Japan’s Securities and Exchange Surveillance Commission has accused Toshiba’s top management of accounting fraud for the period of 2012-2014. With reports appearing in the media that a security watchdog suspects Toshiba Corp of misreporting its profits by $339.59 million (40… Read More ›
Day: January 4, 2017
Samsung’s 3D NAND chips help rake in record profits
Samsung’s third quarter results expected to touch new heights. Despite Samsung’s Galaxy Note 7 fiasco, analysts have found that this is likely to be Samsung’s best quarterly profits in nearly 3 years. An aggressive sales strategy for its memory chips… Read More ›
South Korean court allows Italy’s Fincantieri to become a preferred bidder for STX France
The French state has a 33% stake in STX France. Last year, STX France delivered the largest passenger ship ever built – the ‘Harmony of the Seas’. A spokesman for South Korea’s court has reported that the court had given… Read More ›