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Business 16 Aug 2012 | 12:00 AM

Peugeot faces tough fight over Europe plant closure

PARIS: When US carmakers slashed production capacity in exchange for government rescue four years ago, workers faced up to change. Though unions bargained hard for existing employees, they agreed to factory closures and cuts in wages and benefits for new hires. Thousands of workers accepted redundancy payouts and moved on, without a huge outcry.

Business 02 Oct 2012 | 12:00 AM

Malaysia-Market factors to watch on Oct 2(Tuesday)

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news whichcould have an influence on the local market.

Business 27 Oct 2012 | 12:00 AM

Let the house buyers beware!

To not educate yourself and learn from the mistakes of others only sets you up to be at best, disappointed and at worst, being house poor

Business 09 Nov 2012 | 12:00 AM

US SEC left computers vulnerable to cyber attacks

WASHINGTON: Staffers at the U.S. Securities and Exchange Commission failed to encrypt some of their computers containing highly sensitive information from stock exchanges, leaving the data vulnerable to cyber attacks, according to people familiar with the matter.

Business 11 Dec 2012 | 12:00 AM

Apple's iPhone Australia map leading travellers to snake infested area, police warn

CANBERRA: Australian police have warned travellers off using Apple's troubled iPhone mapping software after several motorists became stuck in a snake-infested, desert corner of the country while using their phone for directions.

Business 20 Dec 2012 | 12:00 AM

Fannie, Freddie may have lost US$3bil in Libor

WASHINGTON: Mortgage finance giants Fannie Mae and Freddie Mac may have suffered more than US$3 billion in losses due to manipulation of the benchmark interest rate known as Libor, according to an internal memo by a federal watchdog.

Business 21 Feb 2013 | 12:00 AM

US Justice Department probing JPMorgan over Bear Stearns mortgage products

NEW YORK: The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial crisis, according to people familiar with the matter.

Business 02 Mar 2013 | 12:00 AM

Will Dreamliner drama affect industry self-inspection?

SAN FRANCISCO/SEATTLE/PARIS: Eight years ago, U.S. regulators substantially increased their dependence on the aircraft industry to help keep flying safe.

Business 07 Mar 2013 | 12:00 AM

IKEA turns the global local for Asia push

MALMO, Sweden: Without a willingness to lug cheap flat-pack wardrobes home and wrestle with self-assembly, there would be no IKEA, but in Asia, where the locals have other ideas, the Swedish furniture giant thinks it still has a bright future.

Business 14 Mar 2013 | 12:00 AM

Ex-executive of US$2 trillion money management firm sues firm, claims sacked for reporting misdeeds

NEW YORK: A former junk bond portfolio manager at PIMCO, the US$2 trillion money management firm, claimed he was fired last year in retaliation for reporting financial misconduct at the firm to U.S. regulators, court papers show.