Bloomberg For years India’s state-run companies coughed up hefty dividends when the government needed cash. Now the treasury is being forced to return the favour. Prime Minister Narendra Modi will spend about $9.5 billion to resuscitate telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, Telecom Minister Ravi Shankar Prasad said.

Bloomberg Samsung Electronics Co posted better-than-expected earnings and projected a gradual recovery in the memory chip market in 2020 as fifth-generation wireless technology rolls out globally. Shares in South Korea’s largest company climbed as much as 2% after it posted net income of 6.1 trillion won ($5.2 billion) for the September quarter, surpassing the 5.5 trillion won average of projections. ...

Bloomberg United Auto Workers (UAW) leaders endorsed a tentative agreement with Ford Motor Co and sent it to workers for a ratification vote after contract negotiations that lacked the drama surrounding the 40-day strike at General Motors Co. While the deal calls for the closing of an engine plant in Michigan, it also includes $6 billion of product investments in ...