• World Biz  |  NOVEMBER 21, 2014 12:02 PM

    Japan minister tells Takata to investigate airbag issue

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    Japan's transport minister said on Friday he has directed Takata Corp to investigate its defective airbags, which have triggered massive recalls, adding the ministry is directly in touch with the auto safety equipment supplier over the issue.

  • Markets  |  NOVEMBER 21, 2014 11:44 AM

    KL shares down at mid-morning

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    Shares on Bursa Malaysia were traded lower at mid-morning today, dampened by selling in blue chips, in addition to finance and banking stocks.

  • Corporate & Markets  |  NOVEMBER 21, 2014 11:30 AM

    RHB Research downgrades Bumi Armada to ‘neutral’

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    Bumi Armada Bhd's shares on Bursa Malaysia was down this morning, declining 2 sen to RM1.36 as at 10:27 am, on the back of the weak financial results posted yesterday.

  • Corporate  |  NOVEMBER 21, 2014 11:24 AM

    Bumi Armada Q3 pre-tax profit falls to RM127.71 mil

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    Malaysia-based international offshore oilfield services provider Bumi Armada Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM127.712 million from RM138.808 million for the same period last year.

  • Corporate & Markets  |  NOVEMBER 21, 2014 11:17 AM

    RHB research maintains ‘buy’ on Pos M’sia

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    RHB Research Institute has revised upward its earnings forecast for Pos Malaysia Bhd's financial years (FY) 2015 and 2016 by 3% and 4% respectively.

  • World Biz  |  NOVEMBER 21, 2014 11:10 AM

    Mercedes to keep steering wheels in age of self-drive cars

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    Mercedes-Benz won’t abandon traditional car components like steering wheels and brake pedals even as vehicles develop the ability to take control.

  • World Biz  |  NOVEMBER 21, 2014 10:58 AM

    Uber hires researchers to arm itself against taxi industry

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    Uber Technologies Inc, which is facing criticism after an executive suggested he was willing to pay to investigate reporters’ lives, has taken steps to hire researchers to “weaponise facts” against the taxi industry.

  • World Biz  |  NOVEMBER 21, 2014 10:46 AM

    Grand Marnier said to consider sale of business

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    Grand Marnier Group, the French cognac maker, is exploring strategic options for the business including a sale, people with knowledge of the matter said.

  • World Biz  |  NOVEMBER 21, 2014 10:34 AM

    Faulty airbag reports fail to meet US law, says Honda

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    Honda Motor Co said it failed to fully comply with a law to inform regulators about deaths and injuries relating to defective Takata Corp airbags that are at the center of a global vehicle safety crisis.

  • World Biz  |  NOVEMBER 21, 2014 10:31 AM

    Delayed Assassin’s Creed game hurts GameStop’s revenue

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    GameStop Corp posted quarterly revenue and profit well below analysts' estimates as the delayed release of "Assassin's Creed Unity" and flagging videogame software sales more than offset high demand for PlayStation 4 and Xbox One consoles.

  • World Biz  |  NOVEMBER 21, 2014 10:22 AM

    Carmakers woo Gen Y with smaller SUVs

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    Honda Motor Co, Fiat Chrysler Automobiles NV, and Mazda Motor Corp all introduced smaller entries in the booming sport utility vehicle market this week at the Los Angeles Auto Show as the industry seeks younger buyers.

  • Markets  |  NOVEMBER 21, 2014 10:05 AM

    FBM KLCI opens lower on weak sentiment

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower this morning, dragged down by weak market sentiment that hurt risk appetite.

  • Markets  |  NOVEMBER 21, 2014 10:00 AM

    Ringgit rebounds to open higher against US$

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    The ringgit rebounded to open higher against the US dollar on renewed buying interest today, after declining for three consecutive trading days, dealers said.

  • World Biz  |  NOVEMBER 21, 2014 9:02 AM

    Goldman fires staff over leak of NY Fed information

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    Goldman Sachs Group Inc said it fired a junior employee and a supervisor over the leaking of confidential information from the Federal Reserve Bank of New York (New York Fed).

  • World Biz  |  NOVEMBER 21, 2014 8:50 AM

    Google, Rockstar agree to settle patent dispute

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    Google Inc has agreed to settle litigation with patent consortium Rockstar, though terms of the deal were not disclosed in a court filing made public this week.

  • World Biz  |  NOVEMBER 21, 2014 8:39 AM

    Delta confirms RM47.1 bil order for Airbus planes

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    Delta Air Lines Inc confirmed on Thursday a US$14 billion (RM47.1 billion) order for 50 wide-body jets from Airbus Group NV, a victory for the European planemaker that replaces older generation aircraft from Boeing Co in Delta's fleet.

  • Finance & World Biz  |  NOVEMBER 21, 2014 8:33 AM

    Alibaba wows investors with RM26.9 bil bonds

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    Alibaba wowed the markets Thursday with its ground-breaking US$8 billion (RM26.9 billion) debut US dollar bond, pricing it at levels in line with and even tighter than some of the world's best known companies.

  • World Biz  |  NOVEMBER 21, 2014 8:19 AM

    WSJ: Wynn Resorts probed for possible money laundering

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    Casino operator Wynn Resorts Ltd is being probed by US federal authorities for possible violation of money-laundering laws, the Wall Street Journal (WSJ) reported.

  • World Biz  |  NOVEMBER 21, 2014 8:10 AM

    No plan for long-range 737 MAX, says Boeing

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    Boeing Co has no plans to extend the range of its forthcoming 737 MAX 9 jetliner in response to Airbus Group's move to offer a long-range version of its competing A321 aircraft, a senior Boeing executive said on Thursday.

  • StockStalk  |  NOVEMBER 21, 2014 8:00 AM

    AirAsia X: Panic selling from shock losses

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    Opportunity knocks when a stock falls to an all-time low. Long-haul budget carrier AirAsia X is one such stock that saw panic selling after posting its fourth consecutive loss-making quarter this week.