October 15, 2018

Korean Air chief indicted on embezzlement, other charges: prosecutors

Korean Air Lines Co Ltd Chairman Cho Yang-ho was indicted on Monday on charges including embezzlement and breach of trust, South Korean prosecutors said, adding to […]
October 15, 2018

Prosecutors search Opel offices in Germany in diesel probe

German prosecutors were searching German sites of carmaker Opel, a division of PSA Group , in Ruesselsheim and Kaiserslautern on Monday as part of a probe […]
October 15, 2018

Sears, once a retail titan, files for Chapter 11 bankruptcy

Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old […]
October 15, 2018

Novo Nordisk picks AstraZeneca executive to head biopharma business

Novo Nordisk has hired AstraZeneca’s head of cardiovascular and metabolic diseases to head its biopharma business, which has been struggling with declining sales and a failed […]
October 15, 2018

Asian shares resume decline, Saudi tensions lift oil prices

Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite […]
October 15, 2018

Disney offers EU antitrust concessions over $71.3 billion Fox deal

Walt Disney has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox Inc’s entertainment assets, the […]
October 15, 2018

Unwelcome guest: U.S. tariffs loom at China’s biggest trade fair

Amid gathering gloom over the state of the Chinese economy, exporters of motorcycles, tractors, photocopiers and Christmas tree lighting will join thousands of other companies peddling […]
October 15, 2018

Exclusive: HNA held talks with Ant, others as it weighs options for IT unit Pactera – sources

China’s HNA Group is exploring an outright sale and other options for its IT outsourcing unit Pactera and has held talks with investors including Ant Financial […]
October 15, 2018

Asian shares resume descent, oil prices up on Saudi tensions

Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite […]
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