Latest Global Business News

BD Qualcomm hit with record fine by antitrust regulator

 
Korea's Fair Trade Commission has dished out its largest fine to-date... to U.S. chipmaker Qualcomm for what it called.... the company's "monopolistic" business practices.
 
The fine amounts to more than eight-hundred-50 million U.S. dollars.
 
The commission says Qualcomm abused its dominant position.... as the holder of standard-essential patents... by forcing mobile phone makers - like Samsung and LG - to share *their patent rights for free... and driving other chipset makers out of business... on unfair contracts.
 
The FTC also ordered Qualcomm to revise its business model.
 
Qualcomm has vowed to challenge the decision in court,... calling it "inconsistent with the facts and the law".
 
The San Diego-based firm... is also being probed in the United States and Europe,... and had reached a settlement with Chinese regulators... last year.
 
qualcomm fined record amount in korea
 

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Business

AIIB annual meeting wraps up
AIIB annual meeting wraps up

  The Asian Infrastructure Investment Bank has wrapped up its second annual meetin [ ... ]

Read more la
U.S. Fed raises benchmark interest rate for third consecutive quarter
U.S. Fed raises benchmark interest rate for third consecutive quarter

  In a widely anticipated move,... the Federal Reserve has announced its second rate [ ... ]

Read more la
OECD projects gradual recovery for world economy
OECD projects gradual recovery for world economy

  The world economy is on the mend, according to the OECD, which released its bian [ ... ]

Read more la
Samsung takes 13% of global smartphone operating profit
Samsung takes 13% of global smartphone operating profit

  New data show the global smartphone market being winnowed down to just a couple of [ ... ]

Read more la
U.S. Federal Reserve eyes reversal of quantitative easing measures
U.S. Federal Reserve eyes reversal of quantitative easing measures

  The U.S. Federal Reserve is determined to reduce its bond holdings later this year [ ... ]

Read more la
Moody's downgrades China's credit rating from Aa3 to A1
Moody's downgrades China's credit rating from Aa3 to A1

  Credit ratings agency Moody's has downgraded China's credit rating from double-A-3 [ ... ]

Read more la
TPP countries agree to revive trade deal without U.S.
TPP countries agree to revive trade deal without U.S.

  Asia-Pacific trade ministers have agreed to explore options for continuing with th [ ... ]

Read more la
China pledges US$124 bil. for new Silk Road
China pledges US$124 bil. for new Silk Road

  China's President Xi Jinping has pledged to invest around 124 billion U.S. dollars [ ... ]

Read more la
New Korean President Moon Jae-in brings positive vibe to stock markets
New Korean President Moon Jae-in brings positive vibe to stock markets

  American shares closed lower on Thursday... as retail stocks plunged. Korean sh [ ... ]

Read more la
Federal Reserve keeps interest rates steady, hints at further hikes
Federal Reserve keeps interest rates steady, hints at further hikes

  The U.S. Federal Reserve is keeping its benchmark interest rate steady. But the [ ... ]

Read more la
Apple leads Nasdaq to new highs
Apple leads Nasdaq to new highs

  U.S. shares closed mostly higher on Monday, with the tech-heavy Nasdaq setting a [ ... ]

Read more la
G20 members reach 'consensus' protectionism damages global economy
G20 members reach 'consensus' protectionism damages global economy

  G20 member nations have reached a broad consensus that trade protectionism would b [ ... ]

Read more la
Singapore's economy grows by 2.5percent in Q1 2017
Singapore's economy grows by 2.5percent in Q1 2017

  13 April 2017 - Based on advance estimates[1], the Singapore economy grew by 2.5 per cent  [ ... ]

Read more la
Trump steps back from labeling China currency manipulator
Trump steps back from labeling China currency manipulator

  President Trump says... he will NOT label China a currency manipulator,... steppin [ ... ]

Read more la
Real estate investment surges as China announces new special economic zone
Real estate investment surges as China announces new special economic zone

  China is set to develop its third special economic zone.   The central gov [ ... ]

Read more la
China's imports to total US$8 trillion in five years: vice premier
China's imports to total US$8 trillion in five years: vice premier

  China says it's going to expand global trade and promote trade liberalization... [ ... ]

Read more la

La Latest

Over 130 killed by overturned tanker fire

  Over 130 killed by overturned tanker fire in Pakistan as villagers flock to the sc [ ... ]

Read more la
Landslide in China buries hundreds

  Landslide in the Chinese village of Xinmo buries hundreds of people.   R [ ... ]

Read more la
Johnny Depp jokes about killing Trump?

  Johnny Depp jokes about assassinating President Donald Trump during a speech at mu [ ... ]

Read more la
Policeman dance-off with kids in Belfast

  A policeman was caught on camera busting some dance moves with Ajendance Dance Com [ ... ]

Read more la
Revellers at Stonehenge for the summer solstice

  Approximately 13,000 people gathered to celebrate the Summer Solstice at Stoneheng [ ... ]

Read more la
International Yoga Day celebrated all over the world

  Millions around the world have been celebrating international yoga day.    [ ... ]

Read more la
Alligator bites man's hand as he wrestles it to the ground

  A 10-foot alligator threatening a farm in East Texas takes on a wrangler who tries [ ... ]

Read more la
Huge haul of Nazi artefacts found in Argentina

  Argentine authorities believe they have found the biggest collection of Nazi artef [ ... ]

Read more la

La Entertain

Edison Chen welcomes daughter Alaia Chen with wife Qin Shupei

Strongest player in Asia, Edison Chen, seems to have finally stopped playing... we think.... to sett [ ... ]

Read more la
Hannah Quinlivan gives birth to son for Jay Chou?

Hannah Quinlivan is heavily pregnant with Jay Chou's second baby - a baby son.   Media foreca [ ... ]

Read more la
Wallace Huo grows longer with Zhou Xun at Shanghai Film Festival 2017

At the opening of the Shanghai Film Festival on 17 Jun 2017, long-time-no-see Wallace Huo and co-sta [ ... ]

Read more la
Batman Adam West dies aged 88

  Actor Adam West best known for his leading role in the 1960's TV series Batman has [ ... ]

Read more la
Supermodel Mingxi underwear slips at Cannes 2017

Supermodel Mingxi (奚梦瑶, Xi Mengyao, 28) was at the opening of the Cannes Film Festival 2017 on [ ... ]

Read more la
Michelle Chen's son has bird head & long legs

Michelle Chen and husband Chen Xiao's baby son is now about 5 months old.   On 20 May 2017, M [ ... ]

Read more la
Zhao Liying loves kissing herself more than boyfriend?

Zanilia Zhao Liying receives a wax figure for herself in Beijing this week in May 2017 and greatly a [ ... ]

Read more la
Myolie Wu pregnant; more exciting than Alien Covenant

Myolie Wu (37) and husband Philip Lee recently discovers her pregnancy and is happy to share it with [ ... ]

Read more la