. 24/7 Space News .
INTERNET SPACE
Expanded Samsung Note 7 recall ordered in US
by Staff Writers
Washington (AFP) Oct 13, 2016


Verizon says massive Yahoo hack could impact deal
Washington (AFP) Oct 13, 2016 - Verizon said Thursday the massive breach affecting 500 million Yahoo customers could have a "material" effect on the $4.8 billion deal to acquire key assets of the Internet group.

The comments from Verizon general counsel Craig Silliman suggest the US telecom giant could seek to reduce the purchase price or walk away from the deal.

"I think we have a reasonable basis to believe right now that the impact is material and we're looking to Yahoo to demonstrate to us the full impact." Silliman told a group of reporters.

"If they believe that it's not then they'll need to show us that."

The use of the term "material" by Verizon would suggest a substantive change in the value of Yahoo that was not previously known, which could allow the telecom group to lower its offer or scrap the deal.

Yahoo last month announced the hack in late 2014 affecting some 500 million users worldwide, a fresh blow to the faded internet star. It said the attack was likely "state sponsored," although some analysts questioned the source.

Responding to the Verizon comments, a Yahoo spokesman said in an emailed statement: "We are confident in Yahoo's value and we continue to work towards integration with Verizon."

Yahoo agreed in July to sell its core assets to Verizon for $4.8 billion, ending a 20-year run as an independent company for the internet pioneer.

The deal would separate the Yahoo internet assets from its more valuable stake in Chinese online giant Alibaba.

Yahoo has made several attempts to refocus after falling behind Google and Facebook in key segments of online advertising.

Amazon seeking 120,000 seasonal workers
San Francisco (AFP) Oct 13, 2016 - US online giant Amazon on Thursday announced that it plans to hire 120,000 seasonal workers to help handle an expected crush of holiday shopping.

The Seattle-based internet retail colossus takes such measures every year, but its recruitment goal for this Christmas season represent a 20 percent jump from 2015.

Amazon turned 14,000 of those temporary positions from last year into regular full-time jobs, and hoped to increase that number this time around, according to vice president of global customer fulfillment Mike Roth.

"This is our favorite time of year," Roth said.

"We're excited to bring on more than 120,000 seasonal employees this year to support growing customer demand."

Amazon is not the only retailer to beef up its forces during the year-end holiday shopping season, but seemed more optimistic about demand than some traditional players who plan to keep seasonal hiring unchanged or even lower than last year.

Macy's is hiring 83,000 holiday workers as compared to 85,000 last season. Target increased the number of holiday delivery and shipping related jobs by 1,000 to a total of 7,500, but hiring in retail shops will remain the same as last year -- 70,000 positions.

Shipping service UPS plans to take on 95,000 seasonal workers to meet holiday demands for deliveries.

The US National Retail Federation estimated that spending by US shoppers during the holiday months of November and December could reach $655.8 billion in a 3.6 percent increase year-over-year.

The NRF expected online sales to surge seven to 10 percent to as much as $117 billion.

The research firm eMarketer is projecting a stronger 17 percent jump in online holiday retail sales.

An expanded US recall was ordered Thursday for Samsung Galaxy Note 7 smartphones, including replacements for the devices plagued by exploding batteries.

The Consumer Product Safety Commission announcement, formalizing the action announced by the South Korean giant, said the recall affects 1.9 million handsets, including the one million announced in a September 15 recall.

"Consumers should immediately stop using and power down all Galaxy Note 7 devices, including Note 7 devices received as replacements in the previous recall," the agency said in a statement.

Samsung announced earlier this week it would recall all the Note 7 handsets worldwide, including replacements, and halt production of the flagship device in a massive blow to the world's biggest smartphone maker.

The company recalled some 2.5 million Note 7s in 10 markets following complaints that its lithium-ion battery exploded while charging, and then had to expand that as reports emerged of replacement phones also catching fire

The company said in a separate statement from its US headquarters Thursday it would offer a $100 credit to customers who want to exchange the Note 7 for a different Samsung device.

"We appreciate the patience of our consumers, carrier and retail partners for carrying the burden during these challenging times," said Tim Baxter, president and chief operating officer, Samsung Electronics America.

"We are committed to doing everything we can to make this right."

Samsung said it was working with the CPSC, carriers and retailers to get customers to return the affected handsets.

Taiwan's TSMC sees profit boost from iPhone 7
Taipei (AFP) Oct 13, 2016 - Apple's new iPhone 7 series gave Taiwan microchip giant Taiwan Semiconductor Manufacturing Co (TSMC) a boost Thursday as the firm announced profits were up by almost a third compared with last year.

