Search Results for: non-banking financial companies

Samsung Galaxy Note 7 mass recall after reports of device exploding while charging

Samsungs mass recall of the Galaxy Note 7 smartphones worldwide over faulty batteries may cut the Korean companys 2016 second-half operating profit by about 820bn won ($738m, £554m) as per an analyst report. Another report says the total cost borne the company could well amount to $1bn. The company announced a global recall of the recently launched Note 7 smartphone last week after receiving close to 35 official complaints of malfunctioning most of which were related to batteries that caught fire while being charged. Sep 8, 2016

Theresa May: A running commentary on EU talks would not be right

UK Prime Minister Theresa May ruled out giving a running commentary on Brexit negotiations with the EU, she told MPs at Prime Minsters Questions on 7 September. The Prime Minster was assertive on the stance after Brexit Secretary David Davis suggested the UK staying in the single market was improbable. Downing Street was quick to state Davis had been making a personal view rather than a government statement. Sep 7, 2016
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