Nissan’s Ghosn says he is innocent in first appearance since November arrest
Nissan Motor Co Ltd’s ousted Chairman Carlos Ghosn defended himself against allegations of financial misconduct in a Tokyo court on Tuesday, declaring his innocence in his first public appearance since his arrest in November.
Samsung Electronics flags first profit drop in two years on weak chip demand
South Korea’s Samsung Electronics Co Ltd on Tuesday estimated a 29 percent drop in quarterly operating profit, its first decline in two years, as it flagged tough memory chip and mobile phone markets in a rare commentary.
Asian shares extend rebound on hopes for trade deal, cautious Fed
Asian shares rose for the third straight session on Tuesday as investors bet that Washington and Beijing are inching toward a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.
Venezuela’s PDVSA in oil deal with firm part-owned by Florida Republican
Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla, partly owned by a prominent Florida Republican, to help increase the socialist-run country’s plummeting crude oil output, the company said.
Samsung Electronics says fourth-quarter profit likely fell 29 percent; China demand weak
South Korea’s Samsung Electronics Co Ltd on Tuesday estimated a decline in quarterly operating profit for the first time in two years, as a slowing Chinese economy erodes demand for its chips and handsets.
Nvidia says new self-driving platform to hit streets next year
Nvidia Corp on Monday announced its Drive AutoPilot platform, with artificial intelligence technologies, that can enable the next level of self-driving cars by 2020, further strengthening its position in the industry.
Ousted Nissan chairman Ghosn to make first public appearance since November arrest
Nissan Motor Co’s ousted Chairman Carlos Ghosn is set to appear in a Tokyo court on Tuesday, in his first public appearance since his arrest in November on allegations of financial misconduct.
Lilly makes $8 billion bet on drugs for rare cancers with Loxo Oncology buy
Eli Lilly said on Monday it will buy Loxo Oncology Inc for $8 billion, an expensive bet on a pipeline of cancer drugs that target rare genetic mutations and the biggest acquisition in the drugmaker’s 143-year history. The price represents a 68 perc…
SoftBank to invest additional $2 billion in WeWork: sources
SoftBank Group Corp will inject another $2 billion in WeWork Cos Inc this year, bringing the Japanese conglomerate’s total investment in the office space provider to more than $10 billion, according to two people familiar with the matter.
Amazon and Netflix push Wall Street higher
Amazon.com Inc and Netflix fueled a second straight session of gains on Wall Street on Monday, as the resumption of U.S.-China trade talks helped ease concerns that have pummeled the market in recent months.
