JPMorgan’s card gamble lures millennial travelers, squeezes competitors
NEW YORK (Reuters) – Morrie Low, a 28-year-old who works for a mobile technology start-up in Seattle, called from vacation in Taiwan to chat about what he has been doing the past year with his Chase Sapphire Reserve card.
FAA orders A380 engine inspections after Air France incident
SINGAPORE (Reuters) – U.S. aviation authorities have ordered visual inspections of fan hubs in engines used on some Airbus SE A380 jets after an engine came apart on an Air France flight last month, forcing it to make an emergency landing.
Asia shares at 10-year high ahead of U.S. data, China Congress
TOKYO (Reuters) – Asian stocks edged to a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing shares higher ahead of U.S. economic data and next week’s Chinese Communist Party Congress.
Samsung Elec CEO Kwon announces shock resignation as profits surge
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery.
Samsung Elec on track for record third quarter as chips soar
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins.
Samsung Elec CEO Kwon Oh-hyun to step down from management
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices.
Boeing passenger jets have falsely-certified Kobe Steel products: source
TOKYO (Reuters) – Boeing Co, the world’s biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters.
Amazon Studios chief Roy Price suspended following harassment allegation
SAN FRANCISCO (Reuters) – Amazon Studios chief Roy Price was put on an immediate leave of absence Thursday, the company said, following allegations that he harassed a producer and ignored an actress’s claim of a sexual assault by producer Harvey Weinst…
Kobe Steel says also fabricated data in steel wire products
TOKYO (Reuters) – Kobe Steel Ltd said on Friday it had falsified data on some of its steel wire products on top of the already-announced data fabrication for aluminum, copper, iron powder products and metal materials used in optical discs.
Samsung Electronics CEO Kwon Oh-hyun to step down from management
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management.
