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Pressured by Icahn, Xerox Will Split in 2

Pressured by Icahn, Xerox Will Split in 2

ANOTHER US corporate icon has decided that breaking up is the thing to do. Xerox, whose name has long been synonymous with office copiers, has agreed to spin off its services business to its shareholders by the end of the year, separating it from the legacy hardware side, according to a person briefed on the […]

January 29, 2016 | By | Reply More
Eco-friendly beauty

Eco-friendly beauty

PHYSICIANS Formula offers a wide range of products that provide healthy, yet glamorous solutions for the working woman. As the pioneer in innovative makeup formulations, Physicians Formula products are hypoallergenic, fragrance-free, dermatologically-tested, suitable for sensitive skin, safe for sensitive eyes and contact lens wearers, and made without the use of 132+ known harsh ingredients found […]

January 29, 2016 | By | Reply More
United Airlines to launch nonstop flight between Singapore and San Francisco

United Airlines to launch nonstop flight between Singapore and San Francisco

SINGAPORE: United Airlines will introduce daily nonstop flights between Singapore’s Changi Airport and its San Francisco International Airport hub, it announced on Friday (Jan 29). This will be the first nonstop service between Singapore and San Francisco and the only one to the US from Singapore. The Boeing 787-9 aircraft will be used for this nonstop service, it […]

January 29, 2016 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit extended its gains to open higher against the US dollar on continued buying momentum following positive reaction by investors to the recalibrated 2016 Budget, dealers said. At 9am, the local unit was traded at 4.1650/1750 from 4.2040/2100 against the greenback on Thursday. The ringgit also gained further support as the US […]

January 29, 2016 | By | Reply More
Tokyo stocks turn down ahead of BoJ policy decision

Tokyo stocks turn down ahead of BoJ policy decision

TOKYO: Tokyo stocks lost early gains Friday morning, despite an oil-driven rally on Wall Street, as investors focus on the outcome of a Bank of Japan policy meeting. The main US indexes ended Thursday’s session in positive territory as strong Facebook earnings lifted shares of other large tech firms, and petroleum-linked companies jumped on news […]

January 29, 2016 | By | Reply More
Taiwan's economy continues to struggle as Q4 GDP shrinks 0.28%

Taiwan's economy continues to struggle as Q4 GDP shrinks 0.28%

SINGAPORE: Taiwan’s economy slowed in the final three months of 2015, extending a painful slump from the previous quarter on the back of a collapse in exports amid frail global growth and a slowdown in China.  Fourth-quarter gross domestic product (GDP) contracted 0.28 per cent from the year-ago period, data from the Directorate General of […]

January 29, 2016 | By | Reply More
Asia stocks cautious as oil bounces, BOJ awaited

Asia stocks cautious as oil bounces, BOJ awaited

SYDNEY: Asian shares got off to a tentative start on Friday after oil cobbled together a third session of gains and markets wagered U.S. interest rates would not be rising much this year, if at all. Speculation is also rife the Bank of Japan will have to add yet more stimulus, though many doubt it […]

January 29, 2016 | By | Reply More
US crude extends rise on hopes of supply cuts to tackle glut

US crude extends rise on hopes of supply cuts to tackle glut

SEOUL: US crude oil futures extended gains on Friday to take their weekly rise to more than 4 percent on hopes of a global deal between oil-producing countries to help tackle a growing supply glut. US crude CLc1 climbed 32 cents at $33.54 a barrel as of 2338 GMT, after it settled up 92 cents, […]

January 29, 2016 | By | Reply More
Microsoft beats Wall Street view on high demand for cloud products

Microsoft beats Wall Street view on high demand for cloud products

REUTERS: Microsoft Corp reported quarterly revenue and profit that beat analysts’ expectations, driven by aggressive cost cutting and growing demand for its cloud products and services. Chief Executive Satya Nadella has focused on cloud services and mobile applications on slower growth in its traditional software business. Companies moving much of their information technology off premises, […]

January 29, 2016 | By | Reply More
Fed owns up to global risks in statement shift

Fed owns up to global risks in statement shift

SAN FRANCISCO/WASHINGTON: In the U.S. Federal Reserve’s arsenal of tools the characterization of economic risks is heavy artillery, used to flag the moments when major events like the 2003 Iraq war or the near crack-up of the euro zone in 2011 make forecasting even trickier than usual. The U.S. central bank has now put the […]

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