GO
Loading...

Asia: Business

More

  • June 23- American Apparel Inc founder Dov Charney, who was fired as the apparel retailer's chairman last week, said he wants to talk to the company to shake up its board.

  • June 19- A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition. The Department of Justice's lawsuit accuses Bank of America of civil fraud in the sale of mortgage securities that soured during the global financial crisis.

  • June 19- A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition. The Department of Justice's lawsuit accuses Bank of America of civil fraud in the sale of mortgage securities that soured during the global financial crisis.

  • UPDATE 1-Skechers sues Reebok for patent infringement Thursday, 19 Jun 2014 | 10:33 AM ET

    June 19- Sport shoes maker Skechers USA Inc said it filed a lawsuit against larger rival Adidas AG's Reebok International Ltd, alleging infringement of patents related to the company's Go Walk shoes.

  • Skechers sues Reebok for patent infringement Thursday, 19 Jun 2014 | 9:35 AM ET

    June 19- Sport shoes maker Skechers USA Inc said it filed a lawsuit against Reebok International Ltd, alleging infringement of patents related to the company's Go Walk shoes. The suit, filed in the U.S. District Court for the Central District of California, seeks compensatory and punitive damages and injunctive relief, the company said in a statement.

  • June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.

  • June 18- Industrial gas producer Air Products& Chemicals Inc, under pressure from Bill Ackman to overhaul its management, said it has appointed Seifi Ghasemi chief executive. Air Products& Chemicals shares rose nearly 9 percent in premarket trading.

  • Bitcoin's Mt.Gox gets US bankruptcy protection Wednesday, 18 Jun 2014 | 3:50 AM ET
    This photo illustration shows a man looking at the bitcoin exchange website of MtGox in Tokyo on February 25, 2014.

    The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States.

  • June 17- Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit, effectively avoiding a trial in which the iPad maker faced as much as $840 million in claims.

  • June 17- The failed Tokyo- based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business.

  • June 17- Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit on Monday, effectively avoiding a trial in which the iPad maker faced more than $800 million in claims.

  • June 12- Twitter Inc on Thursday announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company's efforts to revive flagging user growth.

  • June 12- Twitter Inc on Thursday announced the resignation of its chief operating officer, who had been responsible for the social media company's increasingly urgent efforts to revive user growth.

  • June 12- Twitter Inc said on Thursday Ali Rowghani resigned as chief operating officer, effective Thursday. Chloe Sladden, Twitter's North America media head, who reports to Rowghani, has been reorganizing her unit and she may be preparing to leave the company, the website added.

  • MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, has for the first time picked an outsider as chief executive officer, as it seeks to boost sales of high-margin services like cloud computing and stem a staff exodus.

  • June 12- Canadian yogawear retailer Lululemon Athletica Inc's quarterly net profit fell 60 percent as tax expenses rose. The company also said its Chief Financial Officer John Currie would retire by the end of the fiscal year, ending February 2015.

  • MUMBAI, June 12- Infosys Ltd, India's second-largest IT services exporter, named former SAP AG executive board member Vishal Sikka as Chief Executive Officer, the first time the company has not chosen one of its founders for the role. Infosys also said Executive Chairman N.R. Narayana Murthy and Executive Vice Chairman S. Gopalakrishnan would step down on June 14.

  • June 11- Lululemon Athletica Inc's founder and biggest shareholder, Chip Wilson, lashed out at the yogawear retailer's board on Wednesday, announcing he had voted not to re-elect the company's new chairman, Michael Casey, and one other director.

  • UPDATE 2-Insurer AIG names Peter Hancock as CEO Tuesday, 10 Jun 2014 | 6:42 PM ET

    June 10- American International Group Inc said Peter Hancock would succeed Robert Benmosche as chief executive and president, effective Sept. 1. Before joining AIG, he was vice chairman of KeyCorp and a former chief financial officer at JPMorgan Chase& Co.

  • June 10- American International Group Inc said it named Peter Hancock as its new chief executive, effective Sept. 1. Hancock, the head of the insurer's global property-casualty business, succeeds Robert Benmosche, who will retire in September. Benmosche will take up an advisory role at AIG, the company said in a statement.