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Business 14 May 2003 | 12:00 AM Premium

Scomi makes impressive debut

OIL and gas engineering specialist Scomi Group Bhd made an impressive debut on the KLSE second board yesterday, with its shares closing at RM2.01 #150; 63 sen or 46% higher than its initial public offering (IPO) price of RM1.38.

Business 21 May 2003 | 12:00 AM Premium

MCI agrees to US$500m settlement

MCI, formerly WorldCom, agreed to a record US$500mil settlement of its accounting fraud probe with the US Securities and Exchange Commission, but a court review is still pending, according to documents filed on Monday.

Business 26 May 2003 | 12:00 AM Premium

Marketing as a strategic concept

THE function of marketing is typically organised as a department within a business. This is both good and bad.

Business 30 May 2003 | 12:00 AM Premium

Australian stockbroker jailed for insider trading

Australia's highest profile stockbroker Rene Rivkin was sentenced to nine months periodic detention for insider trading yesterday and fined A$30,000.

Business 06 Jun 2003 | 12:00 AM Premium

Anwar Aji slated to take over as Khazanah managing director

DATUK Anwar Aji, currently the chief operating officer of Khazanah Nasional Bhd, is slated to take over as managing director from Tan Sri Mohd Sheriff Kassim when the latter retires at the end of July, sources told I>StarBiz /I>yesterday.

Business 12 Jun 2003 | 12:00 AM Premium

ImClone CEO jailed for insider trading

ImClone Systems Inc founder Samuel Waksal has been sentenced to more than seven years in prison, the first chief executive to go to jail in the spate of scandals that has rocked corporate America.

Business 14 Jun 2003 | 12:00 AM Premium

SK Corp head gets jail for accounting fraud

Chey Tae-won, the chairman of South Korea#8217;s biggest oil refiner, SK Corp, was sentenced to three years in jail yesterday for his part in a US$1.2bil accounting fraud.

Business 24 Jun 2003 | 12:00 AM Premium

Negative reaction to Tanjong’s German resort venture

TANJONG plc#039;s share price skidded 60 sen or nearly 6% to a month-low of RM9.60 yesterday in a negative market reaction to the news of its intention to venture into the holiday resort business in Germany.

Business 28 Jun 2003 | 12:00 AM Premium

Fuel firm, directors fined A$53m for tax evasion

An Australian fuel company and its directors were hit with A$53mil in fines for tax evasion, the biggest such penalty in the country's corporate history.

Business 03 Jul 2003 | 12:00 AM Premium

Wall St wins big legal decision on research

B>NEW YORK: /B>Two US federal judges have thrown out lawsuits brought by investors who claimed that research from analysts at four of Wall Street's biggest firms caused them to lose money in the stock market.