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Toshiba Left with $3.5 Billion Loss in Third Quarter from Nuclear Write-Down: Nikkei

The Nikkei reported on Sunday that in the nine months through December, Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion).   The company suffered loss of around 600 billion yen on a U.S. nuclear unit that came to light in late 2016...

In Relation to Suspicion of Bribery, Samsung’s Lee is to be Summoned Again by South Korea Prosecutors

As the Samsung Group investigates a graft scandal that has engulfed the country's president, the group scion Jay Y. Lee will be questioned again on suspicion of bribery on Monday, said the South Korea's special prosecutor.   While a court rejected a warrant to arrest him in the inquiry into...

Goldman Hedge Fund Shifting Staff to U.S., Folding London Operations: Reuters

Folding its London operations into the United States and shifting staff members to New York is the Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, reported global news agency Reuters quoting four sources.   The sources...

$13.8 Billion Singapore Air Order has Boeing as the Front Runner: Bloomberg

Amid a battle with Chinese and Middle Eastern carriers and as Singapore Airlines Ltd. closes in on an order for at least 35 wide-body aircraft, Boeing Co. is the front-runner for the order, reports Bloomberg News.   The report quoted people with knowledge of the mater saying that after...

As Profit Rebounds on Iron Ore Rally, Rio Tinto Rewards Investors

After the world’s second-biggest mining company reported the first gain in annual profit since 2013, Rio Tinto Group will pay a much higher dividend than expected and buy back $500 million of shares.   London-based Rio said on Wednesday that higher iron ore prices boosted underlying profit...

Sources say in the First Half of This year, Japan's Sharp may break ground on $7 billion U.S. plant

Taking the lead on a project initially outlined by its Taiwanese parent Foxconn, Japanese display maker Sharp Corp may start building a $7 billion plant in the United States in the first half of 2017, several media reported quoting a person with knowledge of the plan.   The Japanese Prime...

With the New Florida Site, SpaceX to Hit Fastest Launch Pace

The president of Space Exploration Technologies, better known as SpaceX, said that once a new launch pad is put into service in Florida next week, the company plans to launch its Falcon 9 rockets every two to three weeks, its fastest rate since starting launches in 2010.   It was just five...

To Cope with Ring Fencing Regulations, Barclays to Overhaul Back Office Operations

To help it comply with new post-crisis rules forcing British banks to ring-fence their retail operations from their riskier business, Barclays Plc is about to overhaul its back office operations under a restructuring program.   The bank said that when both of its two main operations are...

U.S. Judge Rules Google Must Turn Over Foreign Emails, Unlike Microsoft,

While in a case concerning Microsoft Corp, a federal appeals court that reached the conclusion which entailed the authorities not getting permission to search warrants to access digital details of consumers, in a similar case a U.S. judge has ordered Google to comply with search warrants seeking...

Suzuki and Toyota Close to Development and Procurement Tie-up: Nikkei

Sources in the Japanese car industry have confirmed that agreement on a comprehensive partnership covering areas such as development and procurement is very near between Toyota Motor and Suzuki Motor, Nikkei  reported.   While specific points of cooperation would be spelled out later,...

Expected Changes in Key Visa program Makes Facebook Vulnerable

According to a Reuters analysis of U.S. Labor Department filings, the most vulnerable to U.S. President Donald Trump’s expected crackdown on guest-worker visas would be Facebook Inc among Silicon Valley’s top tech employers.   Giving the social media leader a legal classification as a H-1B...

Snap Promises Little but Shoots for the Sky in its $3 Billion IPO Pitch

Outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits, Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering.   Focusing on its rapid growth of active users, looking past its widening...
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