Texas House speaker says heโs confident Legislature will revive expiring corporate tax break program
Lawmakers let the program, known as Chapter 313, expire at the end of this year after the Senate declined to consider a bill extending it. It was the first time in its 20-year history that legislators decided not to renew the program.
US consumer spending fell 0.2% in December in face of virus
Since making a brief bounce-back from the viral pandemic last spring, consumer spending has barely grown. Friday's government report on consumer spending showed that inflation by a measure preferred by the Fed rose 0.4% in December after no change in October and November. AdThe savings rate remained at an elevated 13.7% of after-tax income in December, up from 12.9% in November. In the final three months of 2020, consumer spending, which accounts for about 70% of the economy, grew at a 2.5% annual rate. AdโWe believe increased vaccinations, stable household finances and rebounding confidence will lift consumer spending growthโ this year, Daco said.
Samsung scion Lee won't appeal prison sentence for bribery
Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul High Court in Seoul, South Korea, Monday, Jan. 18, 2021. Samsung scion Lee will not appeal a court ruling that sentenced him to two and a half years in prison for bribing South Korea's then-president for business favors. But after mulling his options, Lee decided to โhumbly acceptโ the High Courtโs decision, his head attorney Injae Lee said. Prosecutors had sought a prison term of 9 years for Lee Jae-yong. Itโs not immediately clear what his prison term would mean for Samsung's business.
Samsung promises new phones will deliver more for less money
This photo provided by Samsung shows the Galaxy S21 Ultra. The three Galaxy S21 phones unveiled Thursday, Jan. 14, 2021 during a virtual event will face similar challenges in an economy still hobbled by the COVID-19 crisis. That model sold for $700, down from the $1,000 price that Samsung had set for its lower-priced standard Galaxy S20. In this yearโs lineup, the standard Galaxy S21 phone will start at $800, a 20% markdown from last yearโs comparable model. The Galaxy S21 Plus will sell for $1,000, a 17% reduction from last yearโs comparable model while the Galaxy S21 Ultra will sell for $1,300, down by $100 from last yearโs comparable model.
Lee Kun-Hee, force behind Samsungโs rise, dies at 78
Lee died with his family members by his side, including his only son and Samsung Vice Chairman Lee Jae-yong, the company said in a statement. Lee Kun-Hee was convicted in 2008 for illegal share dealings, tax evasion and bribery designed to pass his wealth and corporate control to his three children. Lee Kun-Hee was a stern, terse leader who focused on big-picture strategies, leaving details and daily management to executives. Lee Kun-Hee resigned as chairman of Samsung Electronics before the 2008 conviction. โAs South Koreaโs most successful entrepreneur, (Lee Kun-Hee) received a dazzling spotlight, but he had many vicissitudes full of grace and disgrace,โ the ruling Democratic Party said in a statement.
The Backstory: Otis McKane on trial for execution-style killing of SAPD Detective Benjamin Marconi
SAN ANTONIO โ Editorโs note: this content was created specifically for the KSAT-TV streaming app available on Roku, Apple TV, Amazon fire stick, Samsung smart TV and smartphones. Download it today for more exclusive content featuring extended interviews and bonus footage. The trial of Otis Tyrone McKane, 35, is the first death penalty case in the Bexar County Courthouse in five years. McKane is accused of shooting and killing San Antonio Police Detective Benjamin Marconi in 2016. This KSAT exclusive features never before seen footage from the courtroom, Katrina Webberโs extended jailhouse interview with McKane and a Q&A with experienced local defense attorneys and a judge.
Samsung's Lee indicted over controversial 2015 merger
The charges against Lee and the other Samsung officials include stock price manipulation, breach of trust, and auditing violations related to the 2015 merger between Samsung C&T Corp. and Cheil Industries, said Lee Bok-hyun, a senior official from the Seoul Central District Prosecutors Office. It went ahead despite opposition from some shareholders who said the deal unfairly benefited the Lee family. Lee was freed in February 2018 after the Seoul High Court reduced his term to 2 years and suspended his sentence, overturning key convictions. However, months later the Supreme Court sent the case back to the High Court, saying that the amount of bribes Lee was judged to have offered was undervalued. Some legal experts say Lee could be sentenced to another term in jail if convicted again.
Students at Buckner Fanning private school to return to classroom September 9
SAN ANTONIO Editors note: You can watch all these KSAT Q&As plus original content, SA Live, breaking news and more for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Whether classes have already begun virtually or were put on hold, some local school districts have been implementing plans to return to campus after Labor day and Buckner Fanning private school is one of them. Related: Heres when San Antonio school districts plan to offer in-person learningThe Head of School Sharon Newman answered our KSAT Q&As ahead of the schools reopening September 9. Newman said classes at Buckner Fanning do not have more than 10 students. Related: Were all holding our breath: Health experts on school reopenings in TexasWatch KSAT Q&As everyday on the 6 oclock news and the Nightbeat.
