Sat, Apr 19, 2014 - Page 15 News List

World Business Quick Take

Agencies

SMARTPHONES

Galaxy 5 security foiled

A Berlin-based researcher said he has managed to fool the fingerprint-based security system on Samsung Electronics Co’s new Galaxy S5 smartphone using wood glue and a picture of the original print. Ben Schlabs, who works for Security Research Labs, said the trick is identical to the one hackers used to unlock Apple Inc’s iPhone 5s last year. The S5 flaw is potentially more serious, because Schlabs said he was also able to trick the electronic payment app PayPal, which uses Samsung’s fingerprint authentication. Schlabs said users concerned about security can choose to use a strong password instead of the convenient but flawed fingerprint system.

CHINA

Real-estate hikes pause

China’s new-home price increases eased across the country last month amid tighter credit that prompted developers to give discounts. Home prices from the first-tier cities to those less affluent all weakened last month, according to the National Bureau of Statistics. Prices in Beijing rose 10 percent from a year earlier, the slowest since April last year, while those in Shanghai added 13 percent, the smallest since June. Prices rose in 56 cities last month from a month earlier, compared with 57 in February, data showed.

TECHNOLOGY

Nokia recalls tablet chargers

Nokia on Thursday recalled 30,000 chargers for its Lumia 2520 tablet due to risk it could give customers an electric shock. The AC-300 charger, manufactured by a third-party supplier, was sold in Austria, Britain, Denmark, Finland, Germany, Russia, Switzerland and the US. The Lumia 2520 is the first tablet by Nokia. “The plastic cover of the charger’s exchangeable plug could come loose and separate,” the Finnish company said in a statement. “If loose and separated, certain internal components pose a hazard of an electric shock if touched while the plug remains in a live socket.”

MANUFACTURING

GE posts Q1 results

General Electric Co’s (GE) new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, due to the sale of NBC Universal during that period. The company said on Thursday that its industrial divisions, especially oil and gas, performed well and that the global economic environment was improving. The company earned US$3 billion on revenue of US$34.18 billion in the year’s first three months, down from US$3.5 billion on revenue of US$34.94 billion during the same period last year. On a per share basis, GE earned US$0.30.

AUTOMAKERS

GM sold 2.42m cars in Q1

General Motors Co (GM) said it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race. The Detroit automaker said its sales grew 2 percent worldwide from January through March. The company was led by 13 percent growth in China. However, sales fell 2 percent in North America. Sales leader Toyota has yet to release first-quarter numbers, but said it is on the way to selling 10.1 million vehicles this year. Volkswagen said it sold 2.4 million vehicles in the first quarter, up almost 6 percent. Toyota finished first last year with a record 9.98 million sales. GM finished second and Volkswagen third.

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