South Korea’s LG Electronics Inc, the world’s No.3 handset maker, posted an unexpected net loss for the first quarter of 2011, said that it expected its handset business to return to profit in the second half. Net loss was 14.6 million dollars year-on-year for the January-March period. LG’s phone division is expected to swing to a profit in the current...

The Asian giant,S outh Korea’s, Samsung Electronics Co. is at war with the US Apple Inc. (AAPL) about iPhone and iPad patents. Samsung is accusing Apple of violating its rights to 10 smartphone and computer patents. The company filed lawsuits Thursday in Seoul, Tokyo and Mannheim, Germany. “Apple is quite annoyed by Samsung’s fast rise in a market which...

India IT services firm MindTree Ltd (MINT) is getting ready to launch its first smartphone in United States by the second half of this fiscal year. This smartphone, which will run on Google’s (GOOG) Android platform and will support 3G networks as well. Company is in talks with at least one major telecom operator in US to launch the smartphone. “The hottest prospects...

Samsung Electronics Co. (005930.KS) (005930.SE) Tuesday estimated its third-quarter operating profit nearly tripled from a year earlier while sales rose about 19%. The world’s biggest memory chip maker by revenue said in a statement it estimates its median operating profit for the three months ended Sept. 30 was KRW4.1 trillion ($3.5 billion) on sales of KRW36 trillion. In...