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Electronics News
July retail sales up 1.4 percent
YAHOO
Reuters - U.S. consumers spent heartily in July on goods ranging from cars to electronics as sales at retail stores rose a greater-than-expecte­d 1.4 percent, a government report on Friday showed, suggesting the economy still had spark.
Electronics News
July retail sales rise 1.4 percent
YAHOO
Reuters - U.S. consumers spent heartily in July on goods ranging from cars to electronics as sales at retail stores rose a greater-than-expecte­d 1.4 percent, a government report on Friday showed.
Electronics News
Investors eye data for rate hint
YAHOO
Reuters - Investors awaited upcoming U.S. jobs data on Friday for hints on future interest rate moves, leaving stocks generally higher, bonds weaker and the dollar steady.
Electronics News
KKR, Silver Lake appear to win Philips unit: WSJ
YAHOO
Reuters - Private equity firms Kohlberg Kravis Roberts & Co. and Silver Lake Partners appear to have won an auction for Philips Electronics NV's semiconductor division, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Electronics News
RadioShack names new CFO
YAHOO
Reuters - RadioShack Corp. said on Monday that former a Sears Holdings Corp executive, James Gooch, would join the electronics retailer as chief financial officer.
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Electronics News 'Da Vinci Code' Helps To Recover Sony's Losses
AHN
Sony Corp said strong sales of flat-panel televisions and the hit movie The Da Vinci Code helped it reverse a year-earlier loss in the June quarter to continue its turnaround. The Japanese electronics giant, undergoing major restructuring, reported a net profit of $ 278.3 million for the fiscal...
Sources: AHN
Electronics News Flextronics profits rise, above its forecast
YAHOO
Reuters - Flextronics International Ltd. , the No. 1 contract electronics manufacturer, on Tuesday reported quarterly results above its forecast, driven by growth in its core manufacturing business.
Sources: YAHOO
Electronics News RadioShack slides to 2Q loss from profit
YAHOO
AP - RadioShack Corp. said Friday it slid to a second-quarter loss from year-ago profit, as the electronics retailer posted restructuring and legal settlement costs, as well as lower sales of post-paid wireless products.
Sources: YAHOO
Electronics News RadioShack posts quarterly loss
YAHOO
Reuters - RadioShack Corp. on Friday reported a quarterly loss as the struggling consumer electronics chain was hurt by declining wireless sales at its company-operated stores and costs for its turnaround plan.
Sources: YAHOO
Electronics News Philips misses net forecast, but sales boom
YAHOO
Reuters - Dutch Philips Electronics missed analysts forecasts on Monday with second-quarter net profit depressed by price pressure in LCD displays, but sales and operating profit rose faster than expected and it announced a 1.5 billion euro ($1.90 billion) share buyback.
Sources: YAHOO
Electronics News Samsung and Siltronic Plan $1B Silicon Wafer Venture
AHN
Korean tech giant Samsung Electronics and Siltronic, a leading maker of silicon wafers and unit of German chemicals group Wacker Chemie, plan a joint venture to build a 300-milimeter wafer factory in Singapore. The partnership will be a 50-50 joint venture and named Siltronic Samsung Wafer Pte....
Sources: AHN
Electronics News Dutch group Philips to spin off chip unit
YAHOO
Reuters - Dutch group Philips Electronics said on Wednesday it will float or sell its semiconductors business by the end of the year, keeping only a minority stake.
Sources: YAHOO
Electronics News Best Buy quarterly profit up 38 percent
YAHOO
Reuters - Top U.S. consumer electronics retailer Best Buy Co. Inc. said on Tuesday quarterly profit jumped 38 percent, driven by new store openings and strong sales of expensive items, like flat-panel televisions.
Sources: YAHOO
Electronics News Jabil Circuit cuts third-quarter profit forecast
YAHOO
Reuters - Electronics design company Jabil Circuit Inc. late on Monday cut its third-quarter earnings forecast, excluding special items, but projected quarterly revenue in line with its earlier projections.
Sources: YAHOO
Electronics News Google sees more partnerships, not major mergers
YAHOO
Reuters - Google Inc. believes that big-name partnerships instead of major merger deals remain the best way to expand its customer base, executives of the Web search leader said on Wednesday.
Sources: YAHOO
Electronics News Google sees more partnerships, not major mergers
YAHOO
Reuters - Google Inc. believes that big-name partnerships instead of major merger deals remain the best way to expand its customer base, executives of the Web search leader reiterated on Wednesday.
Sources: YAHOO
Electronics News XM shares drop on reduced growth forecast
YAHOO
AP - XM Satellite Radio Holdings Inc. lowered its forecast for full-year subscriber growth and revenue on Wednesday, citing "overall softness" of retail sales for satellite radios in the second quarter and product availability problems. The company's shares tumbled 11 percent.
Sources: YAHOO
Electronics News Samsung sees Q2 LCD prices down 10 pct vs. Q1: source
YAHOO
Reuters - Samsung Electronics Co. Ltd. (005930.KS) expects prices of liquid crystal display (LCD) panels to fall about 10 percent in the second quarter from the previous quarter, a company source said on Tuesday.
Sources: YAHOO
Electronics News GameStop profit rises with merger
YAHOO
Reuters - GameStop Corp. , the biggest U.S. video game retailer, on Thursday said its quarterly profit rose, boosted by sales of Xbox hardware and its $1.4 billion merger with Electronics Boutique.
Sources: YAHOO
Electronics News Circuit City says 1st-qtr sales strong
YAHOO
Reuters - Circuit City Stores Inc. on Wednesday said sales in its current quarter have "continued to be very strong," as the retailer benefits from what it calls a strong electronics product cycle.
Sources: YAHOO
Electronics News Samsung Electronics expects stronger chip demand
YAHOO
Reuters - Samsung Electronics Co. Ltd. (005930.KS), the world's top maker of memory chips, expects stronger demand for computer memory chips in the second half of this year and sees NAND flash memory chip prices strengthening.
Sources: YAHOO
Electronics News Best Buy to get majority stake in China's Five Star
YAHOO
AFP - US electronics retailer Best Buy said it agreed to acquire a majority interest in Jiangsu Five Star Appliance Company, China's fourth-largest appliance and electronics retailer.
Sources: YAHOO
Electronics News Best Buy to Buy Stake in Jiangsu Five Star
YAHOO
AP - Consumer electronics retailer Best Buy Co. Inc. announced Friday that it will purchase a majority stake in Jiangsu Five Star Appliance Co. Ltd., China's fourth-largest appliance and electronics retailer, for $180 million.
Sources: YAHOO
Electronics News Best Buy In Bid To Purchase Control Of A Chinese Retailer
AHN
Best Buy is spending $180 million to buy control of one of China’s largest appliance and consumer electronics retailers. Jiangsu Five Star Appliance, China’s fourth largest appliance retailer, has 136 stores in eight Chinese...
Sources: AHN
Electronics News Best Buy to buy majority stake in China retailer
YAHOO
Reuters - Consumer electronics retailer Best Buy Co. Inc. said on Friday it would acquire a majority stake in a Chinese appliance retailer for $180 million.
Sources: YAHOO
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