Made in China: Samsung farms out more phones to fend off rivals

SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronics, which shut its last in-house Chinese smartphone factory in October, is quietly moving production of […]

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Ezzo Sausage Co. recalls 25,000 pounds of pizza toppings over listeria contamination

Closeup of a piece of pepperoni pizza. Italian pizza. close up. (Photo: GANNAMARTYSHEVA, Getty Images/iStockphoto) The pizza topping brand Ezzo Sausage Co. is recalling 25,115 pounds of meat following a test that found listeria monocytogenes contamination, according to the Department of Agriculture’s Food and Safety Inspection Service.   The ready-to-eat meats included sliced pepperoni, chopped pepperoni and sausage. The recalled products were made on Oct. 29 and 30. Some […]

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Nintendo moves closer to China Switch launch after nod for first game sale

BEIJING (Reuters) – China granted approval for Nintendo Co (7974.T) to sell its first Switch console game in the country, a regulator announced, drawing closer the official launch of the hybrid home-portable device in the world’s biggest game market. The State Administration of Press, Publication, Radio, Film and Television announced on its website on Tuesday approval for the Japanese gaming […]

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U.S. judge urges parties to wisely use Purdue opioid settlement funds

(Reuters) – A U.S. bankruptcy judge on Thursday urged parties that will benefit from a proposed settlement with OxyContin maker Purdue Pharma LP to focus on addressing the opioid addiction crisis and avoid battling over the deal’s billions of dollars. The outline of a proposed settlement that Purdue values at more than $10 billion was filed in the U.S. Bankruptcy […]

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U.S., Chinese trade deputy talks to start on Thursday

WASHINGTON (Reuters) – Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war. A USTR spokesman did not offer any further details about the deputy-level talks. Earlier on Monday, U.S. Chamber of Commerce Chief Executive Tom […]

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Facebook failed to warn users of known risks before 2018 breach: court filing

(Reuters) – Facebook (FB.O) users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed. Single sign-on connects users to third-party social apps and services using their Facebook credentials. The lawsuit, which […]

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UK watchdog warns of perils of unregulated cryptocurrencies

LONDON (Reuters) – Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections, but added that such coins fall outside the scope of its powers. The Financial Conduct Authority said crypto markets were highly dysfunctional, with the onus on consumers to understand the risks associated with investing in unregulated assets. […]

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Merck quarterly profit beats on strong demand for Keytruda, vaccines

(Reuters) – Merck & Co Inc (MRK.N) posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, powered by strong demand for its vaccines and cancer immunotherapy Keytruda. Keytruda holds a lead as a first-line treatment for advanced lung cancer, the most lucrative oncology market, ahead of Bristol-Myers Squibb Co’s (BMY.N) Opdivo and other rival treatments from […]

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