LG Elec sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins
South Korea’s LG Electronics Inc said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations.
Ghosn’s lawyer: Nissan agreed on transfer of currency contracts
Nissan Motor Co had agreed with former chairman Carlos Ghosn to take on his personal foreign exchange contracts, his lawyer said, disputing allegations of financial misconduct.
Asian shares run out of gas; investors look to Sino-U.S. trade talks, Fed policy
Asian shares dipped on Tuesday, running out of steam after a brief rally sparked by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.
India’s top court allows Monsanto to claim patents on GM cotton: company source
India’s Supreme Court on Tuesday allowed Monsanto to claim patents on its genetically modified cotton seeds in the world’s biggest producer of the fiber, a company source said.
S&P downgrades PG&E ratings to ‘junk’ status
S&P Global Ratings on Monday stripped PG&E Corp of its investment-grade credit rating, citing indications of a significant deterioration in the political and regulatory environment for the California power utility.
More U.S. regions see job openings outnumbering jobless
Job openings are outnumbering unemployed workers across increasingly wide swaths of the United States, forcing businesses to rethink how they find workers, which could keep pressure on the Federal Reserve to raise interest rates despite a global econom…
Samsung Elec says weak chip demand pushed Q4 profit well below market estimates
Samsung Electronics surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to “ease confusion” among investors already fretting about a global tech slowdown.
Nissan’s Ghosn claims innocence in first appearance since November arrest
Ousted Nissan Chairman Carlos Ghosn declared his innocence in his first public appearance since his November arrest, telling a Tokyo court on Tuesday that he had been wrongly accused of financial misconduct.
Asian shares propped up by hopes for Sino-US trade deal, cautious Fed
Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.
Statement by ex-Nissan chairman Carlos Ghosn in Tokyo court
The following are prepared remarks by Carlos Ghosn, ex-chairman of Nissan Motor Co, for his court appearance in Tokyo on Tuesday regarding allegations against him of aggravated breach of trust. The statement was released by Ghosn’s lawyers in the Unite…
