Samsung Pay isn’t coming to the UK until 2017
Hold on a little longer.
Samsung announced that it would bring Samsung Pay to the UK this year, but it now looks like the launch will be pushed back to sometime next year. According to The Telegraph, the delay is due to ongoing negotiations between Samsung and local banks.
A Samsung spokesperson revealed to the publication that the service will debut next year:
Following successful launches of Samsung Pay around the world, we are planning to launch the service in the UK in 2017.
Android Pay is already available in the UK, but Samsung Pay also works with MST (Magnetic Secure Transmission), making the service compatible with regular magnetic readers. However, unlike the US, where a majority of POS machines rely on magnetic readers, the UK has transitioned to newer chip-based systems that support contactless payments several years ago. Even if MST isn’t as widely used in the country, Samsung’s regular promotions could make Samsung Pay an enticing option.
Google brings its soothing Featured Photos screensaver to Mac
The same slick screensaver that brightens up unused screens with popular Google+ photos on the Pixel, Chromecast and Google Fiber devices is now available to keep your Mac occupied as well. With the newly released Featured Photos screensaver, you can finally turn your Mac into a photography gallery featuring some of the most highly rated shots from Alphabet’s oft-overlooked social network.
According to Google, you’ll get a different photo on every screen connected to your Mac, so your ridiculous 5k monitor setup will be more like a posh gallery than a posh desktop work environment. The app only pulls from publicly shared, high-res photos that don’t feature people, so you can expect a lot of tranquil nature and soothing landscape photos. Google also helpfully includes the photographer’s username so you can track them down to check out more of their work.
If you’re on Android, Google’s earlier Wallpapers app will also let you set your phone to shuffle through the same set of popular photos on the home or lock screen. And if you’re a budding photographer trying to get your work in front of the thousands of screensaver users out there, you just need to follow these guidelines and then post a picture that gets a lot of +1s. If you find yourself short on Google+ friends, Google product manager Neil Inala wrote in his blog post that joining the company’s Google+ Create program will also give you a leg up.
MIT’s sensor network tracks your power-hungry appliances
You get a bill from your electricity provider every month laying out how much energy you used, but there’s no easy way to get a breakdown of which appliances suck down the most juice. But the US Navy has partnered with MIT scientists to design a cheap, portable sensor network that tracks the power drain of each of your domestic devices.
The system consists of five postage stamp-sized sensors placed above or near power lines coming into the house, which can pinpoint each light fixture or appliance based on its power use. It pipes that data to an app in real-time, allowing folks to see when their refrigerator goes into a defrost cycle, for example.
“There are already ways to monitor household energy use, but they involve hiring a licensed electrician or cutting through power lines or pipes to attach expensive, specialized equipment,” MIT engineering professor and head of the project Stephen Leeb said in a press release. “With our system, you can install non-contact sensors using zip ties or even velcro, and use signal processing to measure power consumption. It also could serve as a way to tell when equipment needs maintenance or replacement.”
Obviously, civilians would get a kick out of granular breakdowns in their electricity use every month. But the same power monitoring could allow remote forward military bases to manage their energy and fuel use to operate for longer periods. They could even be used on the water: Leeb is conducting tests on three US Coast Guard cutter ships, while his partner in the project, assistant professor at the U.S. Naval Academy John Donnal, will test the system on some of the school’s training ships.
Source: Phys.org
Delphi and MobilEye will demo their self-driving tech at CES
We’ll finally get a chance to see what MobilEye’s been up to since it split up with Tesla at CES 2017 in January. The company and its new partner Delphi will showcase their automated driving system called Centralized Sensing Localization and Planning (CSLP) at the yearly event in Las Vegas. They’re calling CSLP the “first turnkey, fully integrated automated driving solution with an industry-leading perception system and computing platform.” Their test vehicle will drive 6.3 miles of combined highway and urban roads to tackle various challenges drives face, including navigating tight city streets, looking out for pedestrians and cyclists, as well as merging on the highway.
According to the partners, their self-driving platform can pinpoints its location within 10 centimeters even without GPS and can navigate roads without lane markings. It can also detect pedestrians and even other cars from all angles. They plan to release the completed version of CSLP in 2019.
Delphi VP Glen De Vos said in a statement:
“Three factors will separate the leader from the pack in the race to offer driverless vehicles by 2019–best-in-class perception sensors such as cameras, radar and LiDAR, automotive experience and computer processing speed. We will demonstrate the capability of the CSLP solution in our intensive drive at CES2017 in Las Vegas.”
