The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

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Samsung mobile recovery suffers blow as Galaxy Notes 'catch fire'

By Reuters | Sep. 1, 2016

A model poses for photographs with a Galaxy Note 7 new smartphone during its launching ceremony in Seoul, South Korea

The recovery in Samsung Electronics Co Ltd's (005930.KS) mobile business suffered a blow on Thursday as reports of exploding batteries forced the firm to delay shipments of Galaxy Note 7 smartphones, and knocked $7 billion off its market value.

Investors drove the stock to two-week lows after the global smartphone leader told Reuters late on Wednesday the shipments had been delayed for quality control testing, and that shipments to South Korea's top three mobile carriers had been halted.

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