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Samsung’s chip, screen sales to drive Q4 profit to 3-year high -analysts

SEOUL (Reuters) – Samsung Electronics Co Ltd is likely to forecast its best quarterly profit in nearly three years on Friday, analysts said, with robust memory chip sales easing the pain of the costly failure of a flagship smartphone. Source
Posted On 04 Jan 2017

Intel to take stake in German mapping firm HERE in automated driving push

FRANKFURT (Reuters) – U.S. chip maker Intel will take a 15 percent stake in German digital mapping firm HERE, it said on Tuesday, as it seeks to build its presence in automated driving technology. Source
Posted On 04 Jan 2017

Maersk, Alibaba team up to offer online booking of ship places

SHANGHAI (Reuters) – Maersk, the world’s largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms. Source
Posted On 04 Jan 2017

Samsung Electronics in talks with LG Display for LCD panel supply: Yonhap

SEOUL (Reuters) – Samsung Electronics Co Ltd is in talks with South Korea’s LG Display Co Ltd about a potential liquid crystal display (LCD) panel supply deal for televisions, South Korea’s Yonhap News Agency reported on Wednesday. Source
Posted On 04 Jan 2017

Faraday Future unveils electric vehicle in Las Vegas to kick off CES

LAS VEGAS (Reuters) – Electric vehicle start-up Faraday Future showed off in Las Vegas on Tuesday a prototype of a vehicle set for production next year as the China-backed company strives to win credibility in the crowded sector and weather its funding challenges. Source
Posted On 04 Jan 2017

Alibaba, in new tack, sues two vendors who it says sold fake watches

HONG KONG (Reuters) – China’s Alibaba Group Holding Ltd has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform, its first legal action against counterfeiters amid persistent allegations that fake goods are widely available on its...
Posted On 04 Jan 2017

Amazon doubles deliveries in 2016 for third-party sellers

(Reuters) – Inc shipped 50 percent more items this holiday season than last for third-party vendors and doubled the amount for 2016 overall, the retail giant said on Wednesday. Source
Posted On 04 Jan 2017

Health Care Sector Update for 01/03/2017: AGN, ITEK, JNJ, PFE, ABT, MRK, AMGN

Top Health Care stocks Top Health Care stocks JNJ 0 2 JNJ 0 2 PFE 0 5 PFE 0 5 ABT 2 2 ABT 2 2 MRK 0 03 MRK 0 03 AMGN 0 6 AMGN 0 6 Health care shares were mostly higher in pre market trade Tuesday Health care shares were mostly higher in pre market trade Tuesday In Source
Posted On 04 Jan 2017

Hitting the 2017 Ground Running: GM, TWTR, ADP

Tuesday January 3 2017 If you re like me you re looking forward to renewed market and economic economy activity to kick off this new year All that s been speculated upon especially since November 8th s election will finally find its place somewhere in reality And econ reports get...
Posted On 04 Jan 2017

Stock Market News for January 03, 2017

Benchmarks closed in the red on the final trading session of 2016 after investors indulged in profit taking Major indexes registered their third consecutive session of declines for the first time since Nov 4 Additionally Apple s shares fell following reports that the tech giant...
Posted On 04 Jan 2017