29 Jun 2012 - 1:54pm
WASHINGTON: Newspapers may be Rupert Murdoch's first love, but in the planned breakup of his empire he is acknowledging the news business has failed to keep pace with his high-flying entertainment assets.
The split of Murdoch's massive News Corp unveiled Thursday would create separate companies for the huge entertainment division and the...
28 Jun 2012 - 6:09pm
HELSINKI: Nokia chief executive Stephen Elop admitted on Thursday that his company had failed to foresee rapid changes in the mobile phone industry and this was partly behind the firm's problems.
"We had moments in the past year and a half when we could have done some things differently had we known that the industry was changing so rapidly,"...
28 Jun 2012 - 4:11pm
KUALA LUMPUR: British business magnate Richard Branson's Virgin Atlantic Airways is expected to sell its 10 per cent stake in AirAsia X to existing shareholders for more than $21 million, a report said Thursday.The move comes as Malaysia-based AirAsia X, one of the world's few long-haul budget carriers, prepares for listing at the end of...
27 Jun 2012 - 11:25pm
MADRID: American billionaire Sheldon Adelson is hesitating before placing his bet on a Las Vegas-style casino in Spain in the midst of a spiralling eurozone debt crisis. Even as Madrid and Barcelona vie with each other to lure the Las Vegas Sands chief executive, the lack of financing from banks swamped with bad loans from a 2008 property...
27 Jun 2012 - 6:58pm
KUALA LUMPUR: The “Open Day For Cabbies in Klang Valley” drew a crowd of taxi drivers eager to find out about TaxiMonger Sdn Bhd promotion of a virtual taxi call-centre which handles bookings and reviews online.
Many cabbies took time off from their busy schedules to attend this one day ...
26 Jun 2012 - 4:23pm
KUALA LUMPUR: Blogger Jebat Must Die wrote today that a vocal critic of the Felda Global Ventures Holdings (FGVH) IPO had lied about its prospectus being misleading.
The blogger said he was “quite amused” when Mazlan Aliman of the Association of Felda Settlers’ Children (ANAK) held a press conference in which he said the FGVH prospectus was...
26 Jun 2012 - 2:41pm
KUALA LUMPUR: Malaysian palm oil giant Felda Global is expected to buck gloomy global trends with its $3.12 billion stock market debut Thursday, in the world's second-largest IPO this year after Facebook.
The volatile economic environment has forced the delay of other major offerings across Asia including a planned $2.5 billion Formula One...
25 Jun 2012 - 4:04pm
CESIS (Latvia): When the world's deepest recession struck Latvia in 2009 and jobs dried up, single-mother of seven Inita Radzina had no choice but to pack her bags and leave her children to look for work in Ireland.
"I spent three months there crying every night. I realised family is more important than money," recalls the 43-year-old of her...
22 Jun 2012 - 3:06pm
SYDNEY: Australia's Qantas has warned the government it could go under if Abu Dhabi-based Etihad Airways is allowed a greater stake in rival carrier Virgin Australia, a report said Friday.
Its executives have been lobbying the government, saying that if Etihad doubled its stake in Virgin Australia it could hurt Qantas by undercutting its domestic...
22 Jun 2012 - 2:35pm
KUALA LUMPUR: Louis Dreyfus Commodities Asia (LDCA) announced Friday that it has reached a final agreement with Felda Global Ventures Holding Bhd (FGV) on the terms of their strategic partnership. In a statement issued through FGV, LDCA said that all necessary approvals from it had been granted but the final agreement is subject to approval...
