Samsung Group chief charged with bribery, corporate nerve center dismantled
SEOUL (Reuters) – South Korean prosecutors charged Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft …
Exclusive: Saudi Arabia wants oil prices to rise to around $60 in 2017 – sources
DUBAI/LONDON (Reuters) – Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said.
Coal revival means big stock bonuses at bankrupt Peabody
CHICAGO/WILMINGTON, Del. (Reuters) – A year ago, Peabody Energy Corp’s chief executive was presiding over $2 billion of losses as the world’s largest private sector coal miner spiraled into bankruptcy.
Starbucks bets on super premium ‘Roastery’ to lead Italy debut
LOS ANGELES (Reuters) – Starbucks Corp is making a big bet on Italy, the home of espresso, with plans to debut in Milan late next year with a sprawling, super-premium Reserve Roastery in a turn-of-the-century post office building on Piazza Cordusio.
Exclusive: China eyes 12 percent broad money supply rise in 2017 – sources
BEIJING (Reuters) – China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year’s goal, policy sources said, signaling a bid to contain debt risks while keeping growth on track.
Snap expects some IPO investors to make year-long commitments
(Reuters) – Snap Inc, owner of popular messaging app Snapchat, disclosed on Monday that it expected investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year.
Morgan Stanley gave some clients incorrect tax information
(Reuters) – Morgan Stanley gave some wealth management clients incorrect information on taxes that caused some to underpay and others to overpay, according to a regulatory filing on Monday.
Tata Sons, DoCoMo to settle $1.17 billion legal dispute: Nikkei
(Reuters) – India’s Tata Sons Ltd has agreed to pay Japan’s NTT DoCoMo about $1.17 billion in connection with the termination of a joint venture in the South Asian nation, the Nikkei daily reported, without citing its sources.
JPMorgan, Microsoft, Intel and others form new blockchain alliance
NEW YORK (Reuters) – JPMorgan Chase & Co , Microsoft Corp , Intel Corp and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.
Starwood in talks on raising initial bid for Milestone: sources
TORONTO/NEW YORK (Reuters) – Milestone Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C$1.7 billion ($1.3 billion), is in talks with the U.S. private investment firm about raising its bid, p…
