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US auto industry headed for record sales in 2015: GM

US auto industry headed for record sales in 2015: GM

DETROIT: The U.S. auto industry is on track for a record year of annual sales, General Motors Co said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations. GM said the six-month rolling average for U.S. auto sales is 17.8 million vehicles on an annualized basis, which […]

November 3, 2015 | By | Reply More
Hilton is the latest hotel suspected of blocking customers’ personal Wi-Fi

Hilton is the latest hotel suspected of blocking customers’ personal Wi-Fi

IT ALWAYS seemed improbable that Marriott was the only one. Last year the hotel chain paid $600,000 to America’s Federal Communications Commission (FCC) to settle a complaint that it had blocked customers’ personal wireless modems and hotspots at “at least one” of its hotels, forcing customers to sign up for expensive in-house internet access instead. […]

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Sprint shares drop as quarterly results miss forecasts

Sprint shares drop as quarterly results miss forecasts

REUTERS: Sprint Corp , the fourth largest U.S. wireless carrier, reported lower-than-expected quarterly results on Tuesday as promotional price cuts drove customer gains but weighed on growth. The company, in the middle of a turnaround plan, also said it now expects fiscal 2015 adjusted EBITDA at the lower end of its previous forecast of between […]

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Kellogg's sales fall as US consumers shun cereals and snacks

Kellogg's sales fall as US consumers shun cereals and snacks

REUTERS: Continued weak demand for cereals and snacks in the United States weighed on Kellogg Co , the maker of Corn Flakes and Cheez-It crackers, which reported a bigger-than-expected drop in quarterly net sales on Tuesday. Sales in the company’s U.S. snacks business – its biggest -fell 1.5 percent, while sales in its U.S. morning […]

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MoU signed between Jambatan Kedua and IBC

MoU signed between Jambatan Kedua and IBC

GEORGE TOWN : A memorandum of understanding (MoU) was signed in Seoul on Monday between Jambatan Kedua Sdn Bhd (JKSB) and Incheon Bridge Corporation (IBC) South Korea to explore new territory in bridge management and maintenance knowledge The Mou was signed by JKSB managing director Datuk Ismail Mohamed Taib and IBC president Soo Hong Kim […]

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AIG CEO says Icahn's break up plan does not 'make financial sense'

AIG CEO says Icahn's break up plan does not 'make financial sense'

REUTERS: Breaking up American International Group Inc does not “make financial sense” Chief Executive Peter Hancock said on Tuesday, responding to proposals made by billionaire investor Carl Icahn last week. Icahn, in one of the largest activist campaigns of the year, wrote to Hancock urging AIG to break itself apart, cut costs more aggressively and […]

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Toyota, Chrysler report robust October US auto sales

Toyota, Chrysler report robust October US auto sales

DETROIT: The U.S. auto industry on Tuesday was on its way to reporting another month of booming sales in October, despite concerns about a slowdown in consumer spending and stagnant wages. “October was a huge month for the industry, smashing expectations and continuing its hot streak,” said Bill Fay, Toyota’s U.S. general manager. Truck and […]

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Indexes set to open lower after Monday's rally

Indexes set to open lower after Monday's rally

REUTERS: U.S. stock indexes were set to open slightly lower on Tuesday, a day after a rally in energy and healthcare stocks pushed the Nasdaq 100 to a 15-year high. Wall Street closed higher on Monday, following the best monthly performance of the major indexes in four years in October. “This morning’s action is natural, […]

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VW opposing UAW skilled trades worker vote at Tennessee plant

VW opposing UAW skilled trades worker vote at Tennessee plant

DETROIT: Volkswagen AG opposes a union representation vote by a portion of workers at the automaker’s sole U.S. vehicle assembly plant, according to a letter to Chattanooga, Tennessee, employees issued Monday night. Volkswagen has been the most open to the United Auto Workers (UAW) union among foreign manufacturers with assembly plants in the southern United […]

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Tattooed travellers in Japan beware

Tattooed travellers in Japan beware

MINE is barely three inches long but gives people a case of the vapours at Japanese swimming pools. Invariably, a lifeguard will tut-tut from his high chair before demanding it be covered up. Tattoos come freighted with taboos in Japan. They have long been associated with “anti-social elements”, code for Yakuza mobsters. That makes the law-abiding […]

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