Samsung Electronics Co. agreed to buy a stake in Grandis Inc., Samsung spokesman James Chung said by phone today, confirming an earlier Maeil Business Newspaper report. Chung declined to comment on the cost of the acquisition and the size of the stake.
Samsung Electronics Co. said it is investigating a complaint that a new Galaxy S III smartphone overheated, a day after the world’s top mobile-phone maker began U.S. sales of the latest model in its best-selling series.
In her black robe and strand of white pearls, Lucy Koh projects the serious, deliberate demeanor befitting a U.S. District Court judge. The Harvard-educated former federal prosecutor has served on the California state bench and as a partner in a Silicon Valley law firm, where she litigated technology patent lawsuits.
China Railway Construction Corp. agreed to buy a 15 percent stake in Inter Milan from the Moratti family, valuing the Italian soccer club at 500 million euros ($611 million), according to two people familiar with the talks.
Samsung Electronics Co. plunged the most in almost four years, wiping out more than $12 billion in market value, on concern some devices may be banned in the U.S. after a jury said it violated Apple Inc. patents.
Microsoft Corp. and Samsung Electronics Co. may face greater scrutiny of their labor practices as Apple Inc.’s biggest supplier improves conditions at its Chinese plants after protests by rights activists.