Samsung promises compensation over cancer claimsSamsung Electronics promised on Wednesday to pay compensation to a number of employees who claim they contracted cancer from working at the company's semiconductor plants.
14 May 2014
Petrobras probe on US refinery 'near end'An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.
Rolls-Royce says in talks to sell energy unit to SiemensGerman engineering giant Siemens, which is seeking to buy French firm Alstom's energy division, is in talks to purchase Rolls-Royce's energy production arm, the British aircraft engine maker said.
Apple splitting stock as iPhone sales soarApple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil "the next big thing."
24 April 2014
GSK, Novartis unveil major healthcare revampBritish pharmaceutical giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.
S. Korea state insurer sues three tobacco makersSouth Korea's state health insurer said Monday it had filed a lawsuit against three domestic and foreign tobacco makers, seeking damages of 53.7 billion won ($51.6 million) for payouts over smoking-related illnesses.
15 April 2014
Citigroup cuts 200-300 jobsUS bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
Samsung Galaxy S5 makes global debutThe latest version of Samsung's flagship Galaxy smartphone went on sale worldwide Friday, days after the electronics giant announced it was facing a second consecutive quarter of profit decline.
12 April 2014
Chevron, YPF ramp up Argentina shale investmentUS oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
12 April 2014
Intel lays off of 1,500 employees in Costa RicaUS microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees.
Indian drug maker Sun to buy troubled peer Ranbaxy for $4.0 blnTop Indian drug giant Sun Pharmaceutical Industries said Monday it had agreed to buy its troubled peer Ranbaxy for $4.0 billion in stock, ending its ill-fated six-year control by Japan's Daiichi Sankyo.
US allows Boeing to sell plane parts to IranThe United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.