We’ll be in Vegas to cover the yearly tech convention and will let you know how the demo goes.
Source: Delphi
Panic Discontinuing ‘Status Board’ Data Visualization App
Panic, the famed developer behind apps like Coda and Transit, today announced that it is discontinuing its Status Board app for iPad. The app was released in early 2013 and was intended to help people easily view a variety of relevant data in a beautiful interface.
The developer says that sales weren’t enough to sustain further development, outlining three reasons for low sales. While Panic was hoping to find a sweet spot in between the pro and consumer markets, it found that the market for Status Board was almost entirely pros. Those pro users expected better integration with a wide variety of data sources but Panic wasn’t able to provide that with the limited resources the app generated. And finally, Panic says they were on the “wrong side of the overall ‘want a status board’ budget” as companies bought $3,000 displays to show off its $10 app.
The app will continue to work for those who have it installed with two caveats. Dropbox support will stop in June 2017 and the app’s weather service will end in late 2017. Panic is also urging customers who purchased Status Board in the past 30 days to contact them. While Apple does not provide a way for the company to do refunds directly, it will do what it can to help.
Finally, Panic notes that it’s not feasible for them to open source Status Board because it shares frameworks and code shared by its other apps.
Tags: Panic, Status Board
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Chromecast Audio review – CNET
The Good Google’s budget audio dongle pipes music to any stereo from the most popular streaming apps on your phone. It’s simple and works well, with direct compatibility for most major music services, and even more are supported via the Chrome browser plug-in and on the Android app. And did we mention it only costs $35, £30 or AU$49? It’s the easiest way to enable multiroom music in your house. The ability to feed 24-bit/96kHz music to an external digital analog converter will please audiophiles.
The Bad Some notable music services, including iTunes, Apple Music and Amazon Music, are not supported on iPhone and iPad. In analog sound quality it’s beaten by the Fon Gramofon (which costs twice2016-11-28 03:56 PM as much). You can’t use Google Cast devices as part of a multiroom environment.
The Bottom Line The ultra-affordable Google Chromecast Audio is one of the best music-streaming devices you can buy — especially if you’re an Android user.
In 2013, Google introduced the Chromecast
, a plug-and-play dongle designed to make streaming video from a mobile device to a TV easier. In 2015, the company followed up with Chromecast Audio, which bridged audio-streaming apps to legacy audio equipment equipped with an analog or optical input.
Google’s latest audio product, the Chromecast Audio, distills everything the company has learned about content streaming into a simple, affordable device the size of a York Peppermint Patty. And Sonos, the leader in wireless, streaming whole-home audio, has reason to worry. At $35, £30 or AU$49, Chromecast Audio capably fulfills its core promises at a very affordable price, especially now that the system now (also) supports voice control.
Chromecast Audio is capable of being partnered with Google Home — the company’s new smart speaker with built-in voice assistant — as well as Google Cast speakers from other companies. You can say “OK Google, cast [song] onto [speaker name]” to play music in multiple rooms simultaneously and from multiple devices. (Check out the full list of voice commands supported by Google Home). The Chromecast Audio is part of new breed of budget wireless music adapters that are making expensive devices such as the $350 Sonos Connect obsolete. While the multiroom market is still quite volatile, with plenty of contenders vying for dominance, Google’s cheap-as-chips device has the most potential to spark a revolution. In short, the Chromecast Audio is the new wireless audio streamer to beat.
Google Chromecast Audio
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Editors’ note: This review, originally published in 2015, has since been updated to reflect firmware updates featuring multiroom and 24/96 support, as well as the ability to incorporate multiple Google Cast speakers.
A tiny puck
View full gallery Sarah Tew/CNET
The Chromecast Audio looks like the product of an unholy marriage between a 7-inch record and a peewee hockey puck. It has “grooves” on one side and is smooth on the other, evoking a vinyl record and making for better performance on the ice, respectively. The device is simply tiny, at 2 inches in diameter and half an inch thick.
The puck has just two ports and ships with a cable to plug into each. The first is a hybrid 3.5mm/optical port and it’s partnered with a 5-inch Day-Glo-yellow 3.5mm analog cable — the same width as a standard headphone cable. The only other port on the Chromecast is a Micro-USB power port, and the device ships with a compatible cable and power adapter. It can also be powered by plugging it into any powered USB port in your system. Likewise, should you want to use the optical function, you’ll need a mini-Toslink adapter or cable (not included).
