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Samsung chief faces trial after indictment on corruption charges

De facto chief of the South Korean electronics giant faces trial after indictment on multiple charges which include bribery and embezzlement.

Mar 02, 2017 12:59 AM EST


Hershey aims to reduce global worforce by 15 percent

The Pennsylvania chocolatier's attempt to reduce its global workforce will help achieve profitability over the next two years.

Mar 01, 2017 9:55 AM EST


Qantas posts decline in net profits

The results indicate Qantas' strong performance in a mixed international market amidst its strategy and ongoing transformation while investing for customers.

Mar 01, 2017 9:02 AM EST


Tesco plans to remove 1,700 managerial jobs

The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.

Mar 01, 2017 9:02 AM EST


Alibaba seeks tougher penalties for purveyors of counterfeit goods

E-commerce giant seeks tougher laws, stricter enforment and heavier penalties against retailers or vendors of counterfeit goods in China.

Mar 01, 2017 1:21 AM EST


Saudi Arabia Adds Nearly 30,000 New Hotel Rooms For 2017

The Kingdom is set to open a roster of 68 hotels across major cities at a time of growth for its tourism, leisure and hospitality.

Feb 28, 2017 2:39 PM EST


Warren Buffett's Optimism on American Businesses

Berkshire Hathaway's CEO is upbeat about the future of US businesses and stocks after his company reported a higher quarterly profit. Buffett urges investors to work with a collection of large and conservatively financed American businesses in the long term.

Feb 28, 2017 2:39 PM EST


Asian shares rise ahead of Trump speech

Asian shares up, strengthened by gains on Wall Street as investors await President Donald Trump speech.

Feb 28, 2017 1:54 AM EST


Nordstrom’s Quarterly Earnings Beat Expectations

US upscale department store chain posts growth in fourth quarter earnings exceeding analysts' expectations.

Feb 23, 2017 9:09 PM EST


Australia's TerryWhite Chemmart Posts Strong Half-Year Earnings

Australian pharmacy group, TerryWhite Chemmart, doubles revenue following the merger. Australian pharmacy group Terry White Group, which is now trading as TerryWhite Chemmart, has doubled its half year revenue from $16.

Feb 22, 2017 12:11 AM EST


Lenovo Third Quarter Profits Plummet

Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.

Feb 19, 2017 9:11 PM EST


Retail Spending in UK Rises Slightly in January

UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016. Retail spending in the UK saw a 1. 5 percent growth year-on-year in January 2017 compared with January 2016, the lowest growth the sector has had since November 2013, according to the latest official figures of the Office of National Statistics (ONS).

Feb 19, 2017 8:12 PM EST


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