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Hanjin says U.S.-bound ship is being held ‘hostage’

“There is no clear visibility yet on what will happen with this business,” Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Since then, the Hanjin Boston, Hanjin Greece and Hanjin Gdynia have begun to unload. As of Wednesday, of Hanjin's 97 container ships, 36 were waiting outside of overseas ports, according to South Korea&#

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Hanjin says U.S.-bound ship is being held ‘hostage’

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Apple Japan unit ordered to pay $118 million tax for underreporting income: media

An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The Tokyo Regional Taxation Bureau determined that the unit, which…

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Apple Japan unit ordered to pay $118 million tax for underreporting income: media

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

General Electric Co said it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom's first new nuclear power plant in decades. By approving Hinkley Point on Thursday, the UK government

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Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it announced the recall in cooperation with the U.S. Consumer Product Safety Commission (CPSC). The recall is a costly setback for Samsung, which was counting on Galaxy Note 7 to bolster sales as rivals such as Apple Inc launch new devices. The scale of the recall is unprecedented

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones