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Samsung faces pressure to slash spending as chip demand slows

Bloomberg With Samsung Electronics Co. set to report its first drop in quarterly profit in two years, investors are counting on the world’s biggest chipmaker to cut capital spending to keep profits flowing during a supply glut. Samsung will probably report a 15 percent decline in net income to about 10.2 trillion won ($9.1 billion) for the last three months ...

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Kirin expands its wellness business

Bloomberg Kirin Holdings Co. agreed to acquire most of the biochemicals business from its Kyowa Hakko Kirin Co. unit in a transaction valued at 128 billion yen as it seeks to strengthen its budding consumer health-care segment. Kirin is purchasing a 95 percent stake in Kyowa Hakko Bio Co., which produces specialty chemicals and vitamins for the health and wellness ...

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Billionaire’s wireless bankruptcy may aid richer brother

Bloomberg In a twist to the tale of two rival billionaire brothers in India, a bankruptcy filing by Anil Ambani’s wireless carrier could have one clear winner — his elder sibling’s disruptive mobile phone unit. The process initiated in Mumbai, once admitted by the court, would leave Ambani’s Reliance Communications Ltd., or RCom, 270 days to repay debt or liquidate. ...

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