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Philips discloses conflict with US over defibrillators; Q4 earnings miss estimates

By Toby Sterling AMSTERDAM (Reuters) – Medical equipment maker Philips on Tuesday disclosed a conflict with the U.S. government over defibrillators it sold in 2015 and before, along with fourth-quarter earnings in which it missed analysts’ estimates. Philips repeated its … Continue reading

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Malaysian low-cost long-haul carrier AirAsia X cleared for U.S. flights

Malaysia’s AirAsia X Bhd (AIRX.KL) on Tuesday said it has become Asia’s first low-cost carrier to receive approval to operate scheduled passenger flights to any destination within the United States. The long-haul airline in a statement said it gained approval … Continue reading

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Goldman Sachs files $1 billion countersuit against Indonesian businessman

The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo

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Ford launches brand to sell auto parts to fix competitors' vehicles

By Bernie Woodall | DETROIT Ford Motor Co (F.N), in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops … Continue reading

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More businesses must work with suppliers to curb climate change: study

The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook – RTX1TGK7

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Most Asian markets gain even as Trump pulls out of Trans-Pacific Partnership

Most Asian stock market indices were trading higher on Tuesday (24 January), with the Shanghai Composite up 0.10% at 3,139.80 as of 4am GMT, despite Donald Trump pulling out of the 12-nation Trans-Pacific Partnership (TPP). On Monday, the 45th president … Continue reading

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Chinese court sentences former Sinopec president to 15 and half years in prison

Sinopec Vice Chairman and President Wang Tianpu attends a news conference in Hong Kong March 28, 2011. REUTERS/Bobby Yip

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Takata shares lose nearly half their value in less than a week

A sign with the TAKATA logo is seen outside the Takata Corporation building in Auburn Hills, Michigan May 20, 2015. REUTERS/Rebecca Cook/File Photo

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China to strengthen market regulation by 2020

A security guard keeps watch on the Bund in front of the financial district of Pudong in Shanghai, China October 19, 2016. REUTERS/Aly Song

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Samsung Elec Q4 profit jumps as record chip earnings mask Note 7 failure

SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> on Tuesday said fourth-quarter operating profit jumped 50 percent to its highest in over three years, as record earnings in its chips business masked the negative impact of its failed Note 7 … Continue reading

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