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With falling sales, and having to exit certain businesses,Paul Rooke, chief executive of $4 billion Lexmark should be an unhappy man.
The 53-year-old CEO of Lexmark, which makes printers and offers related services to corporations, exited inkjet printer business a few months ago as people are printing less and less every day. Lexmark , he said, will focus more on software services, an area that he is bolstering through targeted acquisitions....Read More
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A feud at South Korea's giant Samsung Group over the family fortune has spilled from the courts into an ancestral rite to commemorate the group's deceased founder, a traditional Korean ceremony where family attendance is mandatory.
Descendants of Samsung founder Lee Byung-chull, including Samsung Electronics Chairman Lee Kun-hee, are holding separate memorial services for the first time in 25 years, South Korea's CJ Group said on Wednesday.
The two branches of the Lee family, South Korea's richest business dynasty, are engaged in a bitter legal battle over billions of dollars worth of shares in Samsung group companies and traded barbs.........Read More
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