BEIJING, Sept 13 Reuters China has not issued a ban on the purchase and use of foreign phone brands, the Chinese foreign ministry said on Wednesday, in response to media reports that said some government agencies and firms had told staff to stop using Apple39;s iPhones at work. China has not issued laws, regulations or […]

NEW YORK, Reuters Chip designer Arm Holdings Plc secured a 54.5 billion valuation in its U.S. initial public offering IPO on Wednesday, seven years after its owner SoftBank Group Corp took the company private for 32 billion. The IPO represents a climbdown from the 64 billion valuation at which SoftBank last month acquired the 25 stake it did not already […]

BEIJING, Reuters China39;s Huawei Technologies inked on Wednesday a global patent crosslicensing deal with Xiaomi Inc, according to a statement from Huawei. The deal covers communication technologies including 5G, it said, and marks the resolution of a patent licensing dispute between the two firms. Local Chinese media reported in March that Huawei was suing Xiaomi for […]

Reuters Trucking firm Estes Express has submitted a revised stalking horse bid worth 1.525 billion in cash for bankrupt Yellow Corp39;s shipment centers, according to a bankruptcy court filing on Wednesday. Yellow said Estes39; new bid is the best and superior to Old Dominion Freight Line Inc39;s 1.5 billion August stalking horse bid. Privately held Estes […]