Samsung touts $2,000 foldable phone as a 'VIP' experience
In this undated photo provided by Samsung, Samsung's foldable phone is displayed. The phone, dubbed the Z Fold2, will include a VIP package that will provide access to fancy restaurants and golf clubs to supplement the device's multipurpose design. The phone, dubbed the Z Fold2, will include a VIP package that will provide access to fancy restaurants and golf clubs to supplement the device's multipurpose design. That will give the Z Fold2 a slight jump on Apple's next wave of iPhones. Even with this year's improvements, the Z Fold2 will require special care that Samsung will explain in instructions accompanying the device.
Consumer Reports: These are great cellphones for $600 and less
SAN ANTONIO This is the time of year when the new cellphone models come on the market with fancy features and price tags to match. But if paying a small fortune for the latest tech isnt your style, Consumer Reports says there are great options for $600 or less. Apple and Samsung are the big players with popular new phones with starting price tags between $1,100 and $1,450. They are highly rated in Consumer Reports tests, but Tech Editor Bree Fowler said there are less expensive options worth considering. Or, think about buying a used phone or one thats refurbished.When buying used, she cautions buyers to be sure what they are actually getting.
Microsoft back in the smartphone business with its new Duo
Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago. The company began taking orders Wednesday for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September. Microsoft is pitching the Duo as a more useful tool than a conventional smartphone, since it enables users to multitask with two separate apps or web pages at a time. Adding a mobile device to its Surface line of computers is a reversal for Microsoft after its short-lived ownership of smartphone-maker Nokia and its difficulties in transitioning its Windows operating system to the mobile era. Apple and Google's Android long ago cornered the market on phone operating systems, but Microsoft's rare partnership with Google means Duo comes with a suite of Android apps.
Samsung's new phones test consumer demand for pricey gadgets
Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression. Such phones are intended for buyers who are strapped for cash or unwilling to pay for pricey phones that don't offer big advances over their predecessors. The upcoming foldable phone, meanwhile, is something of a do-over for Samsung. Samsung is promises that the Z Fold2 will far more durable because it will have ultra-thin glass and tougher hinges for unfolding the device. Consumer response to these phones might foreshadow demand for the next wave of iPhones.
Huawei overtakes Samsung as top smartphone seller: report
LONDON A technology research firm says Huawei has overtaken Samsung to become the world's biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic better off than other economies. While the figure was down 5% compared with a year ago, it was a smaller decline than rival Samsung, which saw smartphone sales slide 30% to 53.7 million. Mainland China now accounts for 70% of Huawei's total smartphone sales, it said. Sanctions aimed at crippling Huawei are part of a broader global battle between the U.S. and China over technology and trade. In China, popular homegrown apps for services like shopping and messaging help fill that gap.
WATCH: KSAT News at 9: 5/25/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from May 25, 2020.
WATCH: KSAT News at 9: 5/15/20
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WATCH: KSAT News at 9: 5/06/20
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WATCH: KSAT News at 9: 4/24/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from April 24, 2020.
WATCH: KSAT News at 9: 4/22/20
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WATCH: KSAT News at 9: 4/17/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from April 17, 2020.
WATCH: KSAT News at 9: 4/3/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from April 3, 2020.
WATCH: KSAT News at 9: 4/1/20
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WATCH: KSAT News at 9: 3/24/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from March 24, 2020.
WATCH: KSAT News at 9: 3/12/20
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WATCH: KSAT News at 9: 2/26/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Feb. 26, 2020.
WATCH: KSAT News at 9: 2/24/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Feb. 24, 2020.
WATCH: KSAT News at 9: 1/24/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Jan. 24, 2020.
WATCH: KSAT News at 9: 1/13/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Jan. 13, 2020.
WATCH: KSAT News at 9: 1/10/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Jan. 10, 2020.
WATCH: KSAT News at 9: 1/8/20
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WATCH: KSAT News at 9: 1/3/20
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Jan. 3, 2020.
WATCH: KSAT News at 9: 12/30/19
SAN ANTONIO โ Editorโs note: You can watch all these newscasts โ plus original content, SA Live, breaking news and more โ for free on KSAT TV, our streaming app that works with Roku, Samsung TV, Apple TV, Amazon Fire TV. Watch KSAT News at 9โฒs newscast from Dec. 30, 2019.