Webwire: LGE seeks smartphone funds; US accuses Russia, China of cyber-spying
LG Electronics investors are unhappy with the firm’s plan to launch a 1 trillion Won (€650 million) rights issue later this month. The vendor aims to raise cash to maintain investment in its struggling smartphone business.
A US intelligence agency claims China and Russia are the main threats in cyber-espionage, which has overtaken traditional spying in terms of the level of threat.
Apple refuses to comment on reports of outages on its Siri voice activated control system.
Daily deals website Groupon has priced its IPO at a higher than expected $20 (€14.46) per share, in a deal which values the firm at $12.65 billion.
Microprocessor maker AMD plans to cut 10% of its workforce and introduce other streamlining initiatives, in a bid to shave around $200 million (€144 million) from its operating expenses.
Professional social networking site LinkedIn swung to a $1.6 million (€1.1 million) loss in the third quarter from a $3.96 million profit a year earlier, as operating costs doubled.