Driven by ambitions to make China a great power, President Xi Jinping is staking his political authority on a huge task: overhauling the Chinese military. The New York Times reports.» Read More
Aug 27- Lear Corp, a maker of auto seats and electrical power systems, said it would buy automotive leather supplier Eagle Ottawa LLC for $850 million to strengthen its core seating business and boost its luxury seats portfolio.
Aug 27- Alibaba Group Holding Ltd's revenue accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be the final glimpse of the Chinese e-commerce company's financials before its expected landmark market debut.
SINGAPORE, Aug 28-' Open data'- the trove of data-sets made publicly available by governments, organisations and businesses- isn't normally linked to high-wire politics, but just may have saved last month's Indonesian presidential elections from chaos.
Auburn Hills, Michigan- based Eagle Ottawa's customers include top automakers such as Ford Motor Co, BMW, General Motors Co and Hyundai Motor Co, Lear said in a statement.
Aug 27- Workday Inc reported a 74 percent rise in quarterly revenue, helped by strong growth in subscriptions for its Web-based human resources software.
Paramount has over 16.5 million square feet of prime office space and several buildings in major cities, including San Francisco's landmark One Market Plaza building, Washington DC's Liberty Place and Paramount Plaza on Broadway.
The company listed BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities as underwriters.
*Americas, Asia-Pacific sales growth buoys results. Aug 27- Upscale jeweler Tiffany& Co raised its full-year profit forecast for a second time following a better-than-expected rise in quarterly profit, driven by strong sales and higher prices for its high-end jewelry in the Americas, its biggest market.
WASHINGTON— The Treasury Department on Wednesday sanctioned a leader and a financial network used by a Pakistan- based terrorist group blamed for the 2008 attack in Mumbai, India that killed 166 people. Treasury sanctioned Muhammad Iqbal and Asma Money Exchangers for their suspected ties to Lashkar-e-Taiba.
*China developers seeking new capital sources as liquidity tightens. HONG KONG, Aug 27- Global private equity firm Carlyle Group is in talks with China Vanke Co Ltd to acquire some of Vanke's commercial properties through assets or shares acquisition, the biggest Chinese property developer said on Thursday.
Aug 27- China's Alibaba Group Holding Ltd, which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-commerce market showed no signs of slowing.
Aug 27- Education Management Corp said it would undertake a financial restructuring that would reduce its debt by about $1.1 billion and would seek a waiver of all financial covenants through June under an amendment to its credit facility.
Aug 27- Chinese e-commerce giant Alibaba Group Holdings Inc's quarterly revenue jumped 46.3 percent to $2.54 billion due to a rise in domestic sales. Net income attributable to ordinary shareholders nearly tripled to $1.99 billion, or 84 cents per share, for the first quarter ended June 30.
Aug 27- Yingli Green Energy Holding Co Ltd reported a bigger-than-expected quarterly loss and cut its forecast for 2014 panel shipments as demand begins to falter due to U.S. duties on China- and Taiwan- made solar products.
Aug 27- Upscale jeweler Tiffany& Co raised its full-year profit forecast for a second time following a better-than-expected quarterly profit, driven by strong sales in the Americas and Asia-Pacific regions. Same-store sales in the Asia Pacific region grew 7 percent, driven by strong demand in Greater China and Australia.
Aug 27- Yingli Green Energy Holding Co Ltd reported a smaller loss for the fifth straight quarter, helped by rising demand for solar modules from China, Japan, the United Kingdom and other new markets.
Aug 27- Upscale jeweler Tiffany& Co reported a 16 percent rise in quarterly profit as sales grew strongly in the Americas and the Asia-Pacific region. The company's net income rose to $124.1 million, or 96 cents per share, in the second quarter ended July 31, from $106.8 million, or 83 cents per share, a year earlier.
BANGKOK, Aug 27- Thai exports unexpectedly slipped in July, showing that a key pillar of the country's economy remains weak at a time the military government is trying to rev up growth.
Khazanah Nasional, the state investment company that owns 69 percent of Malaysia Airlines, said in early August it will announce details of the overhaul by the end of this month. A substantial revamp has long been on the cards for Malaysia Airlines, which was struggling with chronic financial problems even before it was hit by the double disasters this year.
BANGKOK— Century-old shop houses, twisting alleyways and temples scented with incense still pulsate with the pursuit of old trades and time-honored rituals of families who have lived in Bangkok's Chinatown for generations.