Business

Seoul prosecutors raid Lotte Group headquarters

SEOUL, South Korea (Reuters) -- Seoul prosecution investigators raided Lotte Group headquarters on Friday (June 10) morning, a group spokesman…

Blue diamond sells for $25 mn in New York

NEW YORK, United States (AFP) -- A blue diamond from the South African mine famous for contributing to the British…

Google co-founder fuels flying car labs: report

SAN FRANCISCO, United States (AFP) -- Google co-founder Larry Page has secretly poured more than $100 million into building flying…

Apple revamps App Store with new revenue plan, ads

SAN FRANCISCO, United States (AFP) -- Apple said Wednesday it was revamping its App Store with a new revenue-sharing model…

Ralph Lauren cutting jobs, shutting stores

Ralph Lauren chopping a 1,000 jobs - about eight percent of its full-time positions - and shutting down fifty stores.…

Prosecutors raid Daewoo Shipbuilding over fraud allegations

SEOUL, South Korea (AFP) -- Prosecutors on Wednesday raided Daewoo Shipbuilding and Marine Engineering Co. (DSME), one of South Korea's…

Power rates down in June – Meralco

MERALCO will reduce its overall power rate by 13 centavos to Php 8.32 per kilowatt-hour this month, driven by the…

Most Asian markets up after Wall St gains, eyes on US jobs

HONG KONG, China (AFP) -- Stocks mostly rose in Asia Friday following a strong lead from New York, while optimism about…

Hyundai Heavy wins creditor approval for overhaul

SEOUL, South Korea (AFP) -- South Korea's Hyundai Heavy Industries has received the green light for a near 3.0 billion…

Pharma sector set for wave of mergers, acquisitions: study

FRANKFURT, Germany (AFP) -- The pharmaceuticals sector is facing an intensive period of mergers and acquisitions in the coming years, even…

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