Samsung Steps Up Investment for Future Growth, Takes Initiative to Build Innovation Ecosystem
Total investments to reach KRW 180 trillion, direct employment of 40,000 over next 3 yearsSamsung announced plans to boost investments in businesses that will drive its future growth, committing to a KRW 25 trillion...
Aramco, Petronas tap banks for jumbo financing
Saudi Aramco and Petronas have approached banks to replace a short-term US$8bil loan raised earlier this year for a joint venture with long-term financing of approximately the same size, banking sources familiar with the...
Wells Fargo to pay $2.09 billion fine in mortgage settlement
Wells Fargo has agreed to pay a $2.09 billion fine for issuing mortgage loans it knew contained incorrect income information, the Justice Department announced Wednesday.The government said this activity contributed to the financial crisis."Today's...
Apple started paying $15 billion European tax fine
It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. The company has paid $1.77 billion (€1.5 billion) into an escrow account designed to hold the...
FCC will investigate sketchy location tracking company
LocationSmart is now under investigation for allegedly leaking phone locations on its website.Not even a full day after phone tracking firm LocationSmart reportedly leaked location data on its website, the FCC is getting involved. As originally reported by Reuters,...
Paddy Power Betfair in talks to buy US sports company FanDuel
Paddy Power Betfair confirms it is in discussions regarding a potential combination of the group's US business and FanDuelPaddy Power Betfair are in talks to buy American fantasy sports company FanDuel in a...
AI and ML were the core highlights of Google I/O conference
With AI, Google is catering an array of advanced offerings that will boost how healthcare, news, appointments and emails are doneThe 2018 Google I/O conference, an annual developer event conducted by Google channelised its focus on...
Airberlin bankruptcy sends Etihad partner bond yields soaring
Investors are dumping debt sold by EA Partners, a special purpose vehicle that holds the equity stakes of Etihad Airways PJSC and its partner airlines, after airberlin Plc filed for insolvency in the...
US Retailer Abercrombie & Fitch Withdraws From Sales Talks
US teen fashion company Abercrombie & Fitch said it is no longer looking for a buyer, as talks with suitors have proved unfruitful. The embattled fashion retailer has seen its sales dwindle consecutively...
Mars to takeover VCA for $7.7 billion
Chocolate king Mars Inc. has made a $7.7 billion offer for veterinary care company VCA Inc. Mars is banking on the growth of the animal care industry, given the recent lull in the...
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