The company was also set to benefit from the demise of Samsung's Galaxy Note 7, analysts said, after the South Korean smartphone giant had to halt production after handsets caught fire.

TSMC -- the world's biggest contract microchip maker by revenue -- posted a 28.4 percent year-on-year profit of Tw$96.76 billion ($3,06 billion) in the three months to September.

That was also up 33.4 percent from the second quarter.

Third-quarter revenue rose 22.5 percent on-year and 17.4 percent on-quarter, respectively, to Tw$260.41 billion, beating the company's own forecasts of Tw$254-$257 billion.

"This strong growth was driven by our major customers' new mobile product launch and a stronger-than-seasonal growth from our other customers," said co-chief executive Mark Liu.

TSMC has never officially confirmed it is an Apple chip supplier but industry watchers said the company produced the A10 chip for the iPhone 7 series that went on sale in September.

Apple has reportedly ordered at least 72 million units of the iPhone 7 series from its Taiwanese suppliers, a significantly higher figure than the 65 million previously predicted by some analysts.

Samsung's Note 7 woes also came into play -- and could further help TSMC's performance in the fourth quarter.

"TSMC's third quarter performance surpassed expectations as sales for iPhone 7 were better than expected while Samsung's Note 7 recall crisis also affected it," said Mason Li of Taishin Securities Investment Advisory Co.

Li estimated that up to five million additional iPhone series units will be sold in the current quarter as Samsung Note 7 users switch to new smartphones.

"TSMC has a chance to set a record for its fourth quarter earnings in the Note 7 aftermath," he said.

Samsung started to recall millions of its Galaxy Note 7 smartphones in early September after several devices exploded or caught fire. The company said Tuesday it was scrapping production of Note 7, following reports that replacements for combustible models were also catching fire.

Looking ahead, TSMC forecast fourth-quarter revenue to be around Tw$255-$258, saying demand for high-end smartphones would continue to improve.

It also estimated overall 10 percent revenue growth for 2016.

TSMC had seen its profits slip in the first six months as it vied with regional rivals such as Samsung and Chinese firms for a greater share of a weakening smartphone and electronics market.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
INTERNET SPACE
Apple to open second research centre in China
Beijing (AFP) Oct 12, 2016
Apple will open its second research and development centre in China in the southern city of Shenzhen, the US technology giant said Wednesday, as it seeks to improve sales in the crucial market. California-based Apple announced in August a similar facility would be built in Beijing. Situated close to the border with Hong Kong "Shenzhen is an incredibly dynamic city... we are impatient to ... read more


INTERNET SPACE
Exploration Team Shoots for the Moon with Water-Propelled Satellite

Space tourists eye $150mln Soyuz lunar flyby

Roscosmos to spend $7.5Mln studying issues of manned lunar missions

Lockheed Martin, NASA Ink Deal for SkyFire Infrared Lunar Discovery Satellite

INTERNET SPACE
Schiaparelli readied for Mars landing

Opportunity at First Science Spot of its 10th Extended Mission

NASA's Opportunity Rover to Explore Mars Gully

Visitors to Mars could develop dementia from cosmic ray exposure

INTERNET SPACE
NASA begins tests to qualify Orion parachutes for mission with crew

New Zealand government open-minded on space collaboration

Growing Interest: Students Plant Seeds to Help NASA Farm in Space

Students team up with NASA for space coms and navigation

INTERNET SPACE
Closing windows on Shenzhou 11

From nothing to glory in six decades - China's space program

Beijing exhibition means plenty of "space" for everyone

Space for Shenzhou 11

INTERNET SPACE
Automating sample testing thanks to space

Orbital CRS-5 launching hot and bright science to space

Roscosmos Sets New Date for Soyuz MS-02 Launch to Orbital Station

Japan Schedules Cargo Transporter Launch to ISS for December 9

INTERNET SPACE
Orbital ATK and Stratolaunch partner to offer competitive launch opportunities

Trusted Ariane 5 lays foundations for Ariane 6

ULA gets $860 million contract modification for expendable launch vehicle

Ariane 5 reaches the launch zone for Arianespace's October 4 liftoff

INTERNET SPACE
TESS will provide exoplanet targets for years to come

The death of a planet nursery?

Protoplanetary Disk Around a Young Star Exhibits Spiral Structure

New Low-Mass Objects Could Help Refine Planetary Evolution

INTERNET SPACE
Novel 3-in-1 'Rheo-Raman' microscope enables interconnected studies of soft materials

French-Japanese laboratory to study materials under extreme conditions

Technique mass-produces uniform, multilayered particles

A breakthrough in the study of how things break, bend and deform









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.