Samsung heir accused of bribery, perjury as trial opens
Over at Samsung headquarters meanwhile, the company reported preliminary operating profit of 9.9 trillion won ($8.7 billion) for the first quarter of 2017, a jump of nearly 50% from a year ago.
The technology firm has also reported a 48% jump in profits during the first three months of 2017, despite challenges around the failure of its Galaxy Note 7 handset a year ago.
Samsung holds back details about each business division's performance until it posts the finalised earnings report later this month. Samsung Electronics is estimated to have earned more than 6 trillion won ($5.3 billion) from chip business in the first three months of 2017 led by a recovery in prices of mainstream chips and heated demand for next-generation memory to run high-performance computing and mobile devices.
The jump in operating profits came despite Samsung sales only increasing by 0.44 percent to 50 trillion won on-year.
Choi and Park, who are now in custody, have been identified by prosecutors as accomplices. Problems began a year ago with widespread reports of exploding Galaxy Note 7 handsets.
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LG did not elaborate on its earnings estimates and will provide detailed financial results at end-April.
In court, Lee listened as prosecutors accused him of bribing Park and her confidant, Choi Soon-sil, in order to win support for a key merger that would cement his leadership of the sprawling Samsung business empire.
Ms Park was arrested last week, after being impeached, and sent to a detention centre, although she has not yet been formally charged. Lee has previously denied the charges, saying that while Samsung did give money to the foundations, he didn't know Choi controlled them nor did he expect anything in return.
The scandal engulfed Park's administration, prompted millions of South Koreans to regularly protest in the streets and culminated in Park's ousting in March. The mobile business is expected to turn out strong figures from the second quarter upon the release of Galaxy S8 series. This is double the number of Galaxy S7 sold previous year in the first 3 months launch period.
Some researchers forecast the S8, which sports the largest screens for Samsung high-end smartphones to date, to set a new first-year sales record.
Sharks come home to face Oilers for Game 3
The only time the Sharks held a lead in the series was when Karlsson scored in overtime for the Sharks in their 3-2 win in Game 1. In fact, they did it quite handily as the Oilers doubled up the Sharks in shots 36-16 in their complete game effort on Friday.
Nokia 6 Starts Receiving Android 7.1.1 These Days
The update began rolling out to Nokia 6 units over the weekend, so it might be available for most Nokia 6 units by now. Global customers will receive the device, preinstalled with latest Android 7.1.1, in the second quarter of the year.
Detroit police officer injured after being shot in face shotgun
According to police, one officer was hit in the face by two shotgun shell pellets and the other was injured by flying glass. The shooting occurred around 11:45 p.m.in the 20500 block of Lesure Street when police responded to a burglary call.
NYC may force Uber to allow tips
Drivers for Uber have been agitating for years for the addition of a tipping option in the app, something rival Lyft . The IDG represents Uber drivers in the NYC and wields significant clout in the community.
Escalating tensions between the US and North Korea: What's going on?
The official said it wasn't immediately clear what Kim Won Hong's current role was with North Korea's government. State television showed what appeared to be several KN-08 missiles rolled out on trucks at the parade.
Trump's Reversals Come After Crash Course on Issues
Because of these actions, many economists and investors had already suspected that China wouldn't meet Treasury's criteria. Treasury has also placed China, Japan, South Korea, Germany and Switzerland on the list.
Trump said to back US-led bid for World Cup 2026
As the 2018 and 2022 World Cup were allotted to Russian Federation and Qatar, no Asian and European countries were allowed to bid. The officials said the three-country bid would save money and help each country promote football at home.
Harrison Ford visit, Fisher tribute launch Star Wars event
The LEGO Group are giving away 20 copies of the Star Wars Celebration Orlando exclusive set, Detention Block Rescue. According to Entertainment Weekly , starting in the summer, they will debut on YouTube.
University of Idaho blast critically injures 1
However, a student tells KHQ that those injured by the launch are part of NORE, the Northwest Organization of Rocket Engineers. According to the university's website, the organization is made up of faculty and students who design, build and test rockets.
Hillary Clinton shares her thoughts on Donald Trump presidency at Houston Luncheon
She was addressing a luncheon on Friday for Annie's List, which works to elect progressive women in the state of Texas. Comedian Samantha Bee, who introduced Clinton onto the stage, said, "It's actually hard to know what to say today".
Apr 16 2017