Samsung Electronics mobile chief survives reshuffle despite weak figures
SEOUL (Reuters) – Samsung Electronics defied speculation it would drop the head of its underperforming mobile division, as the Samsung Group’s heir apparent opted to keep the man his ailing father appointed while the patriarch’s future is uncertain.
Japan’s third-quarter recession seen milder than feared as capex grows
TOKYO (Reuters) – Japan’s fall into recession between July-September could turn out to be less severe than feared, with new capital expenditure figures out on Monday suggesting revisions will put the third quarter in a slightly more positive light.
Japan November final manufacturing growth eases, still suggests modest fourth-quarter rebound: PMI
TOKYO (Reuters) – Growth in Japanese manufacturing activity eased in November and output expanded at a slightly slower pace than initially reported, a survey showed on Monday, suggesting a modest recovery after the economy unexpectedly slipped into rec…
Sony hires Mandiant after cyber attack, FBI starts probe
BOSTON/LOS ANGELES (Reuters) – Sony Pictures Entertainment has hired FireEye Inc’s Mandiant forensics unit to clean up a massive cyber attack that knocked out the studio’s computer network nearly a week ago, three people with knowledge of the matter sa…
HSBC says UK directors did not quit due to jail threat
LONDON (Reuters) – Two directors of HSBC’s British business have expressed concerns about new rules that can result in jail sentences for senior bankers, but only one has resigned, and that was mainly due to extra demands on his time, the bank said.
In fading Japan hinterland, skeptics doubt ‘Abenomics’ will cure ills
AKITA CITY, Japan (Reuters) – Mihoko Asaka wants to know how candidates in this month’s election in Japan will create jobs and halt the drastic population decline that is bleeding her home region of youth and vitality, but has little hope they will off…
Gold, Swiss franc fall after Swiss referendum
TOKYO (Reuters) – Gold prices fell the most in more than three weeks and the Swiss franc dipped slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum.
Sony hires Mandiant to help clean up after cyber attack
BOSTON/LOS ANGELES (Reuters) – Sony Pictures Entertainment has hired FireEye Inc’s Mandiant forensics unit to clean up a massive cyber attack that knocked out the studio’s computer network nearly a week ago, three people with knowledge of the matter sa…
Fosun set to raise offer in Club Med bid battle: source
PARIS (Reuters) – Chinese conglomerate Fosun , controlled by billionaire Guo Guangchang, is set to raise its bid for holiday company Club Mediterranee on Monday to trump Italian tycoon Andrea Bonomi, a source familiar with the process said.
German pilots’ union calls Lufthansa strike for December 1 and 2
BERLIN (Reuters) – The German pilots’ union VC called a strike at Deutsche Lufthansa for Monday and Tuesday after talks broke down over retirement benefits, leading to the cancellation of more than 1,000 flights.
