Samsung Elec’s mobile woes drag on profit growth

July 30, 2018@10:37 PM TFP Editor 0

Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday due in part to weak sales of its Galaxy S9 smartphones, and warned of tougher competition ahead for the struggling mobile sector. Read on Reuters

Asian shares slip on tech rout, focus shifts to BOJ

July 30, 2018@7:45 PM TFP Editor 0

Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan’s rate review, at which it could flag a shift away from its massive monetary stimulus. Read on Reuters

CBS CEO Moonves survives board meeting amid misconduct probe

July 30, 2018@5:41 PM TFP Editor 0

CBS Corp’s board left Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter, the company said in a statement. Read on Reuters