China’s ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

BEIJING (Reuters) – China’s ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington’s ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.

FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo

The report also said ZTE is hopeful that the United States and China will be able to soon reach a deal ...

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Mobile Giants: Please Don’t Share the Where

Your mobile phone is giving away your approximate location all day long. This isn’t exactly a secret: It has to share this data with your mobile provider constantly to provide better call quality and to route any emergency 911 calls straight to your location. But now, the major mobile providers in the United States — AT&T, Sprint, T-Mobile and Verizon — are selling this location information to third party companies — in real time — without your consent or a ...

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Drawing the Future of Shopping With Michael Rubin

Drawing the Future

Ep.4

The Kynetic CEO and 76ers co-owner says if stores are going to survive they should differentiate

By Wall Street Journal staff

Goodbye, brick and mortar? The Kynetic CEO and 76ers co-owner Michael Rubin predicts the future of retail will mean far fewer stores, and that we’ll rely heavily on our ...

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Sony in $2.3 billion deal for EMI, becomes world’s biggest music publisher

TOKYO (Reuters) – Sony Corp (6758.T) said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world’s largest music publisher in an industry that has found new life on the back of streaming services.

Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida attends a news conference on their business plan at the company’s headquarters in Tokyo, Japan May 22, 2018. REUTERS/Toru Hanai

The acquisition ...

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