Weekend: Chance of Precipitation: Fri: 0% / Sat: 0% / Sun: 0%.
In China, Apple's focus pays off while Samsung feels squeeze
The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Apple Inc's latest quarterly results showed sales of its high-end phones in China grew at nearly twice the pace analysts had expected. Meanwhile, budget offerings from Chinese firms won at the cheaper end, effectively squeezing industry leader Samsung Electronics Co Ltd .
Google under fire from regulators over response to EU privacy ruling
By Julia Fioretti BRUSSELS (Reuters) - Google's handling of "right to be forgotten" requests from European citizens will come under fire from the continent's privacy watchdogs on Thursday, after the search engine restricted the removal of Internet links to European sites only. European data protection authorities are meeting representatives of Google, Microsoft, which operates the Bing search engine, and Yahoo to discuss the implementation of the landmark ruling from Europe's top court upholding people's right to request that outdated links be removed from Internet search results. European Union privacy watchdogs have several concerns on the way the ruling, which has pitted privacy advocates against free speech defenders, is being implemented, particularly by Google, according to a person familiar with the matter.
ECB says website hacked, no sensitive data affected
The European Central Bank said on Thursday its website had been hacked and some email addresses and other contact information stolen but insisted no market-sensitive data were affected. The hackers broke into a database storing details of people who had registered for ECB conferences, visits and other events, the bank said. "No internal systems or market sensitive data were compromised," the ECB said in a statement. The ECB is currently running a particularly sensitive review of the euro zone's top lenders, collecting streams of data to gauge whether banks have valued loans and other assets correctly, before it starts supervising them.
Swatch Group denies working with Apple on smartwatch
Swiss watchmaker Swatch Group has denied a media report saying it was working with technology company Apple on a smartwatch, a wearable device with interactive functions. Technology website VentureBeat said in a report on Wednesday Apple was working with "at least one partner, Swatch" on a smartwatch project, citing an unnamed source. A spokeswoman for Swatch Group said on Thursday the report was unfounded. She said the only business relationship Swatch Group had with mobile phone makers was as a supplier of integrated circuits and other electronic components.
Nokia's fortunes brighten on heavy network spending
By Sakari Suoninen and Jussi Rosendahl HELSINKI (Reuters) - Nokia surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic. The Finnish company sold its once-dominant phone business to Microsoft in April, leaving it more reliant on a mobile network equipment business that shrank by 8 percent in the April-to-June quarter. Much of the decline was due to foreign currency fluctuations and divestments and Nokia said it expected network sales to return to growth in the second half of the year after a period in which the company sought to exit unprofitable contracts. The company raised its profitability estimate for networks, saying its operating margin this year would be at or slightly above the high end of a long-term target of 5 to 10 percent.Thu, 24 Jul 2014 06:40:03 -0400