Samsung scion Lee walks free as South Korea court suspends jail term

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Samsung scion Lee walks free as South Korea court suspends jail term

SEOUL (Reuters) – A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year's detention amid a corruption scandal that brought down the former president.
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Struggling Bon-Ton Stores Inc. files for bankruptcy protection

Stressed by heavy debt and slumping sales, department store retailer Bon-Ton Stores Inc. said Sunday night it has filed for bankruptcy protection.
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Nissan to Invest $9 Billion in China in Race for EV Dominance

Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country. The Japanese carmaker aims to raise annual deliveries by 1 million units by 2022, with much of the growth coming from electrified models,
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Audit reveals numerous accounting errors at Nebraska's state colleges

Excessive errors compelled one college “to contract with two separate outside CPAs (certified public accountants) for assistance, resulting in a complete revision of the financials … and $22,500 in payments made for such assistance,” the report said. Carpenter said he believed that was at Peru State.
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Samsung's Jay Y. Lee Freed in Surprise Korean Court Verdict

A South Korean high court unexpectedly let Samsung Electronics Co. Vice Chairman Jay Y. Lee walk free after suspending his prison sentence for bribery, in a stunning reversal that raises questions about the government's ability to reform powerful chaebol. The heir to the country's largest conglomerate
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