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Samsung halts business with Chinese supplier over child labor fears

SEOUL - Samsung Electronics Co Ltd said on Monday it had suspended business with a Chinese supplier it suspected of employing child labor, less than a week after a U.S. watchdog report accused the supplier of using under-aged workers.

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Top Alibaba executives, investors may expand board after IPO: filing

SAN FRANCISCO - A group of 27 top executives and investors in Alibaba Group Holding Ltd, including co-founder Jack Ma, can appoint another two directors to the company's board once it goes public, according to a U.S. regulatory filing on Friday.

Tech, Media 12:11am EDT

Australia's David Jones shareholders back $2 billion South African Woolworths bid

SYDNEY - Shareholders of David Jones Ltd, Australia's No. 2 department store by sales, on Monday backed a $2 billion bid by South Africa's Woolworths Holdings Ltd, ending weeks of uncertainty over the intentions of top shareholder Solomon Lew. The vote cements Woolworth's largest ever deal and marks a new era for the 176-year-old Sydney-based firm, which has languished for half a decade as online retail ravaged its traditional store-based model.

Deals, Africa 13 Jul 2014

Citi, U.S. $7 billion settlement announcement expected Monday

NEW YORK - Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer

- Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil & Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc .

13 Jul 2014

Airbus jet re-launch heralds busy aerospace show

FARNBOROUGH, England - Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide-body jet, industry sources said, deepening a contest with Boeing for up to $250 billion of orders at the core of the long-haul jet market.

12:46am EDT

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