Recent Articles

Tesla shares up despite viral video of sedan on fire

Tesla shares up despite viral video of sedan on fire

Actress Mary McCormack posted a video on Twitter of her husband’s car with flames spewing from the bottom part of the Tesla. McCormack is married to director Michael Morris. The logo on a 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California, US. (Reuters pic) NEW YORK: Tesla Motors was under another round […]

June 18, 2018 | By | Reply More
World’s biggest advertiser P&G to hire more female directors

World’s biggest advertiser P&G to hire more female directors

The world’s biggest advertiser wants women directors for at least half of its product commercials by 2023, up from about one in 10 today. World’s biggest advertiser commits to hire more women directors. (Bloomberg pic) SOUTHFIELD: Procter & Gamble Co. is putting the advertising industry on notice. The world’s biggest advertiser wants women directors for […]

June 18, 2018 | By | Reply More
JetBlue founder raising funds for new US airline, reports say

JetBlue founder raising funds for new US airline, reports say

The proposed airline has secured orders for 60 CS300 aircraft from Canada’s Bombardier Inc., and is raising $100 million to begin flying in 2020. (Bloomberg pic) DALLAS: After a decade of industry consolidation, David Neeleman, one of aviation’s famed entrepreneurs, sees room for a new low-cost US airline focused on reducing travel hassles by using […]

June 18, 2018 | By | Reply More
Snap CEO Spiegel deflects Facebook threat, says ‘Innovators Win’

Snap CEO Spiegel deflects Facebook threat, says ‘Innovators Win’

The CEO said Snapchat’s “friend graph” will help keep Facebook at bay, which lets users add only the friends they want, making users feel more comfortable sharing content. Soros, Lone Pine washed hands of Snap before latest stock slump. (Bloomberg pic) NEW YORK: Snap Inc. Chief Executive Officer Evan Spiegel brushed off Facebook Inc.’s frequent […]

June 18, 2018 | By | Reply More
Biggest wine auction ever nets $35 million for rare Burgundy

Biggest wine auction ever nets $35 million for rare Burgundy

All 1,064 bottles were sold, including 855 standard ones and 209 magnums of vintages between 1970 and 2001 from prized vineyards such as Cros-Parantoux. (Reuters pic) LONDON: The last batch of Burgundy from revered producer Henri Jayer sold for 34.5 million Swiss francs ($35 million) in Geneva on Sunday, more than double the upper-end estimate, […]

June 18, 2018 | By | Reply More
Bitcoin could break the Internet, Central Bank overseer says

Bitcoin could break the Internet, Central Bank overseer says

The BIS said cryptocurrencies are too unstable, consume too much electricity, and are subject to too much manipulation and fraud to ever serve as bona fide mediums of exchange in the global economy. Biggest cryptocurrency drops from record highs. (Bloomberg pic) LONDON: The Bank for International Settlements just told the cryptocurrency world it’s not ready […]

June 18, 2018 | By | Reply More
Tesla severance offer draws the line on worker-safety concerns

Tesla severance offer draws the line on worker-safety concerns

The document also barred the former worker from sharing “business-related” information; required that the ex-employee assist Tesla’s defense against claims; and released any claims made against Tesla. Tesla. (Bloomberg pic) OAKLAND: Language in a confidential severance agreement Tesla Inc. is using as part of the biggest job cut in its history is likely to deter […]

June 18, 2018 | By | Reply More
Demand for dollar, US-China trade tensions to weigh on ringgit

Demand for dollar, US-China trade tensions to weigh on ringgit

PETALING JAYA: The ringgit, which fell below 4.00 to the US dollar Monday, is expected to see more losses, currency observers opine, as appetite for the greenback grows unabated and fears of a trade war between China and the US persist. The ringgit hit an intraday low of 4.0015, before closing at 3.9985 to the […]

June 18, 2018 | By | Reply More
Demand for dollar, US-China trade tensions to weigh on ringgit

Demand for dollar, US-China trade tensions to weigh on ringgit

PETALING JAYA: The ringgit, which fell below 4.00 to the US dollar Monday, is expected to see more losses, currency observers opine, as appetite for the greenback grows unabated and fears of a trade war between China and the US persist. The ringgit hit an intraday low of 4.0015, before closing at 3.9985 to the […]

June 18, 2018 | By | Reply More
Mikro MSC aims to be on Main Market in five years

Mikro MSC aims to be on Main Market in five years

SHAH ALAM: ACE Market-listed Mikro MSC Bhd aims to transfer to the Main Market of Bursa Malaysia Securities Bhd in five years, when it doubles its profit to RM15-RM20 million a year driven by business growth, from RM10.89 million in the last financial year ended June 30, 2017 (FY17). Managing director Yim Yuen Wah said […]

June 18, 2018 | By | Reply More