SEOUL - South Korea's Samsung Electronics Co Ltd on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.
Recent Technology News
- Twitter Inc is in talks to buy Shots, a selfie photo-sharing app, CNBC reported, citing a source close to the Justin Bieber-backed company.
SEOUL - South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won ($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.
- U.S. consumer, business spending data point to slowing growth
- U.S. new home sales rise in October, but September revised down
- Wall Street flat, near records after tepid data
- Saudi, UAE signal no push for OPEC oil cut
- Deere says equipment sales to fall further as farm incomes drop
- Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit
- U.S. regulator: Chrysler recall delay hikes air bag risk
- Ackman's Pershing Square sees big payoff from Allergan deal
- U.S. FAA proposes requiring fix for Boeing 787 Dreamliner
- Exclusive: Online protest delays EU plan to resolve U.S. trade row