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Samsung to combine two U.S. sales divisions

Dec. 10, 2014 6:21 AM ETSamsung Electronics Co., Ltd. (SSNLF) StockSSNLF, SSNGYBy: Yoel Minkoff, SA News Editor
  • Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is merging Samsung Electronics America and Samsung Telecommunications America, two sales subsidiaries in the U.S., to enhance efficiency and streamline its organization.
  • The move follows a recent reshuffle of Samsung Electronics' senior management and the trimming of its smartphone portfolio to combat declining profit.

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