China’s industrial profits shrink most since late 2011
Profits at China’s industrial firms suffered their worst contraction since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on bu…
Korean Air shareholders reject re-election of CEO Cho as director
Korean Air Lines Co Ltd shareholders voted on Wednesday against the airline’s proposal to extend CEO Cho Yang-ho’s term as director for three years, ending his 27-year tenure on the board of South Korea’s biggest carrier.
Asian shares lose steam as investors grapple with U.S. recession risk
Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
Nissan panel to propose bigger role for external directors in Ghosn scandal’s wake
A committee tasked with revamping corporate governance at Nissan Motor Co is expected to recommend on Wednesday a bigger role for external directors in overseeing the Japanese automaker following Carlos Ghosn’s arrest and ouster as chairman.
Avenatti says ‘nervous’ about prison time but proclaims innocence
Michael Avenatti on Tuesday again proclaimed his innocence on charges he tried to extort millions of dollars from Nike Inc, but in an interview with CBS, admitted he was concerned about doing prison time.
Explainer – Boeing 737 MAX: What to expect at Capitol Hill, Boeing meetings
Wednesday will be a pivotal day for aircraft maker Boeing Co and federal aviation safety regulators as they try to rebuild trust following two deadly crashes of Boeing 737 MAX airliners.
Apple, Qualcomm gird for next phase of patent battle after mixed U.S. rulings
Split decisions on Tuesday by a U.S. government panel in acrimonious patent disputes between iPhone-maker Apple and chip supplier Qualcomm left their battle lines largely unchanged ahead of a U.S Federal Trade Commission ruling and a major trial next …
Swiss drugmaker Roche says to shutter Rio de Janeiro plant
Swiss drugmaker Roche will close its manufacturing plant in the Brazilian city of Rio de Janeiro, shuttering operations over the next five years before selling the plot, the company said in a statement on Tuesday.
Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a Manhattan courtroom next week over whether the Tesla Inc chief executive should be held in contempt over one of his tweets.
Dueling Qualcomm, Apple rulings leave battle lines unchanged
Split decisions on Tuesday by a U.S. government panel in acrimonious patent disputes between iPhone-maker Apple and chip supplier Qualcomm left the battle lines largely unmoved ahead of a U.S Federal Trade Commission ruling and a major trial next mont…
