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December, 3, 2016

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Business
Samsung Electronics said Tuesday it will increase shareholder returns and review its corporate structure as investors step up pressure to reform the South Korean tech giant's governance structure following the Galaxy Note 7 fiasco.
 
The U.S. economy in the third quarter grew at the fastest pace in two years, with a revised report showing stronger consumer spending than first estimated.
 
Government orders for protesters of the Dakota Access pipeline to leave federal land could have little immediate effect on the encampment where scores of people have been gathered for months to oppose the US$3.8 billion project.
 
Just three days after the death of Fidel Castro, the first scheduled commercial flight from the U.S. to Havana in more than 50 years landed Monday to the applause of passengers and a water-spraying salute from firetrucks.
 
Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani on Monday expressed support for OPEC's plans to limit the cartel's output ahead of a crucial meeting this week.
 
Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.
 > China
 
Several Kmart stores in Michigan are preparing to close next month, following dozens of others that have shuttered in the state since the company filed for Chapter 11 bankruptcy protection nearly 15 years ago.
 
Laid-off S. Korean workers protest in Taipei
Employees of the South Korean company Hydis returned to their protest Monday, Nov. 28 outside the Yong Feng Yu (YFY) (永豐餘) company headquarters.
 
Italy vote hits European markets
European stock markets retreated Monday, dragged down by falling banking stocks ahead of a crucial Italian referendum at the end of week.
 
More shoppers come out but each spends less
Thanksgiving weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they've come to demand.
 
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