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Amazon’s streak of Fire ignites shares

SAN FRANCISCO: Inc’s quarterly results beat Wall Street’s most bullish expectations as heavy spending by the world’s largest Internet retailer began to pay off through sales of more digital products on its new Kindle Fire tablet.


JPMorgan wins dismissal of Ponzi scheme accusations

(Reuters) - A federal appeals court dismissed a lawsuit seeking to hold JPMorgan Chase & Co responsible for services allegedly provided by the former Washington Mutual Inc to advance a Ponzi scheme at Caribbean-based Millennium Bank.


Stanford guilty of bilking investors of billions

HOUSTON (Reuters) - Allen Stanford was convicted on Tuesday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags trajectory for the former Texas financier and Caribbean playboy.


SC feels more can be done to attract retail investors

Securities Commission (SC) felt that despite market volume last year growing by 31.6% from 2010, more could be done to drive interest of retail investors in the equities market. SC chairman Tan Sri Zarinah Anwar said in an interview with StarBizWeek increasing participation of retail investors could be achieved by getting more people to trade and one way of achieving that could be by providing more information and education to retail investors.


GLOBAL MARKETS-Fed's reassurance, earnings optimism lift shares

Asian shares rose on Thursday, retaining positive momentum as the Federal Reserve reassured markets that it will keep its very accommodative stance to support growth, while optimism grew over strong quarterly corporate earnings.


Markets push Portugal towards bond pariah Greece

LONDON/LISBON (Reuters) - Portugal's slide towards becoming the next Greece - needing a second bailout to avoid bankruptcy - accelerated on Monday as untrusting underwriters hiked the cost of insuring Lisbon's bonds to new highs and insisted it be paid up front.


Going after wrongdoers big and small

Errol Oh feels that stiffer penalties, like longer jail term, for corporatetransgressions could protect investors and the market but the SC and CCM must be consistent in their actions.


Kenanga to carve niche in retail

KUALA LUMPUR: With ECM Libra Financial Group Bhd’s investment bank now in its fold, K&N Kenanga Holdings Bhd is gearing up to carve a niche in what it sees as a lucrative sector – retail investors.


Enduring lessons from first job

DATUK Seri Idris Jala has come a long way since his first job as an industrial relations officer in Shell Malaysia. If not for an interesting twist of fate, he could well have been an unknown professor sharing his insights to a limited audience – a classroom of undergraduates or at an international conference with his peers.


GLOBAL MARKETS-Euro, shares jump on relief over Greek vote

LONDON: Investors breathed a sigh of relief on Monday after Greece's election eased fears that Europe's currency bloc would break up, boosting shares and sending the euro to a one-month high.