By Miyoung Kim and Rhee So-eui
SEOUL (Reuters) - Technology powerhouses Samsung Electronics and LG Electronics reinforced market optimism that strong demand recovery is in place, while cautioning that competition from global rivals is heating up.
The comments from Samsung, the world's top maker of LCD flat screens and memory ...More
SHANGHAI (Reuters) - Google Inc may make an announcement next Monday about whether it will pull out from China, the China Business News reported on Friday, quoting an unnamed Google employee.
The report also said a local authorized agent had received unconfirmed information that Google would leave China on April 10 ...More
NEW YORK (Reuters) - Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion "windfall" profit from its deal to buy Lehman's U.S. brokerage in September 2008.
In documents filed in U.S. bankruptcy court in Manhattan ...More
NEW YORK (Reuters) - Palm Inc <PALM.O> warned that revenue for the current quarter would be far below Wall Street's expectations, after tepid demand for its smartphones left wireless carriers with piles of excess inventory.
The company's shares fell 14 percent in after-hours trading on Thursday.
Taking into ...More
OSHKOSH, Wis. (WTAQ) - Oshkosh Defense lands a $11.9 million contract to supply military vehicles to the United Arab Emirates. Oshkosh says Congress approved the order for 40 heavy expanded mobility tactical trucks. It's part of the UAE's Patriot Advanced Capability-3 missile systems purchase. Order is expected to ...More
PLYMOUTH, Wis. (WTAQ) - Federal funding was announced Thursday for a new training center in Sheboygan County for highly-skilled manufacturing workers. The city and school district of Plymouth and Lakeshore Technical College were awarded a $670,000 grant to establish the new training center at Plymouth High School. The idea came ...More
NEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
Ruling in favor of Bank of America Corp's Merrill Lynch unit, Barclays Plc and ...More
NEW YORK (Reuters) - Fresh off repaying U.S. taxpayers, PNC Financial Services Group <PNC.N> said on Thursday it gave Chief Executive James Rohr an $18 million pay package for 2009, according to a regulatory filing.
Rohr did not get a bonus in 2009 because of restrictions on executives of ...More
NEW YORK/SAN FRANCISCO (Reuters) - Viacom Inc accused Google Inc of turning a blind eye to illegal video clips on its YouTube site in a bid to attract viewers, according to court documents released on Thursday.
Google countered that Viacom managers continued to secretly upload content to YouTube even after ...More
WASHINGTON (Reuters) - Aviation regulators on Thursday proposed their second fine in a week against American Airlines, a unit of AMR Corp <AMR.N>, for alleged maintenance violations.
The latest civil penalty sought by the Federal Aviation Administration (FAA) totaled $300,000.
The agency alleged on Thursday that American mechanics misdiagnosed ...More
