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S.Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in jail for bribery Businessmen were convicted in scandal that fell a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee …

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Samsung unveils new foldable smartphones, seeking keep lead in growing market

SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 …

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Gaming industry’s fortunes fade as spending squeeze follows pandemic bump

Aug 10 (Reuters) – Gaming companies are facing a slowdown in demand for video games from pandemic highs, raising doubts about their ability to weataher an economic downturn. Rising prices and a lack of hit titles have added to problems for video game publishers Activision Blizzard Inc (ATVI.O) and Electronic Arts (EA.O) that are also …

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Foxconn starts to feel sting of slowing smartphone sales

Q2 profit T$33.29 bln vs T$31.02 bln market view Q2 revenue rose 12% to T$1.5 trln Sees flat growth for consumer electronics in Q3 Sees strong growth for cloud and networking products in Q3 Says has plan B if authorities don’t approve China Tsinghua investment TAIPEI, Aug 10 (Reuters) – Apple (AAPL.O) iPhone assembler Foxconn …

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Chipmaker Micron tempers forecast as demand weakness deepens

Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, US, October 24, 2019. REUTERS/Stephen Nellis/File Photo Register now for FREE unlimited access to Reuters.com register Aug 9 (Reuters) – Memory-chip maker Micron Technology (MU.O) cut its current-quarter revenue forecast on Tuesday and warned of a negative …

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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com register Aug 6 (Reuters) – The slide in US stock prices …

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Tensions with US spur Chinese buying of chipmaking stocks

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com register SHANGHAI, Aug 5 (Reuters) – Chinese chipmakers’ shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi’s visit …

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Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its cart of smart home devices. Amazon will share $61 per share, valuing the Roomba-maker at a …

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S&P 500 flat as Apple, energy shares weigh

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 3, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Eli Lilly falls after cutting annual profit view Eyes on nonfarm payrolls report on Friday Indexes: Dow off 0.16%, S&P flat, …

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EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a …

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