Home > News & Features > Business News

Business News

Company releases, economic news, and business coverage.

Samsung: Batteries only problem with fire-prone Note 7s

SEOUL, Korea, Republic Of - Samsung Electronics said Monday that tests of more than 200,000 Galaxy Note 7 smartphones found defects in two sets of batteries from two different manufacturers that made the devices prone to catch fire.

Samsung's mobile division president, Koh Dong-jin, ruled out any problems with other aspects of the Note 7, either in its hardware or its software. He said Samsung would use what it learned from its investigations to improve lithium ion battery safety for the industry, though analysts questioned if the company had really gotten to the heart of the problem.

1 hour ago

Samsung: Batteries only problem with fire-prone Note 7s

SEOUL, Korea, Republic Of - Samsung Electronics said Monday that tests of more than 200,000 Galaxy Note 7 smartphones found defects in two sets of batteries from two different manufacturers that made the devices prone to catch fire.

Samsung's mobile division president, Koh Dong-jin, ruled out any problems with other aspects of the Note 7, either in its hardware or its software. He said Samsung would use what it learned from its investigations to improve lithium ion battery safety for the industry, though analysts questioned if the company had really gotten to the heart of the problem.

3 hours ago

Trudeau cabinet retreat to confront the reality of Trump's presidency

CALGARY - Prime Minister Justin Trudeau and his federal Liberal government will confront the reality of Donald Trump in the White House as his cabinet members gathered Sunday for a three-day retreat that is to include discussions with an adviser to the new president.

Up to now, Trudeau has had a relatively smooth ride guiding Canada's relations with the U.S., thanks to being so simpatico with Barack Obama natural allies on climate change, with a close personal relationship that oozed brotherly affection.

6 hours ago

Union asks PM to reject advice to relax anti-dumping duties on cheap US drywall

CALGARY - A union that represents workers in Canadian drywall factories is telling the prime minister a decision that could help the construction business might cost its members their jobs.

The International Brotherhood of Boilermakers have written Justin Trudeau asking that cabinet reject a trade tribunal's recommendation to relax anti-dumping duties that were imposed on imported U.S. drywall.

6 hours ago