The chairman of Samsung, Lee Kun-Hee was questioned by investigators for a whole day for alleged bribery. The powerful business tycoon was questioned twice in the last five days. The investigations into Korea’s biggest business empire began in January and it was feared that these allegations may lead to the division of the family business. […]

Dell yesterday announced that it would cut more than 8,800 jobs in the next four years in order to curtail some $3 billion of costs spent on its employees. Michael Dell, founder of the company told that the saving measure would include outsourcing some of its manufacturing operations and reform in logistics network. The company […]

TT Electronics, one of the major industry groups of UK stated that the worldwide credit crisis could increase the acquisition activities in the electronics sector. The company itself is on the look out of tactical acquisitions to expand its business and it hopes that the private equity groups may come forward to sell their businesses […]