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Note 7 fiasco could burn a $17 billion hole in Samsung accounts

Samsung Electronics' (005930.KS) worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ill-fated premium model. Samsung announced the recall of 2.5 million Note 7s in early...

China: Death toll from collapsed buildings rises to 22

The death toll from the collapse of four residential buildings in an industrial district of the eastern Chinese province of Zhejiang has risen to 22. State news agency Xinhua reported that rescuers pulled six survivors from the rubble by the time their search was wrapped up at around 1 a.m....