Webwire: iPhone 4S catches fire; Tepco to sell KDDI stake

Staff writer
29 Nov 2011
00:00
News
Daily News

iPhone 4S catches fire on Australian flight

An iPhone 4S has caught fire and partly melted on an Australian regional flight, and had to be put out with a fire extinguisher.

Herald Sun

Tepco to sell entire KDDI stake for $2.4b

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.

BusinessWeek

HTC investors worry over price drop

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.

Reuters

ST-Ericsson appoints new CEO

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.

Bloomberg

HTC warned to pull all 3G devices from Germany

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.

The Inquirer

Huawei staff strike

Huawei is negotiating with a workers union in Algeria, after local staff walked out in protest at administrative changes.

Bloomberg

Yandex acquires SPB Software

Mobile software developer SPB Software is now under the ownership of Russian search engine Yandex, which is seeking to boost its wireless business.

Wall Street Journal

Sony aims to profit from medical kit

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.

Bloomberg

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