Author: Rachel Garlinghouse

SEOUL (Reuters) -Samsung Electronics reported fourth-quarter profit that rose 130% from a low base, confirming it had missed earlier estimates due to slowing memory chip demand and extra costs as it works towards providing high-end chips to Nvidia. Samsung said that in the first quarter of 2025, overall earnings improvement may be limited due to weakness in the semiconductors business. The world’s largest memory chip maker said on Friday that operating profit rose to 6.5 trillion won ($4.49 billion) in October-December, up from 2.82 trillion won a year earlier when the memory chip industry was still struggling with its worst…

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The transaction is expected to close in the second half of 2025, Nationwide said in a statement. Ohio-based Nationwide is a diversified insurance and financial services firm that provides a range of products, including auto, business, farm and life insurance, among others. “Acquiring Allstate’s employer stop-loss segment will broaden Nationwide Financial’s portfolio, meeting the needs of small businesses, allowing us to serve more customers,” said Nationwide President John Carter.Read More

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