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Samsung vice chairman Lee Jae-Yong remains in detention facing charges.
Samsung Apologizes to Shareholders for Involvement in Scandals
Presidential ousters and recalled phones contributed to a bad year for Samsung. The South Korean leader has pledged to have a better 2017.
A plane flies through the sky.
Durable Goods Orders Increase, Again
A sixth straight gain in durable goods orders (minus transportation equipment) underscores rising demand that should help to broaden economic growth.
Falcon 9 rocket landing on drone ship
SpaceX Launch of First Reused Rocket to Mark Milestone for Musk
Once derided as a crazy idea, rocket reusability is now seen as key to making space travel affordable.
Westinghouse Bankruptcy May Limit Toshiba's Looming Losses
Toshiba has been grappling with construction delays at Westinghouse projects that could result in a writedown of $6.2 billion.
World’s Biggest Generic Drug Company to Cut 6,000 Jobs
World’s Biggest Generic Drug Company to Cut 6,000 Jobs 1
Teva Pharmaceutical Industries Ltd. plans to cut about 11% of its global workforce.
Ford Motors CEO Mark Fields.
Amid Slow Sales, Ford Sees Profit Dropping More Than Estimates 1
CEO Mark Fields has said profits will fall this year before rebounding in 2018 as Ford spends big to transform itself to take on interlopers such as Uber Technologies Inc.
gavel
ZTE Pleads Guilty to Violating Sanctions on Iran Tech Sales 1
ZTE pleaded guilty to three felonies: violations of export laws, making a material false statement and obstruction of justice.
Toyota Industries logo
Toyota Industries Buys Dutch Equipment Maker for $1.25 Billion
The Japanese company aims to expand its products beyond forklifts.
Overtime Threshold Ripe for Review, Says Trump Labor Pick 1
Alexander Acosta said that the new rule, currently blocked in court, "creates what I’ll call a stress on the system.”
Daimler Employees Said to Be Probed Over Diesel Allegations
Daimler Employees Said to Be Probed Over Diesel Allegations
The probe comes as German newspaper Die Zeit reported that a Daimler worker testified to Stuttgart officials that the company may have manipulated its diesel engines to cheat on emissions tests.
A variety of raised hands.
Tech Workers Think Industry is Diverse. Numbers Show Otherwise
According to a new survey from software company Atlassian, 94% of American tech workers give their industry a passing grade on diversity, with 60% saying their company is at least making an effort.
GE CEO Jeffrey Immelt.
GE Ties Bonuses to New Targets as Key Shareholder Pressures Immelt 4
Recent conversations between GE and key shareholder Nelson Peltz and his Trian Fund Management have prompted the company to cut management bonuses if financial targets are missed.
Akzo Nobel lab researcher
Akzo Nobel Rejects PPG's Sweetened Takeover Bid
The latest offer is “inappropriate” and has been clearly and pragmatically considered, said Akzo Nobel CEO Ton Buechner.
Fiat/Chrysler to be Investigated in France for Emissions Cheating
The investigation follows a recommendation from the French anti-fraud office.
UK Factories See Export Orders Surge to Highest Since 2013
Factories are benefiting from a boost in oversees demand as a result of the pound’s 17% slide since Britain’s vote to leave the EU.
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