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Sony returns to profit after marathon restructuring effort

Sony returns to profit after marathon restructuring effort

TOKYO: Sony Corp. returned to profit last quarter in a sign its marathon restructuring effort is beginning to produce results. The Tokyo-based electronics and entertainment conglomerate on Thursday reported a 33.6 billion yen (US$278 million) profit for the fiscal second quarter, compared with a loss of 136 billion a year earlier. Sales dropped 0.5 percent […]

October 29, 2015 | By | Reply More
Deutsche Bank to cut workforce by 15,000

Deutsche Bank to cut workforce by 15,000

FRANKFURT: Deutsche Bank said it was reducing its workforce by 15,000 as new Chief Executive John Cryan seeks to improve returns at Germany’s biggest bank. The lender said it would axe 9,000 full-time jobs and 6,000 external contractor positions. Separately, it plans to dispose of assets with a 4-billion-euro (US$4.37 billion) cost base and 20,000 […]

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FOMC statement from Oct. 27-28 meeting

FOMC statement from Oct. 27-28 meeting

WASHINGTON: Following is the full text of the statement released by the Federal Reserve’s Federal Open Market Committee on Wednesday following a two-day meeting: Information received since the Federal Open Market Committee met in September suggests that economic activity has been expanding at a moderate pace. Household spending and business fixed investment have been increasing […]

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Pfizer in merger talks with Botox-maker Allergan: WSJ

Pfizer in merger talks with Botox-maker Allergan: WSJ

REUTERS: Pharmaceutical giant Pfizer Inc recently approached Botox-maker Allergan Plc to discuss what could be the biggest takeover deal this year, the Wall Street Journal said on Wednesday, citing people familiar with the matter. The healthcare sector has seen an unprecedented wave of deals since early 2014, from large drugmakers buying up smaller rivals, to […]

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Committee approves bill to stop NLRB attack on small businesses

Committee approves bill to stop NLRB attack on small businesses

Washington, Oct 29:  The House Education and the Workforce Committee, chaired by Rep. John Kline, yesterday approved H.R. 3459, the Protecting Local Business Opportunity Act. The legislation will protect small businesses and the workers they employ by rolling back the National Labor Relations Board’s (NLRB) recent decision redefining what it means to be an employer. […]

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Shell upbeat on Gabon Leopard Marin discovery, sees gas play

Shell upbeat on Gabon Leopard Marin discovery, sees gas play

CAPE TOWN: Royal Dutch Shell’s Leopard Marin discovery offshore Gabon may be a new commercial gas field, a senior company executive said on Thursday. “Leopard is the first potentially commercial multi-TCF (trillion cubic feet) find in a new gas play and I think that is very exciting for us and for the government of Gabon,” […]

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Volkswagen likely to recall 100,000 cars in India: CNBC-TV18

Volkswagen likely to recall 100,000 cars in India: CNBC-TV18

NEW DELHI: German carmaker Volkswagen AG’s Indian unit is likely to recall 100,000 cars in the country impacted by the diesel emission scandal, television channel CNBC-TV18 reported on Thursday, citing sources. Europe’s biggest carmaker has admitted cheating in emissions tests on around 11 million diesel vehicles globally. The scandal has pushed Volkswagen to report its […]

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#MYCYBERSALE 2015 results in infographic

#MYCYBERSALE 2015 results in infographic

For those who are new to #MYCYBERSALE, this is the second year MDeC is organizing the nationwide cyber sale to uplift the e-commerce industry in Malaysia. If you missed out the #MYCYBERSALE 2015 Appreciation Day held recently, don’t worry as we present the key performance indicators here via infographic. Do check out the event photos […]

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Singapore's first SME Week kicks off

Singapore's first SME Week kicks off

SINGAPORE: The Republic’s first SME (Small and Medium Enterprises) Week, a campaign aimed at helping SMEs drum up business, was launched on Thursday (Oct 29). The campaign, 99% SME, will see more than 1,700 SMEs offering various promotions to customers until Sunday (Nov 1). As of Thursday, more than 1.1 million people have been reached […]

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Mazda expects delays to US diesel car launch after VW scandal

Mazda expects delays to US diesel car launch after VW scandal

TOKYO: Mazda Motor Corp expects delays to the launch of diesel-powered cars in the United States in the wake of the Volkswagen AG emissions test-rigging scandal, but it remains committed to a rollout, a senior executive said. Kiyoshi Fujiwara, a Mazda managing executive officer in charge of research and development and cost innovation, said media […]

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