NEW DELHI: Samsung Electronics Co Ltd is expanding its online-only smartphone range, a senior company executive said on Thursday, as the South Korean tech giant hopes to win over new customers in India’s festive season sales. Samsung will launch the new India-made Galaxy F range of smartphones at Walmart Inc-controlled online retailer Flipkart on Oct. … Read more
HONG KONG—Chinese state media took turns denouncing a White House-approved plan to turn TikTok into a U.S.-based company, casting more doubt over the fate of the Chinese-owned short-video app that needs nods from both Beijing and Washington to avoid a ban in the U.S. Over the weekend, TikTok appeared to narrowly avoid having to shut … Read more
A White House-approved plan to transform TikTok into a U.S.-based company would keep the operation of the viral short-video app, and likely the algorithm that has powered its rise, in Chinese hands. This structure improves the deal’s chances of finding favor in Beijing, which had threatened to veto a sale. President Trump said Saturday he … Read more
President Donald Trump said Saturday he had approved a deal allowing Silicon Valley giant Oracle to become the data partner for TikTok to avert a shutdown of the massively popular Chinese-owned video app that Washington has called a security risk. The deal, announced by the companies, also includes Walmart as a commercial partner and would … Read more
Aug. 28, 2020 — A salmonella outbreak linked to recalled peaches from Prima Wawona and Wawona Packing Co. LLC has now sickened 78 people in 12 states, the U.S. Centers for Disease Control and Prevention said in an update Thursday. It said that 23 people have been hospitalized, but no deaths have been reported. Prima … Read more
Walmart Inc posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes amid the COVID-19 pandemic. The near-doubling of online sales also helped the biggest U.S. retailer to beat estimates for same-store sales in the second quarter. Sales … Read more
The retailer plans to unveil Walmart+ in July, a $98 per year service that includes same-day delivery, fuel discounts and other perks, according to Recode. Introduction of the service was pushed back from the spring because of the pandemic and it’s unclear if it will initially launch nationally. If Walmart+ enjoys just a fraction of … Read more
U.S. stocks fell on Tuesday, adding to losses into the close, as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further. Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its … Read more