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Home2019

Year: 2019

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Business News

LG Elec sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins

January 8, 2019 admin Comments Off on LG Elec sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins

South Korea’s LG Electronics Inc said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations.

…read more […]

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Business News

Ghosn’s lawyer: Nissan agreed on transfer of currency contracts

January 8, 2019 admin Comments Off on Ghosn’s lawyer: Nissan agreed on transfer of currency contracts

Nissan Motor Co had agreed with former chairman Carlos Ghosn to take on his personal foreign exchange contracts, his lawyer said, disputing allegations of financial misconduct.

…read more […]

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Business News

Asian shares run out of gas; investors look to Sino-U.S. trade talks, Fed policy

January 8, 2019 admin Comments Off on Asian shares run out of gas; investors look to Sino-U.S. trade talks, Fed policy

Asian shares dipped on Tuesday, running out of steam after a brief rally sparked by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.

…read more […]

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Business News

India’s top court allows Monsanto to claim patents on GM cotton: company source

January 8, 2019 admin Comments Off on India’s top court allows Monsanto to claim patents on GM cotton: company source

India’s Supreme Court on Tuesday allowed Monsanto to claim patents on its genetically modified cotton seeds in the world’s biggest producer of the fiber, a company source said.

…read more […]

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Business News

S&P downgrades PG&E ratings to ‘junk’ status

January 8, 2019 admin Comments Off on S&P downgrades PG&E ratings to ‘junk’ status

S&P Global Ratings on Monday stripped PG&E Corp of its investment-grade credit rating, citing indications of a significant deterioration in the political and regulatory environment for the California power utility.

…read more […]

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Business News

More U.S. regions see job openings outnumbering jobless

January 8, 2019 admin Comments Off on More U.S. regions see job openings outnumbering jobless

Job openings are outnumbering unemployed workers across increasingly wide swaths of the United States, forcing businesses to rethink how they find workers, which could keep pressure on the Federal Reserve to raise interest rates despite a global economic slowdown.

…read more […]

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Business News

Samsung Elec says weak chip demand pushed Q4 profit well below market estimates

January 8, 2019 admin Comments Off on Samsung Elec says weak chip demand pushed Q4 profit well below market estimates

Samsung Electronics surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to “ease confusion” among investors already fretting about a global tech slowdown.

…read more […]

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Business News

Nissan’s Ghosn claims innocence in first appearance since November arrest

January 8, 2019 admin Comments Off on Nissan’s Ghosn claims innocence in first appearance since November arrest

Nissan Motor Co Ltd’s ousted Chairman Carlos Ghosn declared he was innocent on Tuesday in his first public appearance since his arrest in November, telling a Tokyo court that he was wrongly accused of financial misconduct.

…read more […]

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Business News

Asian shares propped up by hopes for Sino-US trade deal, cautious Fed

January 8, 2019 admin Comments Off on Asian shares propped up by hopes for Sino-US trade deal, cautious Fed

Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.

…read more […]

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Business News

Statement by ex-Nissan chairman Carlos Ghosn in Tokyo court

January 8, 2019 admin Comments Off on Statement by ex-Nissan chairman Carlos Ghosn in Tokyo court

The following are prepared remarks by Carlos Ghosn, ex-chairman of Nissan Motor Co, for his court appearance in Tokyo on Tuesday regarding allegations against him of aggravated breach of trust. The statement was released by Ghosn’s lawyers in the United States.

…read more […]

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Business News

Nissan’s Ghosn says he is innocent in first appearance since November arrest

January 8, 2019 admin Comments Off on Nissan’s Ghosn says he is innocent in first appearance since November arrest

Nissan Motor Co Ltd’s ousted Chairman Carlos Ghosn defended himself against allegations of financial misconduct in a Tokyo court on Tuesday, declaring his innocence in his first public appearance since his arrest in November.

…read more […]

Newsmakers

CytoDyn (OTC: CYDY) to Deliver Presentation at Biotech Showcase Conference

January 8, 2019 admin Comments Off on CytoDyn (OTC: CYDY) to Deliver Presentation at Biotech Showcase Conference

BLA update and major licensing initiatives in cancer and immunology VANCOUVER, Washington, Jan 08, 2019- CytoDyn Inc. (otc.qb:CYDY), a biotechnology company developing a novel humanized CCR5 monoclonal antibody for multiple therapeutic indications, today announced that […]

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Business News

Samsung Electronics flags first profit drop in two years on weak chip demand

January 8, 2019 admin Comments Off on Samsung Electronics flags first profit drop in two years on weak chip demand

South Korea’s Samsung Electronics Co Ltd on Tuesday estimated a 29 percent drop in quarterly operating profit, its first decline in two years, as it flagged tough memory chip and mobile phone markets in a rare commentary.

…read more […]

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Business News

Asian shares extend rebound on hopes for trade deal, cautious Fed

January 8, 2019 admin Comments Off on Asian shares extend rebound on hopes for trade deal, cautious Fed

Asian shares rose for the third straight session on Tuesday as investors bet that Washington and Beijing are inching toward a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.

…read more […]

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Business News

Samsung Electronics flags profit drop on weak chip demand

January 8, 2019 admin Comments Off on Samsung Electronics flags profit drop on weak chip demand

South Korea’s Samsung Electronics Co Ltd on Tuesday estimated a 29 percent drop in quarterly operating profit, its first decline in two years, as it flagged tough memory chip and mobile phone markets in a rare commentary.

…read more […]

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