News highlights for 5 January
REUTERS/Arnd Wiegmann
What goes up…bitcoin value plunges 20%
LONDON (Reuters) – A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China’s yuan rose sharply – further evidence of an intriguing inverse relationship between the pair. Read more…
Gartner to buy CEB to expand business services
(Reuters) – IT research and advisory company Gartner Inc said on Thursday it would buy CEB Inc, a provider of business research and analysis, in a cash-and-stock deal valued at $2.6 billion to expand its business services. Read more…
Strong chip sales and smartphone rebound mean Samsung profits leap
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years, beating expectations on strong chip sales and a smartphone rebound. Read more…
Mobile losses and weaker appliance sales mean the opposite for LG
SEOUL (Reuters) – South Korea’s LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales. Read more…
Federal Trade Commission sues D-Link over weak security
WASHINGTON/BOSTON (Reuters) – The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, accusing the Taiwan-based manufacturer of failing to take reasonable steps to protect its routers and internet-linked security cameras from hackers. Read more…
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