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Samsung’s big deals, decisions on hold as Lee faces indictment

  Bloomberg The indictment of Samsung Electronics Co. de facto chief Jay Y. Lee and four other top executives on bribery and embezzlement charges threatens the company’s ability to make major strategic decisions, including acquisitions and management changes. While the world’s biggest maker of mobile devices has capable managers who will, as before, continue to roll out new products and ...

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Hyperloop One pitches to operate carrier in India

  Bloomberg Hyperloop Technologies Inc., which is building a super-fast transportation solution based on an idea by billionaire Elon Musk, is in initial talks with the Indian government and companies to partially build and operate the vehicle on some routes, its chief executive officer said. The Los Angeles-based company, known as Hyperloop One, will decide by end of this year ...

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Hong Kong’s biggest developer sees 57% profit rise

  Bloomberg Sun Hung Kai Properties Ltd., Hong Kong’s largest developer by market value, said half-year underlying earnings rose 57 percent, as sales benefited from a surging home market. Profit excluding property revaluations climbed to HK$14.6 billion ($1.9 billion) in the six months ended December 31, compared with HK$9.3 billion a year earlier, the firm said in a statement to ...

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