Apple Inc. withdrew a concept that would allow iPhone users to encrypt backups of their devices on Apple’s iCloud service, as the FBI lodged compliant saying the plan might hinder investigations, sources familiar with the matter said. The iPhone maker hadn’t outlined its swap done more than two years ago....
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Pegatron Corp. plans to initiate production in Vietnam. The company is seeking to create its presence in Southeast Asian regions as efforts push its boundaries beyond China, said sources familiar with the matter. The Taiwanese electronics manufacturing company is searching for a site in the north to form a new...
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McDermott International Inc. will file for bankruptcy as it is not capable of holding the leaping burden of debts. The Texas-based company hauled more than $4 billion of debt load, people familiar with the matter said. The multinational engineering and construction company, which builds oil platforms and gas plants for...
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Japan Display Inc. will supply OLED displays for Apple’s Watch model by the year-end, sources familiar with the matter said. The technology joint venture is out of cash, but a substantial order from Apple is said to be a chance to headway the company. The supply would prompt the company...
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Ferrari has launched a luxury hybrid car model that will strike city streets with a commendable speed of 340 km per hour. The car is designed to be freewheeled with electric power. The car has a 1000 horsepower engine which has evolved from Formula One. The latest hybrid sports car...
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