Samsung tips huge jump in profit despite corruption scandal
10 April, 2017, 02:32
Samsung Electronics and SK hynix, South Korea's two largest semiconductor manufacturers, are reported to post stronger profits during the first quarter as demands grow worldwide.
The bright first quarter outlook came just hours before Samsung's vice chairman and de facto leader Jay Y. Lee was due in court on Friday, marking his first appearance in a trial where he and four other company executives face charges of bribery, embezzlement, perjury and hiding assets overseas, among others.
In this March 24, 2017 photo, a man walks past near a logo of Samsung Electronics in Seoul, South Korea. Samsung will report fiscal first quarter results on April 26 after the market close. Samsung scrapped its flagship smartphones previous year after they overheated and caught fire, leaving billions of dollars in financial damages and hurting its reputation.
Samsung, in a regulatory filing, said its January-March profit was likely 9.9 trillion won, $8.76 billion dollars, compared with an average forecast of 9.4 trillion won.
The operating profit is the firm's second-highest for a quarter and a rise of 48.2 percent compared to a year earlier. Its sales stayed almost flat at 50 trillion won ($44 billion) during the first quarter. He could spend more than 20 years in jail if convicted on all charges, including one that he pledged 43 billion won in bribes to foundations backed by Park and her confidant, Choi Soon-sil.
Schumer warns GOP against rules change on Supreme Court
In an interview with The Associated Press, Schumer says McConnell "can prove he cares about the Senate by not changing the rules". Few Democrats are expected to support his nomination and some have promised to filibuster when the vote reaches the floor.
Lonzo Ball's father blames 'three white guys' for UCLA loss
And because of the elder Ball saying dumb thing after dumb thing, everything Lonzo says is getting viewed with greater scrutiny. Lonzo , in an appearance on ESPN's " The Jump " recently, said he had no problem with it, as LeBron is his favourite player.
All this is happening amid management upheaval at South Korea's biggest family-run conglomerate, with third-generation leader Lee embroiled in a scandal that has already led to Park's removal from office for allegedly receiving bribes. Lee has denied wrongdoing.
Samsung is due to give more details of its financial results later this month.
Analysts said strong demand for mobile chips and displays for smartphones fueled the stellar profit during the typically slow season for smartphones and television sets. ― Reuters picSEOUL, April 7 ― Samsung Electronics Co Ltd forecast today its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the back of a memory chip super-cycle.
Samsung's latest flagship phone, the Galaxy S8, didn't debut until after the end of the quarter and isn't reflected in the figures. Last week, it presented and began taking preorders for its Galaxy S8, its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.
In her first interview since she lost, Clinton said she "wrestles" with the fact that her gender did influence the results. In an interview with Nicholas Kristof of The New York Times , Clinton blamed the loss on four factors, NBC News observes.
But the senior USA military officials, who weren't authorized to speak publicly on the matter and demanded anonymity, said U.S. The secretary of state is due to visit Moscow next week for what will be hard talks with President Vladimir Putin.
Numerous players have shared their disappointment, including star goaltender Carey Price of the Montreal Canadiens. On Tuesday, Alex Ovechkin made it clear that he's going to represent Russian Federation in PyeongChang, anyway.
But the Frenchman failed to make much of an impact at Old Trafford before being allowed to join Everton in January. Today was a good win and we have to keep working, keep believing we can reach the top four.
The Seminoles (28-6) used an 8-0 run to put the game away and will face top-seeded SC (30-4) on Monday for a Final Four berth. A steal and basket by Walker-Kimbrough cut the lead to 69-63 with just over 3 minutes left, capping an 8-0 Maryland run.
It would also bring a host of problems, given the malnourished state of many of North Korea's people and its poor health system. The potential of sports in the private sector was felt during the hockey game between the North and South Korean teams.
Regional Deputy Health Minister Mohammed Sharshar confirmed the toll. "I came back and the area was covered in smoke". Islamic State said two of its fighters wearing suicide vests carried out the attacks, and it warned of more to come.
But it didn't happen and the Serbian player won in straight sets. "But today we were able to regroup and get a win". David Goffin will look to wrap up proceedings when he faces Paolo Lorenzi in Sunday's reverse singles.
Abe told reporters Japan would cooperate closely with the United States and South Korea to protect people's lives and well-being. North Korean state media said the projectile is a surface-to-surface missile that can carry nuclear warheads.
Astros top Royals 5-4 on Gattis' bases-loaded walk in 12th
KANSAS CITY KEY TRENDS: The Royals are just 1-7 in Duffy's last eight starts and are winless at 0-4 in his last four road starts. Houston starter Mike Fiers allowed two runs, one earned, on five hits and three walks while striking out three in six innings.
A giraffe gave birth on camera; it wasn't April
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Johnson, McIlroy head crowded cast of Masters contenders
Luck has got his eye in playing practice rounds with Scott and Jason Day and on Tuesday he shared the fairways with Rory McIlroy. He feels very good about himself and likes being world No 1, which was our goal at the start of the year.
Two charged in death of four inmates at SC prison
Both Simmons and Philip are being held at the SC Department of Corrections, according to the arrest report from SLED. According to the paper, correctional officers have also been accused of assaulting inmates at the prison.
Syrian jets take off from air base US hit
Rebels support such strikes and everything that can reduce the power of the Syrian air force, he said. The Syrian government has strongly denied responsibility and says it does not use chemical weapons.
U.S. Special Forces Soldier Killed in Afghanistan
Smoke rises from the site of a blast and gunfire between Taliban and Afghan forces in Kabul , Afghanistan March 1. The soldier was a special forces operator and was killed in the Achin district, said US Navy Captain Bill Salvin.