LG sees best first quarter for almost eight years

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.

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.

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:

  • Sun block takes sting out of Westbrook's record quest

    The Pistons used a 12-1 spurt, capped by four points from Marjanovic, to cut the lead to 94-93 midway through the fourth quarter. Westbrook, meanwhile, finished with 23 points, 12 rebounds and eight assists plus eight turnovers in 36 minutes.
    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.
    Kyle Lowry returns, Raptors beat Pistons 105-102

    Kyle Lowry returns, Raptors beat Pistons 105-102

    With three more ties in the final minutes, a Valanciunas hook shot followed by a DeRozan jump shot gave Toronto a four-point lead. Cory Joseph knocked down two consecutive threes to cut the Raptors' deficit to 50-39 with 2:41 left in the second quarter.
  • McConnell reaches out to Romney about possible Senate bid

    McConnell reaches out to Romney about possible Senate bid

    Several high-profile Utah Republicans have been touted as potential challengers for Hatch in 2018, including form Republican Gov. Jon Huntsman of Utah, Sutherland Institute president Boyd Matheson, World Trade Center Utah CEO Derek Miller and Republican Rep.
    PCB may rope in Misbah for directorial role post retirement, hints Shaharyar

    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.
    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

    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.

    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.

    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".
  • Nigerians Are Most Depressed in Africa, Says WHO

    Nigerians Are Most Depressed in Africa, Says WHO

    The 300 million people now battling depression is an increase of more than 18 percent from rates reported from 2005 to 2015. Every year on April 7, the World Health Organisation ( WHO ) organises World Health Day in celebration of its founding.
    Michigan boy, 11, hangs himself after social media prank

    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.
    Louis CK goes on an epic, sweary rant about Trump

    Louis CK goes on an epic, sweary rant about Trump

    In an interview with Stephen Colbert on Tuesday night's episode of " Late Show ", C.K. ranted about various types of liars. "Mr. The Late Show With Stephen Colbert airs weeknights at 11:35 p.m. on CBS. "I don't take it back, I regret it".


Most liked

Salute to Chuck Berry opens Rock Hall ceremony
Covering Prince is a hard proposition, and his take on the Purple Rain classic didn't entirely land. The band has always been heavily involved in the process when it comes to album covers.

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.

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.

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.

New ISIS tactic in Iraq fight: Gather Mosul's civilians, then lure airstrike
Iraqi forces are fighting IS in western Mosul , where some 2,000 IS fighters are launching fierce counterattacks. Eyewitnesses have said a strike may have hit a massive truck bomb parked by the building.

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".

100 years ago, US entered World War I
After the offer became public, the USA declared war. "Conflicts such as the Balkan wars increased tensions, and it kept building". Next, on February 1, Germany resumed unrestricted submarine warfare, sinking merchant ships without warning in worldwide waters.

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.

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.

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.

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.

Russia: Jehovah's Witnesses Break Law by Refusing Blood Transfusions
Since 2004 sever branches and chapters of the organization were banned and shut down in various regions of Russian Federation . Russian officials raided the group's national headquarters in February and confiscated a reported 70,000 documents.

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.

Pakistan call up teenage leg-spinner Shahdab Khan for Windies tests
Pakistan bowler Mohamed Amir and team captain Misbah-ul-Haq plot their tactics. Misbah-ul-Haq has announced his retirement from Test cricket.