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
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.
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.
- ECB outlook lifts Europe shares, Australian dollar sags
- U.S. economy resilient in third quarter as global growth cools
- BOJ's Shirai defends latest easing, rules out incremental action
- Juncker unveils investment plan to kick start EU growth
- Saudi, Russia pre-OPEC talks yield no oil output cut
- Bitcoin exchange Kraken to help in Mt. Gox bankruptcy
- British insurer Aviva to shut $2 billion fund of hedge funds unit
- Thomas Cook hit by shock CEO departure, slowing growth