Social distancing has been good for Samsung so far. But the company's prospects depend on the state of the global economy after it emerges from shutdown. On Tuesday, the world's largest maker of memory chips and smartphones delivered better-than-expected preliminary results for last quarter: sales up 5% from a year earlier, operating profit up 3%.
By Alexander Osipovich, Avantika Chilkoti and Frances Yoon. Stocks fell Wednesday after President Trump issued a stark new warning on the spread of the novel coronavirus, putting investors on edge about the damage that the pandemic could inflict on the world's largest economy. The Dow Jones Industrial Average dropped 974 points, or 4.4%, in afternoon trading, a day after the index closed out its worst quarter since 1987. The S&P 500 fell 4.4%, while the Nasdaq Composite was also...
By Alexander Osipovich, Avantika Chilkoti and Frances Yoon. Stocks fell Wednesday after President Trump issued a stark new warning on the spread of the novel coronavirus, putting investors on edge about the damage that the pandemic could inflict on the world's largest economy. The Dow Jones Industrial Average dropped 1,076 points, or 4.9%, in afternoon trading, a day after the index closed out its worst quarter since 1987. The S&P 500 fell 5.1%, while the Nasdaq Composite was down...
According to the International Data Corporation Worldwide Quarterly Enterprise Storage Systems Tracker, global spending on enterprise external OEM storage systems declined 0.1% year over year to $7.9 billion during the fourth quarter of 2019.
Document Security Systems, Inc. (DSS), a leader in anti-counterfeit, authentication and diversion protection technologies, today announced that its Digital Smart Card -- or Digital ID -- platform serving the Government and Identification marketplace, will be introduced at the connect:ID Expo in Washington, D.C. on March 11 and 12, 2020.
DALLAS, March 5, 2020 Neighbor.com, the self-storage marketplace disruptor, launched today across the Dallas-Fort Worth metro, creating a sustainable alternative to traditional self-storage that enables local residents to rent out extra space in their homes to their neighbors.
AMBLER, Pa., March 2, 2020 Bradford White Corporation, an industry-leading manufacturer of commercial, residential and industrial water heating and storage applications, publicly affirmed its ongoing commitment to America's skilled blue-collar workers in a White House ceremony in January.
Leading Chinese innovator expands Avanci marketplace to 38 patent owners Avanci announced that OPPO has joined its licensing platform, bringing the number of patent owners on the platform to 38, including several Chinese companies. Kasim Alfalahi, founder and chief executive officer of Avanci, said: We are delighted to welcome OPPO, a smartphone industry leader, to the Avanci platform.
Box Inc (BOX) reported better-than-expected quarterly revenue on Wednesday as it signed on more customers for its online software products that allow companies to manage and store content. Box competes with DropBox Inc (BOX) for a share of the file storage market that has seen a sharp rise in demand for cloud services to share and store files, especially in the workplace.
Investors around the world retreated from stocks and piled into haven assets including government bonds and gold, reflecting escalating worries that the coronavirus will disrupt the global economy. The Dow Jones Industrial Average dropped more than 1,000 points-- its biggest point decline in more than two years; the yield on the benchmark 10- year Treasury note approached a record low; and gold prices climbed for the eighth straight session to a seven-year high.
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