• World Biz  |  DECEMBER 19, 2014 11:02 AM

    Linux distributor Red Hat raises full-year profit forecast

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    Red Hat Inc, the world's largest commercial distributor of the Linux operating system, raised its profit forecast for the full year after reporting quarterly revenue and profit above market expectations, boosted by strong growth in subscriptions.

  • World Biz  |  DECEMBER 19, 2014 10:46 AM

    Ebay to pay RM121 mil to retain top execs until spinoff

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    Five of EBay Inc’s top executives will leave the company when it spins off the payment-processing division PayPal next year, and retaining them until the deal closes will cost more than US$35 million (RM121.35 million), according to a regulatory filing today.

  • Featured and Exclusive & World Biz  |  DECEMBER 19, 2014 10:26 AM

    Googles aims to build next version of Android into cars

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    Google Inc is laying the groundwork for a version of Android that would be built directly into cars, sources said, allowing drivers to enjoy all the benefits of the Internet without even plugging in their smartphones.

  • Featured and Exclusive & World Biz  |  DECEMBER 19, 2014 10:24 AM

    Facebook losing cool factor among US teens

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    A report found that the portion of 13- to 17-year-old social-media users in the US on Facebook slipped to 88% this year from 94% in 2013 and 95% in 2012.

  • World Biz  |  DECEMBER 19, 2014 10:13 AM

    Xerox to sell IT outsourcing business to Atos

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    Xerox Corp agreed to sell its information technology outsourcing business to French computer-services provider Atos for US$1.05 billion (RM3.6 billion), giving the US company more funds for acquisitions and shareholder returns.

  • World Biz  |  DECEMBER 19, 2014 10:04 AM

    Uber stops pickups in Portland for 3 months

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    Uber Technologies Inc is limiting service in Portland, Oregon, for three months as it works with local officials on regulations that will let the mobile car-booking application operate legally in the city.

  • Markets  |  DECEMBER 19, 2014 9:46 AM

    KL shares open higher

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    Shares on Bursa Malaysia opened higher today, lifted by buying support in selected blue-chips.

  • Markets  |  DECEMBER 19, 2014 9:39 AM

    Ringgit opens lower against US$

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    The ringgit opened lower today against the US dollar and mixed against other major currencies.

  • World Biz  |  DECEMBER 19, 2014 9:28 AM

    Aer Lingus rejects IAG takeover approach

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    Aer Lingus has rejected a takeover approach from the owner of British Airways, which is keen to gain control of the Irish airline's slots at London's Heathrow Airport.

  • World Biz  |  DECEMBER 19, 2014 9:18 AM

    Alcatel-Lucent shares jump 8% on Nokia merger report

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    Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent, have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.

  • World Biz  |  DECEMBER 19, 2014 9:12 AM

    Air France issues 3rd profit warning in 6 months

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    Air France-KLM on Thursday issued its third profit warning in six months, cutting its 2014 earnings goal by 200 million euros as higher-than-expected costs from a recent pilot strike added to weaker unit revenues.

  • World Biz  |  DECEMBER 19, 2014 9:04 AM

    Kraft CEO to retire, chairman to succeed

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    Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States.

  • World Biz  |  DECEMBER 19, 2014 8:47 AM

    GE to launch documentary for streaming devices

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    US industrial conglomerate General Electric Co plans to release its first feature film through video streaming devices like Roku and Apple TV in a marketing effort that raises the bar for sponsored content.

  • World Biz  |  DECEMBER 19, 2014 8:23 AM

    Nike’s future orders growth rate slows

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    Nike Inc said future orders, an indicator of growth, increased 11% in the latest quarter, the slowest rate in four quarters and lower than market estimates.

  • Issues  |  DECEMBER 19, 2014 8:00 AM

    Iskandar’s silver linings

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    Despite general pessimism about the Iskandar region this year - caused mainly by a slumping property market and a glut of properties - some market observers feel that there is still hope yet for the national project.

  • Commodities  |  DECEMBER 19, 2014 7:45 AM

    Gold rises as Fed takes patient stance on rate hike

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    Gold rose on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, boosting stock markets and commodities, though it pared early gains as the dollar strengthened against a basket of currencies.

  • Commodities & Featured and Exclusive  |  DECEMBER 19, 2014 7:34 AM

    Oil tumbles anew after brief rebound

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    Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.

  • StockStalk  |  DECEMBER 19, 2014 7:30 AM

    SapuraKencana: How will it ride the oil price crash?

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    [email protected]

    O&G giant SapuraKencana's share price has suffered from plummeting crude oil prices. Despite a solid track record and a RM26 billion order book, there are concerns over its foreign exposure and heavy gearing. Will it survive the current oil price collapse?

  • Finance & Markets  |  DECEMBER 19, 2014 7:25 AM

    US dollar edges higher in wake of Fed statement

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    The US dollar rose against major currencies for a second straight session on Thursday in the wake of the Federal Reserve's signals that it could hike rates soon and looser monetary policy overseas.

  • Markets  |  DECEMBER 19, 2014 7:14 AM

    Wall St has best 2-day gain since 2011 on Fed optimism

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    The S&P 500 closed out its biggest two-day advance since November 2011 on Thursday, extending a Federal Reserve-fuelled rally from the previous session, while tech shares jumped after Oracle results.