View full gallery Sarah Tew/CNET
You’ll set up the device using the Google Home app for iOS or Android. The main work involves giving your device a name and entering the credentials for your Wi-Fi network. Chromecast Audio supports 802.11ac Wi-Fi, and is compatible with both 2.4GHz and 5GHz bands. After setup, a Chromecast Audio user’s only reason to fire up the app is to find other compatible audio apps, group speakers or use the Stream Audio function (Android only).
One of the best features of Google Cast/Chromecast is multiroom support which makes it possible to group several speakers (including Google Cast speakers) via the Chromecast app together under one name. This feature lets you combine — for example — the living room, kitchen and study together for a group called “House Party”, and that would then appear as a single device you can cast to. You could make as many such groups involving different combinations of speakers as you wanted.
Be aware that while speakers with Google Cast technology exist — from LG, Sony and supposedly Denon — this is separate from Chromecast. We tested both a Sony receiver and LG Music Cast speaker, and neither speaker appeared within the Chromecast app. This means you can’t group Google Cast devices with Chromecast Audios as part of a multiroom setup, but you can still Cast to them all individually. Whether this will change in the future is anybody’s guess.
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Google Home is used to setup the Chromecast Audio
The Chromecast family
As of November 2016, Google has a next-generation video streamer, the Chromecast Ultra, which supports 4K and HDR streaming video. For $69, AU$99 or £69, Google says that the Chromecast Ultra will deliver better image quality than the current $35 Chromecast (which remains available), streaming 4K from Netflix, YouTube and Vudu at launch and from Google’s own Play TV and Movies store later this year.
Of course, to get the benefits of 4K or HDR (in either format) you’ll need a compatible TV. You’ll also need to be watching a 4K and/or HDR TV stream, which are still restricted to a just a few shows, videos and movies. Such higher-quality streams require good bandwidth — 15 megabits per second or higher for Netflix, for example — and you’ll need to subscribe to Netflix’s $12/£9/AU$15 monthly plan to get access.
Be aware that “Chromecast” is now Google’s name for its own streaming devices while “Google Cast” only applies to the technology when used by third-party devices from Sony, LG, Onkyo and so on. Both types of speakers are controlled by the Google Home app, and can be combined with the Google Home speaker. Clear as mud? Good.
Using Chromecast Audio
Google has learned from previous failed experiments like the Nexus Q amp/streamer that simplicity is king. Chromecast Audio doesn’t try to power speakers or lock you into Google’s own apps, such as Google Music. Instead, the company is working with third-party developers to add Google’s “cast” technology to their existing apps. These partnerships allow you to use Chromecast Audio to play music on your stereo straight from the Spotify app (to use just one example).
How to set up Chromecast Audio
Get started with Google’s new Chromecast Audio, a device that lets any speaker stream music over Wi-Fi.
by Lexy Savvides
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Once Chromecast Audio is set up, using the device is easy. Open up the audio app you normally use to listen to music — again, sticking with Spotify — and tap the little “cast” icon, which looks like a TV with a Wi-Fi signal on the lower left. Up pops a menu showing a list of devices you can stream to, including the Chromecast Audio you just set up. Select it and you’ll hear a little series of beeps to let you know a stream is incoming, followed by your music — which should sound a lot better coming from your home audio speakers than from the tiny speaker on your phone.
With the app you can also stream the same music to more than one Chromecast Audio in your home simultaneously. To do that you click the little Settings icon on any speaker and press “Group Speaker.” Add as many Audios as want and then name it anything you like. When you fire up a Chromecast-compatible app it will now recognize that group as a single speaker you can cast to. Multiroom made easy!
Music apps that work (and some that don’t)
Think of the popular services you’d want to stream over your stereo, and the Chromecast Audio can do most of them. Using an Android phone, we tested Spotify, Rdio, Pandora, Google Play Music, DS Audio (which streams home music collections from Synology servers), NPR One, Rocket Player and TuneIn, and all worked fine. Google says that Deezer, Plex and Rhapsody are also supported, but we didn’t try those. Check out Google’s full list here.
Note that there are at least two big names missing from that list. The apps for Apple
Music and Amazon Music don’t currently support Chromecast Audio. There is a workaround for the latter, two in fact: the Chrome browser (on Windows and Mac machines) and the Chromecast app on Android.
