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Samsung Electronics to buy back $2 billion in shares

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.

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Twitter in talks to buy Bieber-backed selfie app Shots: CNBC

- 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.

Deals 25 Nov 2014

Samsung Group sells shares in chemical, defense arms for $1.7 billion

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.

Deals, South Korea 25 Nov 2014

Microsoft to pay China $140 million for 'tax evasion'

SEATTLE - China has levied about $140 million in back taxes from Microsoft Corp in the first major case concerning cross-border tax evasion in the country, as regulators ramp up pressure on U.S. corporations doing business there.

25 Nov 2014

Sony Pictures computer system down after reported hack

- Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio.

25 Nov 2014

Sony to cut TV, smartphone lineup; sees growth in PlayStation, image sensors

TOKYO - Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multi-billion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years.

Media 25 Nov 2014

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