Cheil Industries Inc, widely seen as the de facto holding company of Samsung Group [SAGR.UL], is likely to offer around 1.5 trillion won ($1.41 billion) worth of shares in its upcoming initial public offering (IPO), a person with knowledge of the matter said on Wednesday.
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White House, companies look for ways to hire long-term unemployed
Vice President Joe Biden will meet with human resource officers from major U.S. companies at the White House on Wednesday to discuss changes to hiring practices aimed at improving employment prospects for people who have been out of work for a while.
Worrying for Saudi, U.S. oil output cuts could take a while
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.
Toyota recalls 1.67 million Toyota, Lexus cars
Japan's Toyota Motor Corp (7203.T) said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.
Infrastructure investors line up for Indiana toll road
Some of the world's largest pension funds and infrastructure investors are forming consortia to bid for the operator of an Indiana toll road that filed for bankruptcy last month, according to people familiar with the matter.
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Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and stoking a shortfall in the global supply of ore.
Ford Motor Co said on Monday it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck.
Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N), can meet his most ambitious goal: to nearly double Jeep's global sales over the next four years.
Three Google Inc researchers have uncovered a security bug in widely used web encryption technology that they say could allow hackers to steal data in what they have dubbed a "Poodle" attack.
AstraZeneca's cancer drug pipeline, already on a roll following promising clinical trial results, could get a further boost next week from a European green light for an experimental medicine against ovarian cancer.
A Chinese drugmaker with close military ties is seeking fast-track approval for a drug that it says can cure Ebola, as China joins the race to help treat a deadly outbreak of a disease that has spread from Africa to the United States and Europe.
Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveler by Islamist militants in neighboring Algeria, the country's tourism minister said on Monday.
Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.
China will scrap some charges for homebuyers who borrow from a government housing fund, state media said on Monday, as Beijing makes another move to boost the weak property market by reducing costs.
