LG sees best first quarter for almost eight years

Reuters

At an event that's been dubbed the "trial of the century", prosecutors spent an hour laying out the charges against Lee, South Korea's highest profile business leader.

According to Samsung, operating profit for the first three months of this year is estimated at 9.9 trillion won ($8.7 billion), up 48 percent from a year earlier.

Samsung, the world's largest maker of smartphones and display panels, has unveiled the Galaxy S8 smartphone last week, which is set to go on sales later this month.

Revenue for the quarter likely rose 9.7 percent to 14.7 trillion won, the firm said. An issue that caused Samsung's own Vice Chairman Jay Y. Lee to be arrested and he is now facing charges for bribing their former president Park Geun-hye.

Samsung has denied any wrongdoing and Lee, who was arrested in February, has pleaded not guilty.

Ousted South Korean president Park Geun-hye (C) leaves the prosecutors' office in a vehicle as she is transferred to a detention center, in Seoul, South Korea, March 31, 2017. Then, earlier this year the company's de facto leader Lee Jae-yong was arrested by South Korean authorities and charged over his involvement in the corruption scandal that led to the impeachment of former President Park Geun-hye.

'I Think' Susan Rice May Have Committed A Crime
Rice has come under fire this week amid reports that she was responsible for the unmasking of the identities of Trump associates . Certain government officials such as Rice may request names to be revealed to help them understand the intelligence reports.

Samsung has been going through a rough patch due to Galaxy Note 7's debacle and massive corruption scandal that was unearthed in its homeland. Lee, who was arrested in February, has been charged with paying almost $40 million to the now-impeached president's close friend Choi Soon-Sil, allegedly as bribes to secure policy favours.

Lee's case was a typical example of the "unhealthy relations between politicians and businessmen", said Special Prosecutor Park Young-soo.

Samsung will deliver the official results later this month.

Samsung Electronics Co. posted higher-than-projected profit on strong sales of memory chips and displays, showing that its core businesses remain stable even after losing its global lead in smartphones to Apple Inc.

The forecast will come as welcome news to the South Korean giant after a torrid period in which it had to ditch its flagship Galaxy Note 7 handset after several battery fires.

The Seoul district court is expected to give its ruling in May.

Related News:

  • North Korea says Syria airstrikes prove its nukes justified

    North Korea says Syria airstrikes prove its nukes justified

    The launches are considered to be in violation with the corresponding resolution adopted by the United Nations. It has conducted five nuclear tests, two since the beginning of previous year , and scores of missile tests.
    Judge plans to block abortion-restricting abortion rules

    Judge plans to block abortion-restricting abortion rules

    The financially rich Planned Parenthood could have solved the problem by installing sonogram equipment at its satellite centers. The Planned Parenthood clinic on Fairfield Street is among those faced with a possible loss of federal funding.
    Keyboard Kimura: Cormier can't shake the asterisk that comes with his title

    Keyboard Kimura: Cormier can't shake the asterisk that comes with his title

    Johnson is coming off three consecutive KO/TKO wins, including a 13-second stoppage of Glover Teixeira a year ago . I don't go in there half-assing. " Ryan Bader shot from halfway across the Octagon".
  • Gun theft suspect threatens schools, sent 'manifesto' to Trump

    Gun theft suspect threatens schools, sent 'manifesto' to Trump

    Thursday morning, reports of a man with a gun who appeared to be drunk at Lincoln Elementary School prompted a lockdown. He can be seen buying stamps at the Janesville Post Office before crossing the street and mailing the manifesto.

    Davis Cup: US wins doubles to stay alive in quarterfinal

    Jordan Thompson will face John Isner , who was in excellent form despite losing to Kyrgios on Saturday over three tense sets. Thompson, Australians No. 2 singles behind No. 16 Kyrgios, was a prohibitive underdog against Sock.
    Molina Lost a Ball Because It Was Stuck to His Chest Protector

    Molina Lost a Ball Because It Was Stuck to His Chest Protector

    Dan Altavilla (1-0) pitched a scoreless eighth for the win and Edwin Diaz struck out two in a ideal ninth for his first save. He became a World Series hero by returning early to start four road games as the Cubs' designated hitter against Cleveland.
  • Yankees' Greg Bird sits with sore right ankle

    Gardner doubled ahead of No. 2 hitter Sanchez in the fifth, and then Sanchez - just 1-for-14 on the season entering that at-bat. Given the position that Sanchez plays - catcher - it will be interesting to see how much time Sanchez will spend on the shelf.

