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U.S. markets recover from steep losses
SEOUL, Oct. 10 (UPI) -- A South Korean appeals court tossed out a breach of trust charge against former Samsung Group Chairman Lee Kun-hee Friday, sparing him a prison term.
On a charge stemming from Lee's transfer of company holdings to his son, Jae-yong, Lee "cannot be held accountable for breach of trust," Judge Seo Ki-seog said, Yonhap news service reported.
The Seoul High Court, however, upheld Lee's tax evasion verdict, ordering him to pay a $79 million fine and affirming the lower court's suspended three-year prison sentence.
Lee was charged with evading $80 million in taxes by hiding his wealth in various stock accounts between 2000 and 2006, the news service said.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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SCOTTSDALE, Ariz., May 24 (UPI) --
Commercially sold Samsung smartphones and tablets will feature defense-grade cyber and information security systems under a partnership with General Dynamics.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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