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China's cash-strapped LeEco in talks to gain $1.4 billion from investor

By David Stanway and Jess Macy Yu | SHANGHAI/HONG KONG SHANGHAI/HONG KONG China’s cash-strapped LeEco said it is in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor, but the announcement was seen as insufficient to dispel concern over the high-tech conglomerate’s financial health. Led by …

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How ties to an 'equestrian princess' landed Samsung at center of a scandal

By Ju-min Park and Miyoung Kim | SEOUL SEOUL Samsung Electronics Co’s (005930.KS) sponsorship of the equestrian-athlete daughter of a long-time friend of President Park Geun-hye has helped to land South Korea’s top company in the center of the country’s influence-peddling scandal. Samsung agreed last year to pay $18 million …

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Foxconn joint venture to build $8.8 billion LCD plant in China

BEIJING A joint venture between Hon Hai Precision Industry Co (2354.TW), known as Foxconn, and Sharp Corp (6753.T) plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp’s plant will be a so-called Gen-10.5 facility specializing in large-screen LCDs …

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UFO conspiracy theorist who sent cryptic final text to mum ‘vomited two litres of black fluid’ before dying

A conspiracy theorist whose mum believes he was ‘murdered by his enemies’ vomited two litres of black fluid shortly before he died, an inquest heard. Max Spiers, 39, sought to expose government cover-ups and visited Poland to speak at a conference before he died on a sofa 24 hours later. …

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