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    Latest Tech News

    LG Display reports record fourth quarter profit of $778 million -

    A man walks out of the headquarters of LG Display in SeoulSEOUL (Reuters) - South Korea's LG Display Co Ltd said on Tuesday its fourth-quarter operating profit rose 180 percent from a year earlier in its largest quarterly profit ever, due to a pickup in panel prices. The world's biggest liquid crystal display maker said October-December operating profit was 904.3 billion won ($778.33 million), beating a Thomson Reuters StarMine SmartEstimate of 845 billion won drawn from a survey of 27 analysts. Revenue for the quarter rose 18 percent from a year earlier to 7.9 trillion won, LG said. (Reporting by Joyce Lee; Editing by Chris Reese)

    Mon, 23 Jan 2017 17:53:11 -0500
    'Net neutrality' foe Ajit Pai is new FCC head -

    'Net neutrality' foe Ajit Pai is new FCC headPresident Donald Trump has picked a fierce critic of the Obama-era "net neutrality" rules to be chief regulator of the nation's airwaves and internet connections. In a statement Monday, Ajit ...

    Mon, 23 Jan 2017 17:51:34 -0500
    Nest rehires its old CTO back after her brief run at Apple -

    Nest rehires its old CTO back after her brief run at AppleAfter just seven months at Apple, robotics expert Yoky Matsuoka is rejoining Alphabet’s Nest as its chief technology officer. Matsuoka left Nest back in 2015 from her position as vice president of technology to join Twitter, only to decline the job to focus on overcoming her life-threatening illness. At Nest, Matsuoka will use her robotics background to define roadmaps for the engineering and product teams, according to Bloomberg.

    Mon, 23 Jan 2017 17:49:18 -0500
    This is what happens when Apple finds underage workers in its factories - One of the most difficult things to square as a consumer is the knowledge that not everyone who worked to produce your clothes, your food and your electronics wouldn't be old enough to work if they lived in the United States. There are of course oversights at factories all over the world, but even the biggest companies can't catch everything. Thankfully, some are willing to take action when they find children in their factories. Over the weekend, a Redditor with the handle Illegal_sal shared a link to Apple's Labor and Human Rights page on the company's Supplier Responsibility subsite. On that page, Apple explains what happens when it discovers that child labor laws have been violated at a factory building its devices: "We do not tolerate underage labor in our supply chain. If we find underage workers in our suppliers’ factories, we make the suppliers return the children to their homes, pay for their education at a school of their family’s choice, and continue to provide income for basic needs until they reach the legal working age. We also enlist a third-party organization to monitor the children’s progress and report back to us. After they complete their education, suppliers must offer them reemployment. In 2015, we found three cases of underage labor — and we will continue to look for it." When Quartz looked into this program several years ago, it discovered that the participation rate for underage workers who were given the opportunity to participate in Apple's free education program in 2011 was around 34%. While that is certainly a discouraging number, it's nice to see that the pressure labor activists have put on Apple over the past several years has forced the company to take a more active approach. Mon, 23 Jan 2017 17:47:53 -0500
    LG Display says 2016 profit $1.1 billion, down 19 percent on year -

    An LG Electronics' logo is pictured on a TV displayed at a shop in SeoulSEOUL (Reuters) - South Korea's LG Display Co Ltd said on Tuesday its 2016 operating profit fell 19 percent from a year earlier. The world's biggest liquid crystal display maker said its operating profit last year was 1.3 trillion won ($1.12 billion). In the October-December quarter, LG Display made an operating profit of about 904 billion won, according to Reuters calculations. (Reporting by Joyce Lee; Editing by Chris Reese)

    Mon, 23 Jan 2017 17:19:51 -0500
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