South Korea's Samsung Electronics pulled out of an extended earnings dive, reporting a nearly 30 percent surge in third-quarter net profit and announcing a $10 billion share buyback.
Samsung unveiled its latest smartwatch as the South Korean tech giant seeks to challenge Apple's global domination in the fast-growing wearable device market.
Samsung and LG agreed to end all pending legal disputes that had seen the South Korean electronics rivals accuse each other of stealing technology and vandalising products.
Samsung and Microsoft said they had ended a patent dispute that had seen the US software giant sue the South Korean conglomerate for breaching a 2011 licensing contract.
Samsung is to launch a range of smart refrigerators, air conditioners and washing machines as its seeks to expand its business in Internet-connected homes.
South Korea's Samsung scrapped a merger between two major units, citing the spiralling cost of buying back stock from shareholders opposed to the deal.
Samsung said Monday it had temporarily suspended business with one of its suppliers in China after finding "evidence" of possible illegal child labour at the plant.