South Korea's LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer.
REUTERS: WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between US$10 billion and US$12 billion, a dramatic discount to the US$47 billion valuation it achieved in January, people familiar with the matter said on Friday. Were the We Company to press on...
Amazon Web Services said on Monday it was creating 500 jobs in Germany and opening a new office in Munich that will showcase what cloud computing can do for potential clients in Europe's largest economy.
German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro (US$4.8 billion) takeover bid from AMS and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive.
SINGAPORE: Sales of private homes by developers in Singapore rose 81.9 per cent in August from a year earlier, official data showed on Monday (Sep 16). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,122 units last month, compared with 617 units in the same month ...
The European Union plans to introduce a tax on digital services even in the absence of a global accord on a so-called 'web tax', the Commissioner-designate for Economic Affairs Paolo Gentiloni was quoted as saying on Monday.
China Mengniu Dairy unveiled a plan to buy infant formula maker Bellamy's Australia for A$1.43 billion (US$983 million), a lifeline for a target beset by regulatory problems that sent its shares soaring. Bellamy's shares after the news soared as much as 56 per cent to the highest in more than a ...
The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday.
DETROIT: The United Auto Workers union began a nationwide strike against General Motors on Monday (Sep 16), with about 46,000 members walking off the job after contract talks hit an impasse. The move to strike, which the Wall Street Journal described as the first major stoppage at GM in...
BRISBANE: Virgin Australia Holdings Ltd on Monday (Sep 16) said it entered an agreement to buy back the 35 per cent of its Velocity frequent flyer programme that it does not already own for A$700 million (US$481 million) from private-equity group Affinity Equity Partners. Australia's second ...
