Business Funding News: Galaxy Note 7 fail opens door for rivals + MORE 10/12/2016

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The South Korean tech giant has told its customers to stop using their Galaxy Note 7 smartphones over reports of the phones catching fire.

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The lender is handing more power to heir apparent Tim Sloan. Yet Rob Cox and Antony Currie argue his various roles during the fake-accounts scandal make him a tough choice for CEO.

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From its launch, to reports of combustion, multiple recalls, and now its termination, CNNMoney’s Samuel Burke takes a look at the life and death of the Galaxy Note 7.

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“If governments tax products like sugary drinks, they can reduce suffering and save lives,” a World Health Organization official said.

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Wall Street sold off on Tuesday as disappointing corporate reports gave a sour tone to the start of earnings season and investors digested possible changing dynamics for the upcoming U.S. elections. Bobbi Rebell reports.

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Apple, HTC, Huawei, and Lenovo are picking up business where Samsung left it after killing Galaxy Note 7. Bobbi Rebell reports.

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