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Business

Samsung warning; SoftBank and WeWork; Carlos Ghosn speaks in public

The South Korean company blamed the sharp drop on "lackluster demand" for its memory chips and "intensifying competition" in the smartphone industry The guidance comes after Apple (AAPL) warned last week it will sell fewer iPhones than previously expected, mainly due to an economic slowdown in China. Samsung, the world's largest smartphone maker, has not mentioned China in its earnings …

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"Text Voting" was canceled by the California Utility Panel after the FCC's decision

The California Public Services Commission withdrew from the agenda for its January meeting, setting a vote on a tax on text messaging. This step comes after the Federal Communications Commission in Washington announced that text messaging was an "information service" rather than a telecommunication service and was therefore not subject to an additional fee under California law "Prior to this …

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