By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters. Thursday's winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value, and sparked howls of protest from investors, rekindling worries about corporate governance at South Korea's conglomerates, or chaebol. ...
ANKARA, Turkey - Turkish Prime Minister Ahmet Davutoglu said Saturday that 49 Turkish hostages who were seized by Islamic militants in Iraq have been freed and safely returned to Turkey, ending Turkey's most serious hostage crisis.
NEW YORK, N.Y. - More defiant than contrite, Roger Goodell announced no sweeping changes in his first public statements in more than a week of turmoil surrounding the NFL's handling of players accused of crimes.
By Lincoln Feast and Gernot Heller CAIRNS Australia (Reuters) - As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more government stimulus. Opening the meeting of finance ministers and central bankers, Australian Treasurer Joe Hockey outlined an ambitious agenda of boosting world growth, fireproofing the global banking system and closing tax loopholes for giant multi-nationals. ...
WASHINGTON - A man jumped over the fence of the White House and made it through the front door before officers managed to apprehend him, just minutes after President Barack Obama had departed, the Secret Service said.
Starkly differing Liberal and Progressive Conservative visions of how to reignite New Brunswick's jobs renaissance of the 1990s â€” still referred to as "the McKenna Miracle" â€” are being presented to voters worried about the economy in Monday's provincial election.
MINSK, Belarus - Negotiators in Ukrainian peace talks agreed early Saturday to create a buffer zone to separate government troops and pro-Russian militants and withdraw heavy weapons and foreign fighters in order to ensure a stable truce in eastern Ukraine.
CALGARY - Costs for the long-delayed Keystone XL pipeline will likely balloon from US$5.4 billion to as much as US$10 billion, TransCanada Corp. confirmed Friday, as the project marked its sixth year in regulatory limbo.