On a Chrome browser, just download the Google Chromecast extension, which allows you to cast audio from any Web source at the touch of a button. We tried it with Tidal, SoundCloud and YouTube, and it worked perfectly fine.
Two more investors sue Theranos and Elizabeth Holmes for fraud
Two more investors have filed lawsuits (PDF) against Theranos, a few weeks after Walgreens sued the embattled startup for $140 million. This is the third one filed against the company, following the drugstore chain’s and Partner Fund Management’s (PFM), but the first that’s seeking class-action status. The plaintiffs echo PFM’s lawsuit from October, accusing Theranos founder Elizabeth Holmes and former president Ramesh “Sunny” Balwani of spoon-feeding investors continuous lies, making false promises “built on false statements and omissions.” They said the company’s head honchos told the public they perfected a “revolutionary technology” vetted by experts and regulators that will change the world of lab testing, knowing full well that it’ll reach investors’ ears.
As you know by now, things went awry after a series of Wall Street Journal reports came out in 2015, revealing that Theranos was conducting most of its tests using typical lab practices and equipment instead of its proprietary machine. If you’ll recall, the company said its machine can produce test results from a single drop of blood — a service people could avail through Walgreens’ outlets. Because ordinary lab equipment requires more blood than that, the accuracy of Theranos’ blood test results were called into question. Since then, Walgreens severed its ties with the company, Holmes was banned from running a lab for a couple of years and Theranos had to let most of its employees go.
One of the two plaintiffs in this lawsuit is well-known Silicon Valley investment banker Robert Colman. He invested in the company when it announced its partnership with Walgreens back in 2013. The second plaintiff, Hilary Taubman-Dye, was a victim of bad timing. She bought shares through online exchange platform SharesPost Inc. in August 2015, a couple of months before WSJ’s exposé was published. According to the publication, she tried to cancel the transaction after the scandal broke. Unfortunately, that didn’t work out, and her transaction went through in December.
The Hagens Berman Sobol Shapiro law firm is going all out with this case. It’s currently looking for more investors to join the class-action lawsuit and even whistleblowers who can provide information to help with its investigation.
BREAKING: Investors sue Theranos and its founder Elizabeth Holmes, alleging fraud – filing
— Reuters Business (@ReutersBiz) November 28, 2016
MORE: Plaintiffs in Theranos suit say defendants misled investors about company’s technology in bid to raise billions of dollars
— Reuters Business (@ReutersBiz) November 28, 2016
Source: Reuters, The Wall Street Journal, Hagens Berman (1), (2)
What’s on TV: ‘Final Fantasy XV,’ ‘Westworld’ season finale
This week brings a long-awaited finale as Westworld wraps up its debut season on HBO, and the even longer-awaited arrival of Final Fantasy XV. Other highlights include a season finale episode of Drunk History featuring Lin-Manuel Miranda, and the return of The Vikings on History. Sports fans can keep an eye out for the various college football championship games this weekend, and we’ve also included a list of what’s leaving Netflix at the end of the month. Look after the break to check out each day’s highlights, including trailers and let us know what you think (or what we missed).
