Caught up in Panama
Apple’s favourite business partner appears to have caught up in an accusaion that it is following the fruity cargo cult’s habit of hiding income in off-shore operations.
Apple addiction causing a few problems
Foxconn saw its net profit fall as interest in it is key partner, Apple, falls.
Reduced the price
After much messing around, Foxconn has finally agreed to buy Sharp at a 20 per cent discount.
Foxconn expected to lower its offer
Sharp has warned that its annual earnings were likely to fall short of its official guidance citing a slowing China market just as Foxconn is expected to lower its offer for the loss-making Japanese display maker.
Writes $5.8 billion cheque
Sharp has accepted Foxconn's offer and will be acquired for $5.8 billion.
Wants a Sharp note before it goes flat
Foxconn is certain to pay more than $5 billion to get Sharp and its display business.
Fire is contained for now
Last night at Foxconn’s main manufacturing plant in Zhengzhou, east-central China, a large fire broke out spanning several floors of the building and prompting an emergency evacuation procedure.
Apple bubble bursting
The industry leaders who depended on Apple to continue making shedloads of money peddling similar products each year are suffering as Apple slashes production as people no longer want their main product – the iPhone 6s.
Outlook is cloudy
Foxconn and the Czech Republic-based KKCGare building a new datacente in Prague to cash in on the cloud.