Tag Archives: sees

Corning Sees Smartphone Glass Sales Decline Seeping Into Current Quarter

Corning on Tuesday reported a drop in sales at its screen glass unit for the first time in at least four quarters, and said it expects the weakness to spill into the current quarter, adding to growing market jitters about demand for high-end smartphones. Shares of the specialty glass maker, whose Gorilla glass became the screen of choice for… Read More »

Twitter ‘Free Speech’ Case Sees Judge Suggest Trump Should Mute, Not Block

HIGHLIGHTS Seven people had filed the lawsuit after Trump blocked them Trump’s tweets are seen by millions and draw thousands of comments It was not clear whether Trump himself would agree to the suggestion A New York judge sought to avoid a testy tech-age free-speech showdown between Donald Trump and people blocked from his Twitter account Thursday, proposing the president just mute… Read More »

Huawei Sees Annual Smartphone Shipments Slowing With Focus on Profits Over Volumes

China’s Huawei Technologies forecast smartphone shipments of 140 million-150 million this year, a sharp slowdown in annual growth as the world’s third-largest smartphone maker chases profits instead of volumes by selling more high-end phones. Shenzhen-based Huawei’s profit growth has been under pressure with its low margin smartphone business facing strong competition at home and abroad, forcing Huawei earlier this year… Read More »

Marmite owner Unilever sees no merit in Kraft takeover

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever… Read More »

U.N. Sees Record Spike in Civilian Children Killed in Afghanistan

The number of civilians killed in Afghanistan rose to record-setting levels in 2016 — including a 25 percent surge in child victims — the United Nations said Monday. An increase in attacks perpetrated by ISIS-affiliated groups and a near-doubling in the number of Afghans killed by airstrikes were blamed for the rise. “The killing and maiming of thousands… Read More »

EU Brexit chief sees special care for financial service ties

The European Union’s Brexit negotiator Michel Barnier said on Saturday that the EU will demand “special vigilance” before letting British financial firms access the bloc because of the large risk London could pose to the EU’s financial stability. Responding to a report in the Guardian which said he had told EU lawmakers that he wanted a special deal… Read More »

Exclusive: Venezuela’s PDVSA sees 2017 oil output stuck near historic lows – document

Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country. Cash-squeezed PDVSA, which accounts for nearly all of Venezuela’s export revenues and is the socialist government’s financial motor, saw production tumble by nearly 10 percent in 2016 due to… Read More »

Sainsbury’s sees tougher end to year after first-half profit falls

British supermarket Sainsbury’s (SBRY.L) warned that higher staff wages and its price battle with rivals would mean a tougher second half after first-half profit fell by 10 percent. Sainsbury’s is a distant second behind market leader Tesco (TSCO.L) in a retail sector which has been shaken by the rise of German discounters Aldi and Lidl. Seeking to expand… Read More »

Tesla sees jump in car deliveries

US electric carmaker Tesla, which has yet to make a profit, has reported a sharp rise in car deliveries for the past quarter. The firm said it shipped 24,500 cars in the third quarter, up 70% on the second quarter and more than double the number delivered in the same period in 2015. It also confirmed its 50,000… Read More »

Dixons Carphone sales beat forecasts, sees no Brexit impact

Dixons Carphone, Britain’s biggest consumer electricals and mobile phone retailer, beat forecasts on Thursday with a 4 percent rise in quarterly sales and said it had seen no impact from the vote to leave the European Union in June. The company, which trades as Currys, PC World and Carphone Warehouse in the UK and Ireland, Elkjop and El… Read More »