Webwire: iPhone 4S catches fire; Tepco to sell KDDI stake
November 29, 2011
An iPhone 4S has caught fire and partly melted on an Australian regional flight, and had to be put out with a fire extinguisher.
Tokyo Electric Power Co (Tepco) will sell its 8% stake in KDDI for around 186.3 billion yen ($2.39 billion) – representing an accounting loss of 35.1 billion yen - in its biggest disposal to date aimed at raising money to pay compensation for the Fukushima disaster.
HTC’s financial chief Winston Yung says rapid declines in the firm’s share price don’t mean it is becoming the next Nokia. However investors are worried about the rate of change in the vendor’s strategy.
Chipmaker joint venture ST-Ericsson has appointed Didier Lamouche as its new CEO to lead the company's turnaround efforts. This marks ST-Ericsson's third CEO appointment since 2009.
Patent licensing firm Ipcom has threatened further legal action against HTC unless it stops selling all of its 3G devices in Germany, after HTC withdrew plans to appeal against a court ruling that it was infringing on an Ipcom 3G patent.
Huawei is negotiating with a workers union in Algeria, after local staff walked out in protest at administrative changes.
Mobile software developer SPB Software is now under the ownership of Russian search engine Yandex, which is seeking to boost its wireless business.
Sony EVP Hiroshi Yoshioka says the firm plans to increase sales of medical equipment screens and other non-consumer products in a bid to return to profitability.
2017 will be another year of major change in the retail payments industry