IN a surprise development, Japan's Nissan Motor Corporation has offered leading edge technology to potential rival Samsung Group to help the South Korean conglomerate enter the car business. In return, Nissan will get a much-needed cash infusion of $ 4 billion-5.5 billion over the next seven years. Earlier, Japanese car manufacturers only transferred older technologies.
TIME Warner Inc has sold 50 per cent stake in Interscope Records Inc to its managing partners for $ 115 million, bowing to conservative pressure over the outrageous "gangsta rap" lyrics which, many believe, are capable of inciting violence against whites. Time Warner co-founded Interscol3e in 1990.
NICK Leeson's ghost strikes again. This time at Daiwa Bank of Japan which has suffered trading losses of $ 1.1 billion. A trader in Its New York offices caused the losses by trading illegally in US treasury bonds over 11 years. But Daiwa says it will absorb the losses and report profits.
THE Supernerd remains the richest American on earth. According to...