Archives

Samsung Group sells shares in chemical, defense arms for $1.7 billion

South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.


Coal mine accident in northern China kills 24: Xinhua

A coal mine fire in China's northern Liaoning province has killed 24 workers and left 52 injured, the official Xinhua news agency reported on Wednesday, underscoring the poor safety record of the world's biggest coal producing country.

U.S. House to hold hearing on oil export ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Carl Icahn raises stake in car rental company Hertz

Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent. The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company.


Latest News

You might need two carts to walk away with what may be this year's biggest Black Friday bargain (at least by size): a 65" Vizio television at Walmart for $648.
Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands.
President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.
Asian stocks edged up on Wednesday after data showing the U.S. economy growing at a relatively solid pace calmed investor anxiety over slowing global growth, while the Australian dollar languished near four-year lows against the dollar.
Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.
According to the Seoul Central District Court on November 25, it was decided on October 10 that Luhan's lawsuit claiming the lack of validity of his exclusive contract with SM Entertainment will be brought to a court-referred mediation.
"Dancing With the Stars" is down to three couples for its season finale, but Alfonso Ribeiro may still be injured from his fateful rendition of "The Carlton."
Producer Paris Barclay has revealed a number of new details about the end of "Sons of Anarchy."
Universal has premiered the "Jurassic World" trailer, two days earlier than they had originally announced.
Jeremy Calvert has officially filed for divorce from "Teen Mom 2" star Leah Messer. Leah Messer and Jeremy Calvert have been wading through marital strife for what seems like their entire marraige- and all of it (as far as we can tell) has been in the public eye.