Blu-ray & Games & Streaming
- Pete’s Dragon
- The BFG
- Soundbreaking
- Don’t Breathe
- Absolutely Fabulous: The Movie
- Knights of Sidonia (S2)
- Finders Keepers
- Rifftrax Live! MST3K Reunion Show
- Final Fantasy XV (PS4, Xbox One)
- The Crew: Ultimate Edition (PS4, Xbox One)
- Watch_Dogs 2 (PC)
- Pinball FX2 VR (PS4)
- How We Soar (PS4)
Monday
- Monday Night Football: Packers/Eagles, ESPN, 8:15PM
- Supergirl (fall finale), CW, 8PM
- Patria o Muerte: Cuba, Fatherland or Death, HBO, 8PM
- Gotham, Fox, 8PM
- The Voice, NBC, 8PM
- CMA: Country Christmas, ABC, 8PM
- WWE Raw, USA, 8PM
- X Factor UK, Axs, 8PM
- American Dad, TBS, 8:30PM
- Mariela Castro’s March: Cuba’s LGBT Revolution, HBO, 9PM
- The 1980s: The Deadliest Decade, Investigation Discovery, 9PM
- Mars, National Geographic Channel, 9PM
- Jane the Virgin, CW, 9PM
- Lucifer, Fox, 9PM
- The Odd Couple, CBS, 9:30PM
- Big Brother: Over the Top, CBS All Access, 10PM
- Explorer, National Geographic Channel, 10PM
- Timeless, NBC, 10PM
- Conviction, ABC, 10PM
- Desus & Mero, Viceland, 11PM
- StarTalk, National Geographic Channel, 11PM
Tuesday
- WWE Smackdown, USA, 8PM
- Tackle My Ride, NFL Network, 8PM
- The Flash, CW, 8PM
- Brooklyn Nine-nine, Fox, 8PM
- The Voice, NBC, 8PM
- WWE Smackdown, USA, 8PM
- New Girl, Fox, 8:30PM
- American Housewife, ABC, 8:30PM
- Bull, CBS, 9PM
- Good Behavior, TNT, 9PM
- Teen Wolf, MTV, 9PM
- No Tomorrow, CW, 9PM
- Inside the NFL, Showtime 9PM
- This is Us, NBC, 9PM
- Scream Queens, Fox, 9PM
- The Gary Owen Show, BET, 9:30PM
- NCIS: NO, CBS, 10PM
- Shooter, USA, 10PM
- Sweet/Vicious, MTV, 10PM
- Soundbreaking, PBS, 10PM
- Aftermath, Syfy, 10PM
- Tosh.0 (season finale), Comedy Central, 10PM
- The Letter, Freeform, 10PM
- A Season with Florida State Football (season finale), Showtime, 10PM
- Drunk History (season finale), Comedy Central, 10:30PM
- Cyberwar, Viceland, 10:30PM
Wednesday
- Chance, Hulu, 3AM
- Arrow, CW, 8PM
- Lethal Weapon, Fox, 8PM
- The Goldbergs, ABC, 8PM
- Survivor, CBS, 8PM
- Christmas in Rockefeller Center, NBC, 8PM
- Unsung: Frankie Knuckles and house music, TV One, 8PM
- Speechless, CBS, 8:30PM
- Dolly Parton’s Christmas of Many Colors, NBC, 9PM
- Criminal Minds, CBS,9PM
- Empire, Fox, 9PM
- Modern Family, ABC, 9PM
- NFL Turning Point, NBC Sports Network, 9PM
- Frequency, CW, 9PM
- Vikings (fall premiere), History, 9PM
- Black-ish, ABC, 9:30PM
- Incorporated (series premiere), Syfy, 10PM
- The Real World, MTV, 10PM
- Code Black, CBS, 10PM
- Designated Survivor, ABC, 10PM
- South Park, Comedy Central, 10PM
- Hamilton’s Pharmacopeia, Viceland, 10PM
- Rectify, Sundance, 10PM
- Impastor, TV Land, 10:30PM
- Desus & Mero, Viceland, 11PM
Thursday
- The Grand Tour, Amazon Prime, 7PM
- Cowboys/Vikings football, NBC, 8:25PM
- The Big Bang Theory, CBS, 8PM
- Rosewood (fall finale), Fox, 8PM
- DC’s Legends of Tomorrow, CW, 8PM
- The Great Indoors, CBS, 8:30PM
- Nightwatch (season premiere), A&E, 9PM
- The Great American Baking Show (season premiere), ABC, 9PM
- Mom, CBS, 9PM
- Life in Pieces, CBS, 9:30PM
- Great Moments from Soundbreaking, PBS, 9:30PM
- Big Brother: Over the Top (season finale), CBS All Access
- Pure Genius, CBS, 10PM
- Desus & Mero, Viceland, 11PM
- This is Not Happening, Comedy Central, 12:30AM
Friday
- Pacific Heat (S1), Netflix, 3AM
- Fauda (S1), Netflix, 3AM
- Hip Hop Evolution (S1), Netflix, 3AM
- Lost in Oz: Extended Adventure, Amazon Prime, 3AM
- Pac-12 Football Championship, Fox, 8PM
- Last Man Standing, ABC, 8PM
- The Vampire Diaries, CW, 8PM
- Dr. Ken, ABC, 8:30PM
- Crazy Ex-Girlfriend, CW, 9PM
- A Football Life: Troy Aikman, NFL Network, 9PM
- Z Nation, Syfy, 9PM
- Van Helsing, Syfy, 10PM
- Tracey Ullman’s Show (season finale), HBO, 11PM
- Comedy Bang! Bang! (series finale), IFC, 11 & 11:30PM
Saturday
- Lost & Found Music Studios (S2), Netflix, 3AM
