Samsung’s Lee tightens grip on conglomerate in USD9.3b deal

Cheil Industries Inc., the de facto holding company of Samsung Group and which counts Lee as the largest shareholder, agreed to acquire Samsung C&T Corp., according to a filing Tuesday.

Samsung’s profit hit by bigger iPhones, sinks 39 percent

Samsung Electronics Co. said its first quarter net profit plunged 39 percent as consumers switched to bigger iPhones, squeezing earnings from its mobile business to less than half what they were a

Samsung seeks boost from redesigned Note 

With the Note 4 launch in the U.S. last week, Samsung introduced one of the biggest design changes to the Note series since it started sales three years ago, ditching plastic in

Samsung profits suffer from iPhone competition

The world’s biggest smartphone maker is suffering a stunning financial decline in the face of intense competition from Apple Inc. and upstart Chinese brands. In a preview to earnings due out

Samsung to launch new phone in China before Apple

Samsung Electronics Co. said yesterday its latest Galaxy Note 4 smartphone will go on sale in China and South Korea later this month as its flagging mobile business tries to defend sales

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