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XPO Logistics buys home delivery company to tap e-commerce boom
XPO Logistics Inc (XPO.N) has bought home delivery company UX Specialized Logistics for $59 million in cash to tap into the booming e-commerce market in North America.
Amid mobile slump, Samsung needs more outside customers for its chips and panels
As Samsung Electronics Co Ltd sells fewer of its own smartphones, the South Korean group's components businesses are under pressure to pick up the slack and secure external customers for chips and display panels, including putting these in rival mobile devices.
G20 plan for investment targets runs into stiff opposition
Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.
Puerto Rico set for tougher debt struggle after court ruling
Hopes of an orderly resolution to Puerto Rico's debt crisis suffered a heavy blow after a court voided the island's restructuring law, raising fears it may be heading for a longer, messier debt overhaul.