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Samsung Note 7

Samsung CEO says firm must learn from Note 7 crisis

Samsung Electronics Co Ltd Chief Executive Kwon Oh-Hyun on Tuesday said the South Korean tech giant must improve, as it reels from the costly withdrawal of its Galaxy Note 7 smartphone. Without referring directly to the failure of the fire-prone Note 7s, Kwon said in a statement Samsung employees should look back and ask whether they had been complacent in their work. "We have a long history of overcoming crises," Kwon said. "Let us use this crisis as a chance to make another leap by re-examining and thoroughly…

Apple stock hits highest since December on Samsung Note 7 fire crisis

SAN FRANCISCO: Apple Inc's (AAPL.O) stock on Monday jumped 2.3 per cent , reaching a high not seen since December, after rival Samsung Electronics Co Ltd (005930.KS) suspended production of its flagship Galaxy Note 7 smartphones following reports of fires in replacement devices. Fires in the smartphones that were meant to replace devices that had been recalled because of their propensity to explode could be a disaster for Samsung and a potential boon to Apple. Apple's stock was up $2.66 at $116.72 in afternoon trading and…