By Sumeet Chatterjee and Joyce Lee SEOUL (Reuters) – Shares in Samsung Electronics Co Ltd worth about $1.1 billion are being sold by Kookmin Bank on Thursday, according to a term sheet seen by Reuters. About 19.9 million shares are being sold at 68,800 won per share, the term sheet showed. Samsung Electronics did not…
FORT WORTH, Texas (AP) — A former Boeing Co. test pilot was acquitted Wednesday on felony charges of deceiving federal regulators about a key flight-control system that played a role in two deadly crashes involving 737 Max jets. A jury in federal district court in Fort Worth deliberated less than two hours before finding Mark…
TOKYO (Reuters) – Japan’s manufacturing activity sped up in March from the prior month as a reduction in COVID-19 cases in the country helped lift orders and production, however, surging input prices and Russia’s war in Ukraine clouded the outlook. Activity in the services sector, which has been battered by the pandemic, contracted for the…
TOKYO (Reuters) – Bank of Japan policymakers agreed that consumer inflation may overshoot their expectations if companies pass on rising costs quicker than expected, minutes of the central bank’s January meeting showed on Thursday. Many in the BOJ’s nine-member board said they were closely watching developments in wages, as they make up a big component…
OMAHA, Neb. (AP) — BNSF’s two largest unions will ask an arbitrator to throw out the railroad’s strict new attendance policy instead of appealing a court order preventing them from striking. The unions that represent 17,000 BNSF workers said Wednesday they decided that arbitration will provide the quickest resolution to the dispute because they can…
By David Shepardson (Reuters) -A jury in Texas on Wednesday found a former chief technical pilot for Boeing accused of deceiving federal regulators evaluating the company’s 737 MAX jet not guilty, court records showed. Former Boeing pilot Mark Forkner was indicted in October on charges of scheming to defraud Boeing’s U.S.-based airline customers to obtain…
(Reuters) -National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will start a further on-market share buyback of up to A$2.5 billion ($1.87 billion), following the completion of a similar repurchase. The new buyback will reduce the bank’s common equity tier 1 (CET1) capital ratio by about 58 basis points towards…
(Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will commence a further on-market buyback of up to A$2.5 billion ($1.87 billion) of its shares, after completing a similar repurchase. ($1 = 1.3342 Australian dollars) (Reporting by Indranil Sarkar in Bengaluru; Editing by Shailesh Kuber)
By Tassilo Hummel and Gilles Guillaume PARIS (Reuters) -Renault SA, the Western carmaker most exposed to the Russian market, said on Wednesday it would suspend operations at its plant in Moscow while it assesses options on its majority stake in Avtovaz, the country’s No. 1 carmaker. The move came amid mounting pressure over the French…
NEW YORK (AP) — Home Depot said Wednesday that a worksheet about privilege that went viral is an unauthorized document from the company’s Canada division. An anonymous Twitter account with the handle “Libs of TikTok,” which has almost 600,000 followers and focuses on ridiculing liberals, posted a photo of the worksheet entitled “Unpacking Privilege,” declaring…