    Equaliser almost made me vomit: Klopp

    At first it seemed Klopp might not fancy him but during the second half of last season it appeared he'd become the golden boy. Despite the fact that Joshua King was surrounded by red shirts, the Bournemouth midfielder still managed to get his shot off.
    Sensex slips 47 points as RBI holds policy rate

    Sensex slips 47 points as RBI holds policy rate

    Around 3 PM, BSE Sensex traded lower by 82 points, or 0.27%, to 29,892, while the Nifty 50 falls 28 points, or 0.31%, to 9,237. The central bank also raised the growth forecast for the current fiscal to 7.4% from 6.7% in 2016-17.
  • Harry Kane Striker back to boost Tottenham title hopes

    Harry Kane Striker back to boost Tottenham title hopes

    Spurs made it six league victories on the spin with a dominant showing to maintain the heat on leaders Chelsea. Spurs' cause will be aided by the return of Harry Kane who has missed the last month with an ankle injury.
    Curry Doubtful For Durant's Likely Return To Action

    Curry Doubtful For Durant's Likely Return To Action

    However, two-time reigning MVP Stephen Curry is listed as doubtful to face the Pelicans on Saturday because of a bruised knee. At 65-14, the team is now 4.5 games clear of the San Antonio Spurs, who are going to play as the No. 2 seed in the playoffs.
    Hernandez-inspired Hull eye safety after thumping 'Boro

    Hernandez-inspired Hull eye safety after thumping 'Boro

    Subs: Adlene Guedioura (for Husband, 59) 6, Patrick Bamford (for Negredo, 71) 6, Cristhian Stuani (for Gestede, 81) 6. Silva retained the side which finished the game on Saturday keeping two wingers and two strikers up front.


Most liked

Tillerson steps up on Syria, Russia after avoiding spotlight
It killed at least 87 civilians, including 31 children, according to the Syrian Observatory for Human Rights, a Britain-based monitor.

Few on late missed call: 'Just the way it goes'
From there, as the teams continued to trade points, the officials couldn't stop blowing the whistle. Jackson was 0-for-9 from beyond the arc but finished with 16 points, while Isaiah Hicks added 13.

Jared Kushner omits some foreign contacts on security form
Still, the source, as well as other Trump officials, told Axios that its only a matter of time before Trump makes major changes. House Majority Leader Kevin McCarthy (R-Calif.) is reportedly in the running.

Trucking adds 4700 jobs, sets record high in March
Observers had expected at least double the jobs growth in March, which would have held steady with the trends of recent months. In a note to investors, BMO chief economist Douglas Porter described last month's numbers as a "hearty rise".

Trump to Abe: US to boost military defense against NKorea
United States officials are hoping the Chinese leaders will convince their ally - through sanctions or diplomacy - to back off. Tillerson's statement , in full, reads: "North Korea launched yet another intermediate range ballistic missile".

South Korea Test Fires 800 Kilometre-Range Missile
South Korea's Joint Chiefs of Staff issued a similar assessment, saying the missile flew about 60 kilometers (37 miles). South Korea and the USA confirm North Korea launched a single ballistic missile at a facility near Sinpo at 6:42 a.m.

Michigan boy, 11, hangs himself after social media prank
She said she hopes the devastating incident sends the message that parents have to be aware of the dark side of social media. Goss says the accused girl was Tysen's girlfriend, who allegedly faked her own suicide on various social media sites.

As KFC changes policy, Yum shareholders pull proposal on cutting antibiotics
For one thing, KFC is a big buyer - it's the largest chicken-on-the-bone quick-service chain in the country. The move is a response to changing customer preferences, said KFC U.S.

President Trump may fire Preibus and Bannon
Trump is weighing a decision to replace loyalists and his promise to drain the swamp with the very creatures who profit there. Kushner was meeting with worldwide coalition forces in Iraq as Bannon was bumped down the NSC ladder.

Gambler tied to Phil Mickelson convicted of insider trading
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Davis, who was Walters's friend, business partner and golfing pal of more than 20 years, was the government's star witness.

Amazon Launches Fire TV Media Streamer With Alexa Remote in the UK
Those of you who don't own a voice remote can also use Alexa, but only with the help of the Fire TV app for Android devices. It features a new quad-core processor that makes it 30 percent faster than the previous version, according to the company.

Kashmir's stone pelters are just fighting for nation: Farooq Abdullah
Abdullah is contesting from the Srinagar Lok Sabha constituency as a candidate for the NC-Congress alliance in Jammu and Kashmir. I want to tell Modi saheb that tourism is our life no doubt about that, but a stone-pelter has nothing to do with tourism.

Ecuador's president-elect warns Assange to avoid politics
Scuffles also broke out in Guayaquil, where Lasso is from, before riot police before pushed back protesters with tear gas. He also appeared alongside Moreno at changing of the guard ceremony at the presidential palace.

PCB may rope in Misbah for directorial role post retirement, hints Shaharyar
Since his 2001 test debut in New Zealand, Misbah has gone on to make 4951 runs from 72 matches at a 45-plus average. He also announced his retirement from the limited overs format following Pakistan's exit in the 2015 World Cup.

High-risk HPV affects 23 percent of American adults
Recent research from the CDC this week showed that almost half of Americans are infected with the human papillomavirus (HPV). Paul Offit, professor of pediatrics and director of the Vaccine Education Center at the Children's Hospital of Philadelphia.