Samsung Electronics to launch Galaxy Fold in September after screen problems

FILE PHOTO: The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co Ltd’s Unpacked event in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen Nellis SEOUL (Reuters) – Samsung Electronics Co Ltd’s (005930.KS) first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch […]

Caterpillar's earnings disappoint on weak China sales, higher costs

CHICAGO (Reuters) – Caterpillar Inc’s (CAT.N) earnings on Wednesday missed Wall Street’s estimates, hurt by a combination of weak sales in China, and higher production and restructuring costs, leading to a nearly 4% fall in its shares in premarket trade. The heavy equipment maker retained its 2019 earnings outlook, but said the full-year earnings are […]

Japan's Nissan to double global job cuts to over 10,000: source

TOKYO (Reuters) – Nissan Motor Co Ltd (7201.T) plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval. FILE PHOTO: A Nissan logo is pictured during the media […]

Snap user growth on a roll as new app clicks

(Reuters) – Snap Inc’s (SNAP.N) Snapchat on Tuesday added more users for a second straight quarter and beat analysts’ estimates for revenue, getting a boost from a better version of its Android app and the launch of a new augmented reality photo lenses. FILE PHOTO: A woman stands in front of the logo of Snap […]

Huawei's U.S. research arm slashes jobs as trade ban bites

SANTA CLARA, Calif./HONG KONG (Reuters) – China’s Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and the greater Seattle, Chicago and Dallas areas, said it cut more than 600 […]