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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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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

FTC settles ad allegations on PlayStation Vita gaming console

WASHINGTON - Sony Computer Entertainment America has agreed to settle allegations it misled consumers about features of its PlayStation Vita handheld gaming console, the Federal Trade Commission said on Tuesday.

Media 25 Nov 2014

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