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Alphabet’s Nest to work on cheaper thermostat

  Bloomberg Alphabet Inc.’s Nest, seeking a bigger share of the connected home market, is developing a cheaper version of its flagship thermostat and new home security products, according to a person familiar with the matter. The company is working on a version of its “learning thermostat,” which adjusts the temperature based on usage patterns, that would sell for under ...

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Samsung teases release of Galaxy S8 smartphones

  Bloomberg Samsung Electronics Co. teased its coming Galaxy S8 smartphone and released new tablets targeting video-gamers and professionals as the company seeks to regain ground lost after pulling its Note 7 from shelves last year. The Galaxy Tab S3, meant for entertainment, has a 9.7-inch Amoled screen, quad-stereo speakers and lets users play 4K video, Samsung said at the ...

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Nordic tech ‘miracle’ delivers 30% returns for $1 billion fund

  Bloomberg Ignoring its global mandate to invest in Apple Inc. and Facebook Inc. is delivering top returns for this technology fund. The Swedbank Robur Ny Teknik fund just focuses on small, “innovative” companies in Scandinavia with a heavy concentration in medical technology. “There’s a Nordic IT miracle,” Carl Armfelt, the fund’s manager who also helps oversee the small-cap team ...

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