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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....

Libyan forces push into last Islamic State area in Sirte

Libyan pro-government forces are advancing into the last area controlled by Islamic State in the coastal city of Sirte, surrounding the militants after a five-month campaign backed by U.S. air strikes, military officials say. At least eight pro-government fighters were killed over the...