- Big 10 football championship, Fox, 7PM
- ACC football championship, ABC, 7PM
- Doctor Who: The Power of the Daleks, BBC America, 8:25PM
- Dirk Gently’s Holistic Detective Agency, BBC America, 9PM
- The Ultimate Fighter (season finale), Fox Sports 1, 9PM
- Saturday Night Live: Emma Stone / Shawn Mendes, NBC, 11:30PM
Sunday
- Panthers/Seahawks Sunday Night Football, NBC, 8:20PM
- 60 Minutes, CBS, 7PM
- The Librarians, TNT, 8PM
- Once Upon A Time (fall finale), ABC, 8PM
- The Simpsons, Fox, 8PM
- Son of Zorn, Fox, 8:30PM
- The Walking Dead, AMC, 9PM
- Anthony Bourdain: Parts Unknown (season finale), CNN, 9PM
- Westworld (season finale), HBO, 9PM
- Alaska: The Last Frontier, Discovery, 9PM
- Poldark, PBS, 9PM
- Secrets and Lies (season finale), ABC, 9PM
- Shameless, Showtime, 9PM
- Berlin Station, Epix, 9PM
- The Last Man on Earth, Fox, 9:30PM
- The Affair, Showtime, 10PM
- Edge of Alaska, Discovery, 10PM
- Eyewitness, USA, 10PM
- Graves, Epix, 10PM
- Divorce, HBO, 10:30PM
- Talking Dead, AMC, 10PM
Netflix Movies leaving December 1st:
- 50 First Dates (2004)
- American Beauty (1999)
- Black Ops: Series 2
- Camp Takota (2014)
- Carmen Jones (1954)
- Cats & Dogs (2001)
- Curious George: Swings Into Spring (2013)
- Don’t Be a Menace to South Central While Drinking Your Juice in the Hood (2016)
- Elizabeth: The Golden Age (2007)
- Event Horizon (1997)
- Frequencies (2013)
- McConkey
- Medora (2013)
- Monkey Business (1952)
- Myth Hunters: Series 1
- Myth Hunters: Series 2
- Neil Young: Heart of Gold (2006)
- Paycheck (2003)
- Pirates Who Don’t Do Anything: A VeggieTales Movie (2008)
- River of No Return (1954)
- Sling Blade (1996)
- Thor: Hammer of the Gods (2009)
- The Great War Diary: Season 1
- The In-Laws (2003)
- The Out-of-Towners (1999)
- Top Gun (1986)
- Valley of the Dolls (1967)
- World Trade Center (2006)
Samsung considers steps to keep its ruling family in power
Samsung has always been a family-run company, and it’s apparently bent on keeping things that way. As part of sweeping plans to reward investors (more on that in a bit), the South Korean tech giant says that it’s considering the creation of a “holding company structure.” It’s not certain how this would work, but analysts believe that this would give greater control to vice chairman Lee Jae-yong (son of chairman Lee Kun-hee) and his sisters Lee Boo-jin and Lee Seo-hyun, all of whom play crucial roles in the company. They wouldn’t have to worry as much about losing influence.
The review of this possible shift is expected to take “at least” 6 months, and Samsung stresses that it isn’t leaning one way or the other. It is diversifying beyond the Lee family in other areas, at least. Its Board of Directors is looking for independent members with “international corporate experience” (read: not limited to South Korea), and hopes to nominate at least one by March 2017.
However things shake out, shareholders are likely to be very happy. The company is promising that 50 percent of its free cash flow in 2016 and 2017 will go directly to investor returns, and that its share dividends will jump 30 percent this year. It’ll start paying quarterly dividends in April 2017, too. But why the sudden generosity?
To start, Samsung is facing the same nice-to-have problem Apple has — it’s drowning in cash. Investors don’t like that the company has been hoarding money ($70.3 billion as of the third quarter of 2016) that it seemingly has no inclination to spend. Handing out that money could keep shareholders from jumping ship. We’d add that the payouts might help restore confidence in Samsung stock following the Galaxy Note 7 fiasco. If you have an investment in Samsung and were worried that it faced a bumpy ride, you now have a better reason to stick it out.
Via: Reuters
Source: Samsung Newsroom
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