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HONG KONG: A media firm that Alibaba Group Holding Ltd recently bought said a review of its finances revealed possible accounting irregularities, casting doubts about the Chinese e-commerce giant’s due diligence as it prepares for a US initial public offering (IPO).
SAN FRANCISCO: Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a US$324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each other's employees.
SAN FRANCISCO: Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins.
CONSTRUCTION outfit Kumpulan Jetson Bhd has had more than its fair share of new shareholders emerging. In the last five years, at least two big bumiputra names have come on board. One left unceremoniously while the presence of the other has not had an impact on the company’s fundamentals so far.
BOSTON/WASHINGTON: Target Corp and Neiman Marcus are not the only U.S. retailers whose networks were breached over the holiday shopping season late last year, according to sources familiar with attacks on other merchants that have yet to be publicly disclosed.
PETALING JAYA: Malaysia Airlines (MAS) group chief executive officer Ahmad Jauhari Yahya has finally secured the buy-in of its powerful unions in his efforts to turn around the carrier, which reported a loss of RM175.98mil for its second quarter to end-June 2013, sources said.
NEW YORK: Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States.
SEATTLE/SAN FRANCISCO: While much of corporate America is retrenching on the real estate front, the four most influential technology companies in America are each planning headquarters that could win a Pritzker Architecture Prize for hubris.
An internal reorganisation and a regionalisation strategy is reaping dividends for Maybank. President and CEO Datuk Seri Wahid Omar says there’s more to come.