Samsung Electronics Co has bought chipmaker CSR Plc's mobile phone connectivity and location technology for $310 million in a deal that strengthens the South Korean company's smartphone platform and patent portfolio. CSR's chief executive Joep van Beurden said the British firm's Bluetooth, WiFi and location technology was cutting edge, but it was losing ground in
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Goldman Sachs Group Inc's quarterly profit fell 12% as investment income plunged, reflecting the pressure the bank faces as demand for its services remains tepid and regulators clamp down on bank risk-taking. In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include
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Shares of Facebook Inc fell about 1% on Tuesday, extending the previous day's losses after an investment analyst reported a decline in U.S. users for the No. 1 social network. Capstone analyst Rory Maher said he used proprietary software to track user numbers by country over the past six months across more than 200 countries
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Israeli Prime Minister Benjamin Netanyahu's main political partner pulled out of his grand coalition on Tuesday, accusing him of surrendering to ultra-Orthodox Jews in a battle over military conscription. Netanyahu will remain in office for the foreseeable future, still in control of a majority in parliament despite the decision by the centrist Kadima party to
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Shares in security giant G4S slid further on Tuesday as widespread criticism of its Olympic debacle set the tone ahead of an appearance by its chief executive before what is expected to be a hostile parliamentary committee at midday. G4S, which has ignited a political storm in Britain that raises questions over the government's approach
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FIFA President Sepp Blatter set out to mend his relationship with Germany on Tuesday by clarifying comments which appeared to suggest the country could have “"bought" the right to host the 2006 World Cup. The 76-year-old Swiss wrote a letter to Bild newspaper, explaining that what he was trying to say in an interview published
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A large fire broke out in a 42-storey tower block in central Istanbul on Tuesday, sending thick smoke billowing into the air, though there were no immediate reports on casualties. Live images on Turkish television showed the building, which is made up of residential apartments and offices, engulfed in black smoke with debris falling to
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Greece sold 1.625 billion euros ($1.99 billion) of 3-month T-bills on Tuesday, with the yield slightly falling from a previous auction in June, the PDMA debt agency said. The sale's bid-cover ratio was 2.12, down from 2.19 in the June 19 auction. Greece paid a yield of 4.28%, down from 4.31% in the previous auction,
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Asian shares surged and the euro recovered on Tuesday as investors covered short positions and hunted for bargains while awaiting U.S. Federal Reserve Chairman Ben Bernanke's view on the U.S. economy expected later in the day. European stocks were likely to rise, tracking Asia and a 0.5% increase in U.S. stock futures that pointed to
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Greece's fourth-largest lender Piraeus Bank said it was interested in cash-strapped rival ATEbank, as the country's battered banking sector moves to consolidate to weather a debilitating debt crisis. Piraeus is the first bank to confirm it is a potential suitor for state-controlled ATEbank, which is also expected to garner interest from other major lenders including
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