Biz/Tech
Hyundai Recalls Sonatas on Seatbelt Concerns
South Korean car maker Hyundai Motor Co. has issued a recall for 140,000 of its Sonata mid-sized sedans in the United States and Canada to check possible defects in the front passenger seat belts
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Disney Looks for Tax Break Extension as it Readies Anaheim Expansion
Walt Disney Co. is looking for a 30-year extension to its tax exemption in Anaheim, California as the company plans to a billion dollar expansion in the city, but the mayor who previously supported the tax break is now looking to get more to fund government programs.
Samsung Profit Guidance Below Expectations as S6 Shortage Hurt Performance
South Korean tech giant Samsung Electronics Co Ltd onTuesday lowered its earnings guidance for the year as second quarter results fell below expectations due to shortage of its latest smartphone and falling sales in other market.
TerraForm's Wind Power Portfolio to Grow with Invenergy Acquisition
TerraForm Power Inc. and parent SunEdison Inc. are set to buy several windfarms in the United States and Canada from Invenergy Wind LLC for $2 billion.
Buffett donates $2.8 Billion to Charity Again
Warren Buffett, the second richest man in the world and among the greatest investors, donated on Monday $2.8 billion worth of Berkshire Hathaway stocks to five charities, continuing his tradition of philanthropy for the 10th straight year.
Philipp Morris to Sell Stake in Indonesian Unit to Comply with Public Float Rules
American cigarette maker Philip Morris International Inc. is looking to sell a billion dollars worth of its shares in its Indonesian subsidiary to comply with local rules on public float.
American Apparel Plans Restructuring, Doubtful of Fund Raising
Clothing retailer American Apparel announced plans to restructure its struggling business and admitted that it may not be able to raise the needed capital within the next 12 months.
Whole Foods Execs Apologize For Overcharging, Lay Out Improvement Plan
Following charges of overcharging at its New York stores, the top executives of grocery chain Whole Foods Market Inc apologized for unintentional mistakes that affected customers.
Kraft, Heinz Complete Merger, Cost Cuts to Follow
H.J. Heinz Co. and Kraft Foods Group Inc. completed on Thursday their merger to create one of the world's largest food and beverage company.
Fans Petition For 'Final Fantasy XV' PC Release! Square Enix Hints Possibility Through A Demo Titled 'Witch - Chapter 0?'
Fans Petition For 'Final Fantasy XV' PC Release! Square Enix Hints Possibility Through A Demo Titled 'Witch - Chapter 0?'
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