Several new phones coming, but all eyes on Samsung
BARCELONA, Spain (AP) — Sony unveiled a new waterproof phone that can take ultra-high-definition video. Nokia introduced three Android smartphones aimed at emerging markets. And Lenovo announced one with an all-glass exterior.
Yet the spotlight Monday was on Samsung, which announced a successor to its flagship Galaxy S4 smartphone. The Galaxy S5 will feature a heart-rate monitor, a fingerprint sensor for security and a sharper camera with faster auto focus.
Samsung's glitzy announcement during the Mobile World Congress wireless show in Spain made it harder for other phone makers to get noticed. Samsung had several times the attendance of either Sony's or Nokia's event Monday.
Greek olives face squeeze in efficiency drive
SIMIZA, Greece (AP) — Plans to extend a brutal efficiency drive in Greece to olive oil production have been met with anger and disbelief.
If proposals from a government-funded study are adopted, olive oil blended with cheaper vegetable oils will soon go on sale as part of an effort to modernize the country's economy, which was rescued from near bankruptcy four years ago.
Olive producers in some parts of the country worry that Greece could spoil its own signature product.
Illegal under current Greek law, the new product would need to prominently carry the label "blended olive oil." EU law does not prohibit blends, which are sometimes used in canned food.
Men's Wearhouse lifts takeover bid for Jos A Bank
FREMONT, California (AP) — Men's Wearhouse is stepping up its pursuit of Jos. A. Bank Clothiers, boosting the takeover offer for its rival by 10 percent to about $1.78 billion.
The move comes 10 days after Jos. A Bank announced that it was planning to buy the parent company of Eddie Bauer in a deal valued at $825 million. But Jos. A. Bank previously said that it may end the Eddie Bauer deal if it receives the right acquisition offer.
Men's Wearhouse said Monday it's now offering $63.50 per share, up from its prior offer of $57.50 per share. The new offer is conditioned on Jos. A. Bank ending its deal for Eddie Bauer, among other terms.
Honda taps woman to board, promotes foreigner