United States



GM proposes $2.8 billion, 10-year investment in South Korea: government official

SEOUL General Motors has proposed investing $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday.

Recent Business News

Steven Cohen loses bid to seal lawsuit alleging sexism at Point72

NEW YORK A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism toward women.

Feb 20 2018

US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank.

Feb 20 2018

Lotte Group Chairman Shin Dong-bin relinquishes management rights at Japanese holding company

SEOUL Lotte Group Chairman Shin Dong-bin has relinquished his representative rights at a key Japanese holding company, the Japanese company announced on Wednesday.

4:20am EST

Judge denies AT&T access to White House correspondence on Time Warner deal

WASHINGTON A judge on Tuesday denied AT&T Inc's request to see White House communications that might shed light on whether U.S. President Donald Trump pressured the Department of Justice to try to block the wireless carrier's purchase of Time Warner Inc .

Feb 20 2018

Thomson Reuters says CEO Jim Smith to make full recovery after arrhythmia incident

TORONTO Thomson Reuters Corp said on Tuesday Chief Executive Officer Jim Smith is in stable condition after an arrhythmia incident on Feb. 12 and is expected to be released from hospital within the next two weeks.

Feb 20 2018


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