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Philips discloses conflict with US over defibrillators; Q4 earnings miss estimates

By Toby Sterling AMSTERDAM (Reuters) - Medical equipment maker Philips on Tuesday disclosed a conflict with the U.S. government over defibrillators it sold in 2015 and before, along with fourth-quarter earnings in which it missed analysts' estimates. Philips repeated its medium-term financial targets of 4 percent to 6 percent average comparable sales growth and a 1 percent improvement in adjusted EBITA margin per year despite the defibrillator matter, which it said was civil, not criminal, in nature and would "have a significant impact" on that business.

Most Asian markets gain even as Trump pulls out of Trans-Pacific Partnership

Most Asian markets gain even as Trump pulls out of Trans-Pacific PartnershipMost Asian stock market indices were trading higher on Tuesday (24 January), with the Shanghai Composite up 0.10% at 3,139.80 as of 4am GMT, despite Donald Trump pulling out of the 12-nation Trans-Pacific Partnership (TPP). On Monday, the 45th president of the US, signed an executive order to withdraw the US from the TPP, a trade agreement the world's biggest economy had with 11 Pacific Rim countries. The move was not a surprise as it was one of the promises made by Trump during his campaign.


Samsung's earnings more than double on record chip profits

In this Monday, Jan. 23, 2017 photo, a visitor tries out a Samsung Electronics Galaxy S7 Edge smartphone at its shop in Seoul, South Korea. Samsung Electronics said on Tuesday, Jan. 24, its fourth quarter earnings more than doubled over a year earlier thanks to its brisk chip business. (AP Photo/Ahn Young-joon)SEOUL, South Korea (AP) ? Samsung Electronics said Tuesday that its fourth-quarter profit more than doubled over a year earlier thanks to record-high earnings from its brisk memory chip business and strong smartphone sales, despite costly Galaxy Note 7 recalls.


Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

A photo illustration shows a Yahoo logo on smartphone in front of a displayed cyber code and keyboardYahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts. The Securities and Exchange Commission has opened a probe into whether Yahoo's data breaches should have been disclosed sooner to investors, the Wall Street Journal reported on Monday.


Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

A photo illustration shows a Yahoo logo on smartphone in front of a displayed cyber code and keyboardYahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion (3.85 billion pounds) Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts. The Securities and Exchange Commission has opened a probe into whether Yahoo's data breaches should have been disclosed sooner to investors, the Wall Street Journal reported on Monday.


Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

A photo illustration shows a Yahoo logo on smartphone in front of a displayed cyber code and keyboardYahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts. The Securities and Exchange Commission has opened a probe into whether Yahoo's data breaches should have been disclosed sooner to investors, the Wall Street Journal reported on Monday.


Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

A photo illustration shows a Yahoo logo on smartphone in front of a displayed cyber code and keyboardThe $4.8 billion Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts. The Securities and Exchange Commission has opened a probe into whether Yahoo's data breaches should have been disclosed sooner to investors, the Wall Street Journal reported on Monday. Yahoo said Monday that it has spent approximately $10 million related to a 2014 security breach announced in September and a 2013 breach announced in December.


Snapchat is making a big move in this European country

Snapchat is making a big move in this European countrySnap is getting serious about growing as a global news network. Snapchat launched its first localized Discover channel in Norway with VG , the most widely read online newspaper in the country, the companies announced Monday. SEE ALSO: What kind of Snapchatter are you? Snapchat and Discover aren't brand-new to Norway. What's changed is that Snapchat users in the country now have access to an exclusive, localized channel. That comes along with new content guidelines for publishers and a mobile redesign Monday, all ahead of its expected initial public offering later this year. Why Norway? It's an area of highly active users, according to Snap. The company declined to share exact numbers in the region. Snapchat has more than 50 million daily active Snapchat users in Europe overall. ?Norway has been a highly engaged community of Snapchatters from the early days and we?re thrilled to partner with VG ? a highly respected publisher ? to bring Norwegians daily news coverage that?s relevant to their lives," Nick Bell, Snap?s VP of content, said in an emailed statement to Mashable . Image: snapchat VG will publish a daily edition at 7 a.m. local time. For its first edition, it included video ads from DNB, Tine and Bama. Snapchat has editions that are distributed globally to all 150 million daily active users. The app also offers exclusive editions in the United States ( Complex , Wall Street Journal , iHeartRadio), the United Kingdom (Sky News, Cosmo UK , Tastemade UK), and Australia (Fox Sports Au, ESPN Au, News Corp AU). Snapchat cut local stories ? 24/7, city-based feeds ? from the app in September 2015. Snap hasn't given up on local news, but instead, the partnership hands off the curation and ad sales to a vetted publisher. BONUS: Watch the first surgery recorded with Snapchat Spectacles


 

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