Name: LG is getting out of the mobile phone business
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LG is getting out of the mobile phone business

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The dual-screen Wing was one of LG's latest efforts to win back business in phones. Photo: LGAfter years of trying to turn its fortunes around, Korea's LG said it would exit the mobile phone business globally.Between the lines: The phone business is a hard one to make profitable for all but the largest players. LG was once one of those, but hasn't been for many years, and had no clear path to change that.Of note: LG said it will take until July to wind down its business and sell current inventory. Vladimir Putin has signed a law that would let him seek additional presidential terms in 2024 and 2030, .Why it matters: Putin was running up against term limits until proposed constitutional changes were approved via referendum last year. Now he could potentially remain in power until 2036, when he'll be 83. Go deeper: The Supreme Court handed Google a major victory on Monday, marking an end to a bitter battle between two tech giants over the use of software and copyrights. Driving the news: The Supreme Court ruled 6-2 Monday in favor of Google in its long-running copyright dispute with Oracle.As the first witness in Israeli Prime Minister Benjamin Netanyahu’s corruption trial took the stand on Monday, President Reuven Rivlin was consulting with representatives of Israel's political parties as to who should form the next government.Why it matters: This split-screen moment between the Jerusalem district court and the president’s residence encapsulated the political and legal crisis that has engulfed Israel over the last two years. The crisis appears likely to continue now that a fourth election has ended with no clear winner.

The dual-screen Wing was one of LG's latest efforts to win back business in phones. Photo: LGAfter years of trying to turn its fortunes around, Korea's LG said it would exit the mobile phone business globally.Between the lines: The phone business is a hard one to make profitable for all but the largest players. LG was once one of those, but hasn't been for many years, and had no clear path to change that.Of note: LG said it will take until July to wind down its business and sell current inventory. Vladimir Putin has signed a law that would let him seek additional presidential terms in 2024...

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Ina is the chief technology correspondent at Axios. She authors the daily Axios Login newsletter and brings years of Silicon Valley experience to offer a smart take on tech.

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LG is getting out of the mobile phone business

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