Thursday, June 27, 2013

Samsung Elec shares down 3 percent on weaker earnings outlook

STOCKHOLM (Reuters) - Ingvar Kamprad, founder of furniture company IKEA, announced on Wednesday he plans to return home to Sweden 40 years after leaving the country to escape its high taxes. Kamprad, 87, said he would return from Switzerland before year-end and settle down on a farm outside of Almhult, a southern Swedish town where he founded IKEA 70 years ago and put Swedish "flat-pack" furniture on the global map. "Moving back to Sweden gets me closer to my family and my old friends," Kamprad said in a statement. ...

Source: http://news.yahoo.com/samsung-elec-shares-down-3-percent-weaker-earnings-040237160.html

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