SEOUL (Reuters) – Samsung C&T Corp , which last year became the Samsung Group\’s de facto holding company, on Thursday said it set aside 2.6 trillion won ($2.15 billion) for exceptional losses for 2015 from projects including construction work on Australia\’s Roy Hill iron ore mine.
SEOUL (Reuters) – U.S. crude futures dropped more than 1 percent in Asian trading on Thursday, eroding gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply.
SYDNEY (Reuters) – Asian shares pushed back into the black on Thursday as investors dipped their toes back into equities and demand for safehaven assets such as the yen and sovereign bonds faded.
(Reuters) – EBay Inc forecast weaker-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar while trying to revamp its core marketplace business.
(Reuters) – Artisan Partners, a major shareholder in Johnson & Johnson, has urged several activists to pressure the consumer products giant to consider major changes that include a potential split, according to sources and documents. Artisan has asked Johnson & Johnson’s management to consider separating its three divisions – consumer products, pharmaceuticals and medical devices – into standalone companies in hopes of unlocking up to $90 billion in enterprise value, said sources fam
(Reuters) – Frank Quattrone, the Silicon Valley investment banker synonymous with several technology deals, is stepping down as chief executive officer of his boutique advisory firm Qatalyst Partners, the company said in a statement on Wednesday.
(Reuters) – Facebook Inc smashed investors\’ expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours.
(Reuters) – French luxury goods maker Chanel said on Wednesday that Chief Executive Maureen Chiquet will leave the company by the end of January, the New York Times reported.
SEATTLE (Reuters) – Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply.
NEW YORK (Reuters) – A U.S. judge was asked on Wednesday to rescind approval for a settlement fund to resolve 1,380 lawsuits claiming that an ignition switch in General Motors vehicles caused injuries or deaths, after an attorney said it did not benefit all plaintiffs.