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Lockheed declines to extend Titan deal period
Lockheed Martin Corp effectively scuttled plans to buy Titan Corp for US$$1.66bil, saying it refused to wait for the outcome of a federal probe into alleged overseas bribery.
Tech stocks up, Dow down
Technology stocks ended higher on Friday as investors nibbled at companies like Ciena Corp and eyed strong home sales and consumer sentiment data, but nagging uncertainty about interest rates and Iraq weighed on the Dow and the Standard Poor#8217;s 500.
Report: VW scandal grows as CEO acknowledges suspected expenses abuse
Abuses by officials at Volkswagen AG may have cost the firm hundreds of thousands of euros (dollars), its chief executive said in comments published Saturday, broadening a scandal that has seen several executives stand down.
Corporate fraud still a threat in AsiaPac
ECONOMIC crime or corporate fraud continues to be a significant threat to large and small corporations worldwide, including countries in the Asia-Pacific, PricewaterhouseCoopers (PwC) Malaysia executive chairman Datuk Johan Raslan said.
Corruption scandal threatening Brazilian economy
An ongoing corruption scandal in Brazil is damaging South America's largest economy and derailing government efforts to put the nation on a path toward slow and sustainable growth, experts said Thursday.
Samsung chairman returns to South Korea after extended stay overseas
Samsung Group Chairman Lee Kun-hee, the powerful head of South Korea's largest business conglomerate, returned home Saturday for the first time since leaving the country last year for a medical check in the United States, a Samsung spokesman said.
Ex-Malaysian banker making waves in China venture
StarBiz visited Xinfei Electric Co Ltd, HLA's refrigerator manufacturing plant in central China's Henan province, to find out how Datuk Teo Tong Kooi has rooted out the problems in this former state-owned enterprise and transformed it into a professionally run company.
Challenges in adopting concepts
TUAH Guard (M) Sdn Bhd group managing director Mohd Fariz Abu Bakar was told about the book by executive chairman and founder Datuk Abu Bakar Lajim.
Taiwan's leading department store in management row
TAIPEI (AP) - Taiwan's leading department store chain said Monday it was negotiating with its Chinese partner, after a quasi-official Taiwanese agency said the chain was involved in a major management struggle with the Beijing-based company.
Philippine shares surge 2.2% Wednesday
MANILA (AP) - Philippine shares surged Wednesday, boosted by the U.S. Federal Reserve's decision to aggressively cut interest rates and the government's August budget surplus.
