Tag: considers

Report: LG considers shutting down mobile division after sale talks fall through

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There have been a string of reports that LG is quitting the smartphone business or at least scaling it back. So far, each has been followed by the company denying such claims. Korean publication dongA adds another such report (citing an industry insider) and it sounds like the worst case scenario is the likely outcome.…

Facebook -3.4% as FTC considers injunction

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The FTC is considering a preliminary injunction against Facebook (NASDAQ:FB) due to antitrust concerns with its product interactions, according to WSJ sources. If the action happens, it will focus on FB’s policies about integrating its apps or allowing them to work with rivals. Facebook shares are down 3.4% to $195.48.