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Hormel eyes Chinese wasabi maker

HONG KONG: Hormel Foods Corp, the maker of Spam canned meat and Skippy peanut butter, is among suitors studying potential bids for Chinese condiment producer Jiahao Foods, a source said.

Premier League and UFC rights holders raided in EU TV probe

LONDON: European antitrust officials are focusing on the way major sports events are broadcast after Premier League rights holder IMG revealed it was under investigation alongside Fox Networks and Ziggo Sport.

Nomura profit dips as provisions outweigh rebound

TOKYO: Nomura Holdings Inc’s fourth-quarter profit fell 63% as it booked one-time provisions in the Americas that overshadowed a rebound in trading.

Tesla’s Autopilot chief Keller steps down after two years

SAN FRANCISCO: Tesla Inc’s Autopilot chief Jim Keller has left the company, the latest in a rash of executive departures at the electric-car maker led by chief executive officer Elon Musk.

Blockbuster set of quarterly results soothe nerves over scandal-hit Facebook

BENGALURU: Shares of Facebook Inc rose as much as 7% in premarket trading after another blockbuster set of quarterly results calmed stock investors’ nerves about the fallout of the Cambridge Analytica privacy scandal.

Deutsche Bank on overhaul

FRANKFURT: Deutsche Bank AG is embarking on what may be the most sweeping overhaul ever of its struggling investment bank and said it would focus more on European clients, walking away from ambitions to be a top global securities firm.

YouTube giving parents more control over its Kids app

YouTube said that it will give parents of young children something they have sought for a long time: more control over which videos their kids will be able to see.

CIMB Research retains Hold for KL Kepong, TP RM27.15

KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Kuala Lumpur Kepong (KLK) and sum-of-parts based target price of RM27.15 per share.

Amid privacy changes, Facebook will still treat US teens as adults

Faced with public outrage, congressional scrutiny, and a sweeping new data-privacy law soon to take effect in Europe, Facebook has vowed to better protect its users' privacy.

Choo Bee rises 5% on proposed bonus issue

KUALA LUMPUR: Choo Bee Metal Industries Bhd’s shares got a boost in early trade on news of its proposed bonus issue.