Chinese police probe kickbacks by Foxconn managers

TAIPEI, Taiwan (AP) -- Hon Hai Precision, a leading maker of iPhones and other high-tech gadgets, has said it is working with Chinese police probing allegations that employees of its Foxconn unit solicited kickbacks from suppliers.Hon Hai said in a statement late Wednesday that it will "thoroughly investigate" the alleged kickback case and also review its procurement procedures to close any possible...

Read More..

Verizon, AT&T and T-Mobile all confirm upcoming BlackBerry 10 launches

Research In Motion’s (RIMM) next-generation smartphone platform has received all-important nods from three of the four major nationwide carriers in the United States. Following official endorsements from some international carriers, executives at Verizon Wireless (VZ), AT&T (T) and T-Mobile have each confirmed to Reuters that they will carry BlackBerry 10 devices some time after the new operating...

Read More..

Is BlackBerry back? Strong early BlackBerry 10 demand could signal RIM comeback

After hitting a rough patch that seemed to last for most of 2012, Research In Motion (RIMM) may finally see the light at the end of the tunnel. RIM plans to unveil the finished version of its next-generation BlackBerry 10 platform at a press conference on January 30th, and at least one new smartphone is expected to be revealed during the event. Generating interest in BlackBerry 10 within the crowded...

Read More..

Global shares, dollar down ahead of earnings, bonds rise

NEW YORK (Reuters) - Global shares fell and bond prices rose on Tuesday, with investors cautious ahead of a U.S. earnings season expected to show sluggish growth in quarterly corporate profits.The dollar and euro fell against the yen as investors booked profits in the aftermath of swift and significant gains, but looser Bank of Japan monetary policy should limit the yen's upside.The dollar was last...

Read More..

Alcoa sees brighter 2013, but remains cautious

(Reuters) - Alcoa Inc , the largest aluminum producer in the U.S., expressed cautious optimism that demand for the metal will continue to grow in 2013, helped in part by global growth in the aerospace and construction markets.The company posted a fourth-quarter profit on Tuesday, in line with Wall Street expectations, and handily beat expectations on revenue, helping calm investors' nerves after...

Read More..

Alcoa earnings as expected, revenue tops forecasts

NEW YORK (AP) -- Alcoa Inc. on Tuesday reported fourth-quarter earnings that met Wall Street's expectations, and the company said it expects slightly higher demand for aluminum this year.The sluggish global economy has weakened prices for aluminum used in everything from airplanes to soda cans.But Alcoa forecast demand growing 7 percent in 2013, up from a 6 percent gain in 2012. It sees the best...

Read More..

Golf-Rose, Dufner, Olazabal add more stardust to Qatar Masters

Jan 8 (Reuters) - Twice U.S. Masters champion Jose Maria Olazabal, Briton Justin Rose and American Jason Dufner will join several other big names at this month's Qatar Masters, organisers said on Tuesday.World number four Rose and ninth-ranked Dufner join former world number one Martin Kaymer and Ryder Cup teammates Sergio Garcia and Paul Lawrie, who announced on Monday they would play in the $2.5...

Read More..