Samsung Elec to freeze salaries in South Korea for first time since 2009

Samsung Electronics (005930.KS) will freeze wages in 2015 for employees inSouth Korea for the first time in six years, after the world's biggest smartphone maker saw profits fall in the face of rising competition.

Samsung Electronics

Standard Chartered picks ex-JPMorgan executive Winters as CEO to replace Sands

Standard Chartered (STAN.L) said former JPMorgan (JPM.N) investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.

Standard Chartered

GM cuts capacity, jobs in Indonesia, where Japanese dominate

General Motors (GM.N) is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to sport utility vehicles (SUVs).

General Motors



Jobs & Career News

Yellen faces Senate grilling on Fed rate policy, transparency

Janet Yellen

Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from U.S. lawmakers aimed at revealing details about the Fed's timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank.

Brent falls toward $58 as supply fears linger

Oil Refinery Plant

Brent fell toward $58 a barrel on Tuesday, extending the 2-percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy.

Rent walkouts point to strains in U.S. farm economy


Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed.

Honda CEO to step down, replaced by low-profile engineer


Honda Motor Co (7267.T) on Monday named an experienced, yet little known, engineer as its new chief executive, who will take over in late-June with the Japanese automaker battling the fallout from a slew of recalls that have shaken its reputation for quality.

Apple to spend $1.9 billion on new European data centers


Apple Inc said it would spend 1.7 billion euros ($1.9 billion) to build two data centers in Europe that would be entirely powered by renewable energy and create hundreds of jobs.


Ford starts export production of 2015 Edge at Canada plant

Ford Motor Co (F.N) said on Thursday it began production of the 2015 Ford Edge at its Oakville Assembly plant in Canada for export to more than 100 countries.


Boeing, FedEx battle back vs U.S. airlines on Gulf competition

A push by three U.S. airlines to curb competition from Gulf state carriers has triggered a sharp response from other powerful U.S. aviation companies including BoeingCo (BA.N) and FedEx Corp (FDX.N), potentially complicating the airlines' campaign for Obama administration support.

Stock Market

World stocks near all-time highs after Fed signals

World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates.


Despite wage hike, some Walmart shareholders seek change

A prominent investor in Wal-Mart Stores Inc (WMT.N) is pushing ahead with a campaign to link a portion of executive compensation to staff motivation, a sign that the retailer's wage hike last week won't end outside pressure over employee pay and benefits.

Warren Buffett

Buffett sets sights on German companies

Renowned U.S. investor Warren Buffett is readying for an acquisition spree in Europe's biggest economy after setting the ball rolling last week with the purchase of a niche German retailer by his Berkshire Hathaway (BRKa.N) holding company.


Malaysia's AirAsia X to cut costs, may defer plane deliveries: Acting CEO

Malaysia's AirAsia X Bhd (AIRX.KL) will cut flights on unprofitable routes, reorganize staff and defer some aircraft deliveries to turn around the loss-making long-haul budget carrier, the airline's acting chief executive said on Wednesday.


Toyota calls union pay demands impossible; talks outcome key for Abenomics

Toyota Motor Corp (7203.T) said on Wednesday it was "impossible" to meet union demands for a 13,300 yen ($112) monthly pay rise, as the automaker concluded the first day of labor talks widely considered crucial for Japan's economic recovery.

Stock Index

Dollar inches up on Yellen hopes, Greek breather

World shares held near all-time highs on Tuesday on relief that Greece had submitted reform plans and the dollar was firmer on expectations that Fed chair Janet Yellen would keep the bank nudging towards U.S. rate hikes.


CN Rail reaches tentative deal with union, averting lockout

Canada's biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a U.S. West Coast port logjam.

Jeroen Dijsselbloem

Grexit not being discussed: Dijsselbloem

Euro zone countries are not discussing a hypothetical Greek exit from the euro zone and only non-euro member Britain has discussed it, the head of the Eurogroup said on Tuesday.

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