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LG takes over British fuel cell firm

LG takes over British fuel cell firm

LG Group has a reputation for being passive and tentative in merger and acquisitions (M&As). It remains to be seen whether the company’s acquisition of a well-known British fuel cell firm is an exception to this or a sign of previously-unseen ambition. LG announced Thursday that it has acquired 51 percent of Rolls-Royce Fuel Cell […]

Samsung SDS inks health care deal in US

Samsung SDS inks health care deal in US

Samsung SDS announced Thursday that it has struck a 10-year contract with CHRISTUS Health, a major hospital network in the United States. Upon the agreement, the Samsung Group affiliate will sell its electronic medical record (EMR) solutions to CHRISTUS Health. CHRISTUS Health is an international Catholic, faith-based, not-for-profit health system comprising almost 350 services and […]

Apple wins ruling for Tab sale ban

Apple wins ruling for Tab sale ban

A U.S. judge ordered Samsung to stop selling its Galaxy 10.1 tablet computer in America Wednesday (KST), issuing a preliminary injunction in a ruling on Apple’s patent lawsuit. The ruling came a week after the Korean firm won a ruling for the first time against Apple in the Netherlands. Judge Lucy H. Koh of the […]

Kakao Talk launches new cyber money

Kakao Talk, Korea’s largest mobile messenger service provider, said Wednesday it plans to launch its own cyber currency called Choco on Thursday. Subscribers will be able to buy and charge Choco which can be used to buy emoticons at the firm’s app store. Ten Choco will cost 1,000 won, the company said. “Our users have […]

Fastest 10 million seller?

Fastest 10 million seller?

Samsung chief touts Galaxy S3 The head of Samsung Electronics’ handset division said Monday that the Galaxy S3 will become the fastest 10 million seller in the company’s history, expecting that it will see better results in the second quarter despite a worsening business environment. However, he denied allegations that an S3 exploded after over-heating […]

Dutch court rules for Samsung in patent dispute with Apple

Samsung Electronics said Thursday it will seek compensation from Apple after the Hague District Court in the Netherlands ruled in its favor regarding a 3G technology patent infringement. “The court orders that the defendant pay Samsung for the damages it suffered since August 4, 2010 as the result of an infringement on (patent) EP 269,” […]

Samsung SDI strikes energy deal in Germany

Samsung SDI strikes energy deal in Germany

Samsung SDI, said Wednesday that it signed a memorandum of understanding (MOU) with German-based KACO for the cooperation of mutually-interested businesses and to supply SDI’s fine-tuned energy storage system (ESS) solutions. The agreement came during SDI’s CEO Park Sang Jin’s participation of an industry forum in Munich, Germany. Under the MOU, Samsung SDI will supply […]

M&A frenzy

M&A frenzy

SK hynix takes over US LAMD to bolster NAND flash business SK hynix has been in the limelight in the global M&A market after taking over two foreign companies in the past month, a move seen as SK Group’s attempt to foster the chipmaker as its growth engine. The bold move is in line with […]

Chinese space and sea explorers unleash national pride

Chinese space and sea explorers unleash national pride

BEIJING, June 19 (Xinhua) — Two groups of Chinese explorers have drawn a huge amount of public attention and unleashed national pride in the country’s online community with scientific feats stretching from the faraway heavens to the depths of the sea. One group set a new national record of 6,965 meters for a deep-sea dive […]

China’s manned submersible reaches 6,965 meters under sea

China’s manned submersible reaches 6,965 meters under sea

ABOARD XIANGYANGHONG 09, June 19 (Xinhua) — China’s manned deep-sea submersible, the Jiaolong, reached a depth of 6,965 meters below sea level on Tuesday during its second dive into the Mariana Trench, surpassing a fresh national record set earlier in the day. The vessel sat on the sea bed and started working at that depth. […]

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