue forecast misses as PC chip prices remain low Thu, Jun 25, 2015

    Micron Technology Inc said it expects a further decline in prices of chips used in personal computers, and forecast revenue for the current quarter well below market estimates. Micron Technology makes both dynamic random access memory (DRAM) chips, used mostly in personal computers, and NAND memory chips for storing music, pictures and other data on smartphones, cameras and other mobile devices. The company said on Thursday it expects revenue of $3.45 billion-$3.7 billion, well below analysts' average expectation of $4.16 billion, according to Thomson Reuters I/B/E/S. "Part of the guidance miss is also because of NAND, it's not just DRAM," Summit Research analyst Srinivasan Sundararajan said. More »

  • No more fee: T-Mobile's new phone-upgrade program explained
    No more fee: T-Mobile's new phone-upgrade program explained Thu, Jun 25, 2015

    NEW YORK (AP) — T-Mobile is revamping its phone-upgrade program by eliminating a $10-a-month charge for the most popular phones. More »

  • Barnes & Noble reports sharp drop of Nook sales Thu, Jun 25, 2015

    Sales of Barnes & Noble's Nook devices and e-books plummeted during its most recent quarter, as did sales at its bookstores. In midday trading Thursday, shares slid 3 percent. Sales at its stores fell ... More »

  • T-Mobile sweetens phone-upgrade program, axes fee to join
    T-Mobile sweetens phone-upgrade program, axes fee to join Thu, Jun 25, 2015

    T-Mobile is revamping its phone-upgrade program by eliminating a $10-a-month charge for the most popular phones. The wireless carrier shattered longstanding industry practices two years ago by eliminating ... More »

  • Need to hit friends up for cash? There's an app for that
    Need to hit friends up for cash? There's an app for that Thu, Jun 25, 2015

    On a trip to Maine with four friends, Alexander Culbertson racked up $1,300 on gas, hotel rooms, food and drinks. But instead of splitting all of the weekend's activities evenly throughout the trip, one ... More »

  • Friend-to-friend payment apps are becoming popular Thu, Jun 25, 2015

    On a trip to Maine with four friends, Alexander Culbertson racked up $1300 on gas, hotel rooms, food and drinks. But instead of splitting all of the weekend's activities evenly throughout the trip, one ... More »

  • In Tech: Microsoft Office, Foursquare mayors, Amazon Echo
    In Tech: Microsoft Office, Foursquare mayors, Amazon Echo Thu, Jun 25, 2015

    Android phone owners can now use an updated version of Microsoft's Office tools for writing, spreadsheets and slideshows. More »

  • How to get your computer to shut up when it starts playing videos you don’t …
    How to get your computer to shut up when it starts playing videos you don’t … Wed, Jun 24, 2015

    Because sometimes you’ll need a bit of peace and quiet. More »