GO
Loading...

Asia: Business

More

  • July 14- Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans.

  • U.S. cupcake chain Crumbs may reopen with new owners Friday, 11 Jul 2014 | 10:28 PM ET

    July 11- Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin' Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, according to a court document.

  • July 10- Sports shoe maker Skechers USA Inc said it filed a lawsuit against Fila U.S.A. Inc, claiming Fila Amazen Memory Moc shoes infringed patents related to its Go Walk line.

  • July 10- Sports shoe maker Skechers USA Inc said it filed a lawsuit against Fila U.S.A. Inc, claiming Fila Amazen Memory Moc shoes infringed patents related to Skechers Go Walk shoes.

  • NEW YORK, July 8- Brent crude fell for its seventh straight session, hitting a one-month low below $110 a barrel on Tuesday on improved prospects for a rise in Libyan oil exports and easing fears of supply disruption in Iraq.

  • LONDON, July 8- Brent crude fell to a one-month low below $110 a barrel on Tuesday on improved prospects for a rise in Libyan oil exports and easing fears of supply disruption in Iraq.

  • *Announces investments in Britain by Indian companies. MUMBAI, July 7- Britain's finance minister George Osborne praised India's new prime minister Narendra Modi on Monday for helping create a quick turnaround in investor sentiment, during a two-day trip aimed at opening up opportunities in defense and infrastructure.

  • July 7- Mining group Anglo American Plc has agreed to sell its stake in a cement venture to its French-based partner Lafarge SA for at least $1.5 billion, proceeds which will be used to cut debt as part of a broader restructuring.

  • BEIJING, July 7- Airbus Group NV's helicopter division sealed a deal on Monday to sell 123 helicopters to Chinese companies during German Chancellor Angela Merkel's China visit.

  • July 3- NQ Mobile Inc's independent auditor has informed the company that it will need to expand the scope of its 2013 audit, the Chinese mobile security software maker said. The stock has been volatile after short-seller Muddy Waters Research Group called NQ Mobile a "massive fraud" in October, a charge the Chinese company rejected.

  • July 3- Chinese mobile security software maker NQ Mobile Inc said its independent auditor, PricewaterhouseCoopers Zhong Tian LLP, informed the company that it would need to expand the scope of its 2013 audit. NQ said its board and audit committee are considering PricewaterhouseCoopers' request.

  • DUBAI, July 3- Dubai World, one of the emirate's big state-owned conglomerates, has made a second early repayment worth around $300 million under its $25 billion debt restructuring plan, sources familiar with the matter said on Thursday.

  • July 2- Two former female employees of Goldman Sachs Group Inc who have accused the bank of gender discrimination are seeking class action status for their case. Cristina Chen-Oster, a former vice-president and Shanna Orlich, a former associate, filed their suit in 2010.. Goldman Sachs& Co, 10-06950, U.S. District Court, Southern District of New York.

  • *Working with CIMB Investment Bank on restructuring plan. *Deal could cost Khazanah 1.05 billion ringgit at 21 sen per share.

  • WASHINGTON, July 1- Creditors to Puerto Rico's electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.

  • WASHINGTON, July 1- Creditors to Puerto Rico's troubled electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.

  • July 1- Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances. Twitter shares rose as much as 4.8 percent after the messaging service announced its latest upper-management shake-up.

  • TOKYO, July 1- AirAsia Bhd said on Tuesday it would set up a low-cost airline with Japan's biggest online retailer Rakuten Inc and other firms, marking the budget carrier's second attempt to tap one of Asia's lucrative air travel markets.

  • June 30- Hewlett-Packard Co and attorneys representing shareholders confirmed on Monday they had agreed to settle litigation over the $11.1 billion acquisition of British software company Autonomy Corp..

  • June 30- A federal appeals court has revived a lawsuit against CACI International Inc by four former Iraqi detainees who claimed the U.S. defense contractor's employees directed their torture at the Abu Ghraib prison near Baghdad.