Siemens Netherlands employee suspected of spying for Chinese rival
AMSTERDAM (Reuters) – The man arrested by Dutch police on suspicion of industrial espionage as he attempted to leave for China on Thursday was an employee of Siemens Netherlands, the company told Reuters.
On trial for bribery, Samsung boss lets lawyers do the talking
SEOUL (Reuters) – The third-generation leader of South Korea’s top conglomerate was mostly silent at his first court appearance in what has been called the “trial of the century,” as his lawyers labored to portray him as an innocent bystander in a graf…
Chase for tastier tortillas starts with age-old ‘Mexican gold’
OTZOLOTEPEC, Mexico (Reuters) – Under a scorching sun, Clemente Enriquez tips his wide-brimmed hat up as he proudly displays in an open palm the conico corn seeds he plants on his small plot in the rolling hills outside this village west of Mexico City…
Weak crude oil stunts U.S. energy IPOs, boosts outlook for M&A
LONDON/NEW YORK (Reuters) – The stream of U.S. energy companies going public at the start of 2017 has dried up on concerns over the future direction of oil prices, but private buyers seeking mergers and acquisitions are ready to take advantage of the v…
U.S. South, not just Mexico, stands in way of Rust Belt jobs revival
MOBILE, Ala. (Reuters) – In the years since the 2008 financial crisis, this southern U.S. port city has attracted a new Airbus factory, seen its steel industry retool, and gained thousands of jobs building the Navy’s new combat vessel.
Adidas to mass-produce 3D-printed shoe with Silicon Valley start-up
HERZOGENAURACH, Germany/NEW YORK (Reuters) – Adidas launched a new sneaker on Friday with a 3D-printed sole that it plans to mass-produce next year, part of a broader push by the German sportswear firm to react faster to changing fashions and create mo…
Exclusive: Yum’s KFC to curb antibiotic use in the chickens it buys
LOS ANGELES (Reuters) – Yum Brands Inc’s U.S. KFC chain plans to curb the use of antibiotics in its chicken supply, making it the last of the big three chicken restaurants to join the fight against the rise of dangerous antibiotic-resistant bacteria k…
Hyundai, Kia to recall nearly 1.5 million vehicles over engine issue
SEOUL (Reuters) – Hyundai Motor Co and Kia Motors Corp said on Friday they plan to recall nearly 1.5 million vehicles in the United States and South Korea due to engine issues, the latest blow for two firms already struggling in key markets.
Global stocks off lows, oil rallies after U.S. missile strike on Syria
LONDON (Reuters) – Oil prices held near one-month highs on Friday after the United States attacked a Syrian air base but stocks and the dollar recovered early falls when a U.S. official played down the risks of an escalation.
Samsung tips best quarterly profit in over three years as chips soar
SEOUL (Reuters) – Samsung Electronics Co Ltd forecast on Friday its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the back of a memory chip super-…
