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Fifteen black employees at a Whirlpool Corp. factory are moving ahead with a two-year-old federal lawsuit, after mediation talks failed to resolve claims they have been passed over for promotions and subjected to racial discrimination.
Three former Bank of China executives based in Hong Kong have gone on trial in China to face corruption charges, state media reported.
PAYMENT solutions group MasterCard International will launch trial marketing of its latest PayPass feature in Malaysia in the fourth quarter this year as part of the global rollout of the product, which is developed to capture a larger market share of low-value payments.
US extended their advance Monday on news of dropping oil prices and a bevy of corporate mergers. Oil prices fell for the third straight day, dropping more than $1 a barrel after Hurricane Dennis missed key Gulf of Mexico refineries, avoiding a disruption in fuel supplies.
The suspended chief executive of China Aviation Oil (Singapore) Corp. appeared in court on Thursday ahead of his trial on charges including insider trading and making false statements.Lawyers for Chen Jiulin said they wanted his charges clarified. The next pretrial hearing is on July 19.
TELEKOM Malaysia Bhd (TM) continues its journey towards becoming a world-class organisation in Datuk Abdul Wahid Omar's second year as its group chief executive officer. The focus is now on cost-cutting initiatives, growing the business to rev up profit and driving up productivity levels.
From the US$18mil (RM68.4mil) Manhattan apartment with a US$6,000 (RM22,800) shower curtain to a US$2mil (RM7.6mil) birthday party in the Mediterranean, for Americans the case against former Tyco CEO L. Dennis Kozlowski and a subordinate came to epitomise corporate greed.