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SEOUL, July 27 (Reuters) – Samsung Electronics’ (005930.KS) mobile chief said Samsung is “going in the right direction” in China, the world’s largest mobile market, as it seeks to raise its lagging market share by boosting premium offerings and ties with local content firms. Third-party data shows the world’s largest smartphone maker is making small… Continue reading Untitled
Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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July 26 (Reuters) – Meta Platforms (META.O) forecast third-quarter revenue above market expectations on Wednesday, sending shares up on signs that the improving economic environment will boost ad spending. The company expects July-September revenue in the range of $32 billion to $34.5 billion, compared with analysts’ average estimate of $31.30 billion, according to Refinitiv data.… Continue reading Untitled
Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Lam Research forecasts strong quarterly revenue on AI boom
July 26 (Reuters) – Chip-making tools supplier Lam Research (LRCX.O) forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled by rising adoption of artificial intelligence (AI) technology. Shares of the company rose about 2% in trading after the bell. Businesses across sectors have been racing to… Continue reading Lam Research forecasts strong quarterly revenue on AI boom
Legalcategory
– Steptoe & Johnson hired 35 people from Stroock & Stroock & Lavan, which has seen a string of exits this year as it pursues a potential merger. – A shareholder of a Chinese software company, China AI Capital tried to ‘harass’ DLA Piper with a failed $180 million legal malpractice lawsuit and therefore deserves… Continue reading Legalcategory
U.S. urges appeals court to lift curbs on social media contacts
July 26 (Reuters) – The Biden administration has asked a federal appeals court to lift an order sharply curbing government officials’ communications with social media companies as a lawsuit accusing U.S. officials of seeking to censor certain views about COVID-19 and other topics online makes its way through the courts. In a filing Tuesday evening… Continue reading U.S. urges appeals court to lift curbs on social media contacts
US lawmakers struggle to find deal on self-driving cars
WASHINGTON, July 26 (Reuters) – Congress still faces serious hurdles to winning approval for long-stalled legislation to speed the adoption of self-driving cars. “China is currently moving ahead with ambitious plans to lead the development and deployment of this technology,” said House Energy and Commerce Committee chair Cathy McMorris Rodgers at a hearing Wednesday. “We… Continue reading US lawmakers struggle to find deal on self-driving cars
Worldcategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source