Samsung scion fights back as legal appeal begins
SEOUL (Reuters) – The heir to South Korea’s Samsung Group, convicted of bribing the country’s former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.
Airbus board carried out management review amid compliance row: sources
PARIS (Reuters) – The board of Europe’s Airbus ordered out a private review of top management before backing Chief Executive Tom Enders to complete a sensitive compliance shake-up in the face of European corruption probes, two people familiar with the …
Bain Capital leads the charge as Japan’s private equity dealmaking picks up
HONG KONG/TOKYO (Reuters) – Bain Capital is planning on further ramping up its dealmaking in Japan after it came out on top in the recent battle to purchase Toshiba’s semiconductors arm and as it bids to buy out Japan’s third-largest advertising agency…
Exclusive: Alphabet’s Waymo demanded $1 billion in settlement talks with Uber – sources
SAN FRANCISCO(Reuters) – Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar wit…
Kobe Steel CEO says data-cheating may have spread beyond Japan as government orders probe
TOKYO (Reuters) – Kobe Steel’s CEO said on Thursday the firm’s data-fabrication may have spread beyond Japan, as he was ordered by the government to report on how the misconduct occurred and address safety concerns that have sparked a scare along globa…
Asia stocks reach 10-year peak on global equity surge, dollar sags
TOKYO (Reuters) – Asian stocks reached a 10-year high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a more guarded view towards inflation.
China’s COMAC says C919’s third test flight delayed due to bad weather
SHANGHAI (Reuters) – Plans to send China’s home-built C919 passenger jet on its third test flight have been delayed due to bad weather, a Commercial Aircraft Corp of China Ltd (COMAC) official told Reuters on Thursday.
Movie studios join Disney-led service to link digital purchases
LOS ANGELES (Reuters) – Five Hollywood film studios have joined together to offer a new service designed to make it easier for consumers to collect digital movies that they can watch at home or on mobile devices, the studios said in a statement on Wedn…
Samsung scion’s defense fights back as legal appeal begins
SEOUL (Reuters) – The heir to South Korea’s Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.
GM warns Canadian union it could wind down striking SUV plant
DETROIT (Reuters) – General Motors Co on Wednesday warned leaders of Canada’s Unifor labor union that it will start to wind down production of its popular Chevrolet Equinox sport utility vehicle at an Ontario factory unless workers there call off a mon…
