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Thursday, July 16, 2015
Battle over Samsung merger has potential for change
A bitter dispute over the proposed merger of two Samsung affiliates comes to a head Friday with a shareholder vote that could -- whatever the result -- force a shift in corporate governance practice among South Korea's giant, family-run conglomerates.
Toyota on Wednesday recalled 625,000 hybrid vehicles globally, mostly the Prius model favored by the eco-conscious including Hollywood celebrities, over a defect that can bring the car to an unexpected stop.
Mining giant BHP Billiton Wednesday said it was taking a US$2.8 billion pre-tax write-down on its onshore assets in the United States as plunging oil prices hit shale gas.
South Korea's Posco, the world's fifth largest steelmaker, unveiled a ruthless revamp of its bloated business structure Wednesday after reporting a sharp drop in second quarter profit.
Tuesday, July 14, 2015
Shares of Taiwan's Foxconn Technology Group(富士康), the world's largest contract electronics maker, soared 1.82 percent to NT$95.1 (US$3.06) per share in Monday morning trade in Taipei after the company announced plans to set up 10-12 manufacturing plants in India by 2020.
Samsung Electronics, which leads the global TV market, scored first in China's smart TV market for 10 quarters in a row, data showed Sunday.
Dutch beer giant Heineken announced Monday it has opened a multi-million-dollar brewery in Myanmar, seeking to cash in on one of Asia's high-growth markets.
Sunday, July 12, 2015
An accounting scandal involving massive Japanese conglomerate Toshiba deepened on Saturday as reports said the company's president would likely be forced to resign.
Reddit said Friday that interim CEO Ellen Pao resigned from the company, and co-founder Steve Huffman is back as its CEO.
Saturday, July 11, 2015
Facebook unveiled a new tool Thursday giving users more control of what they see in their news feeds, allowing them to override the choices made by algorithm.
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