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Demand Media acquires e-commerce marketplace
NEW YORK: Demand Media, the owner of content websites eHow, Livestrong and Cracked, said on Monday it had acquired the e-commerce marketplace Society6 for US$94 million in cash and stock as the company diversifies its business model.
On investing: The patient and the brave
REUTERS: There are two main ways to get paid as a value investor: one is by avoiding the mistakes of your peers, the other is by making some mistakes of your own.
Novartis and GSK trade assets as pharma industry reshapes
ZURICH/LONDON: Novartis and GlaxoSmithKline agreed to trade more than $20 billion worth of assets on Tuesday to bolster their best businesses and exit weaker ones as the drug industry contends with healthcare spending cuts and generic competition.
Expensive excuses
THERE are many well-known excuses in Malaysia: no time, traffic jam, too late, busy, etc. We’ve all heard them before. As a matter of fact, we have misused them ever so frequently that we tend to put important matters in the backseat of our lives. That includes our money matters.
Can’t they watch what they heat?
A pair of kidnapped Sumatran orangutans smuggled into the country three months ago are going home.
Motion controls rule Electronic Entertainment Expo
LOS ANGELES: With a new 3-D gadget, motion controllers and a buffet of never-before-seen gaming goodness, last week's Electronic Entertainment Expo was a feast for the eyes - and hands - of 45,600 folks from the video game industry. Here are the trends that emerged from the 2010 show.
Yahoo to close GeoCities, other services in revamp
SUNNYVALE, California (AP) - Yahoo Inc. said Thursday it plans to close GeoCities, a Web site publishing and hosting service it bought in May 1999 at the height of the dot-com boom for around $3 billion in stock.
String of investment bubbles marked 2000-09
NEW YORK (AP): A string of exploding investment bubbles that started with the dot-coms and ended with mortgages and oil dominated the years from 2000 to 2009. And it looks like the next decade will be no different.
Holiday Web shopping looks brighter than last year
SAN FRANCISCO: Online retailers hope the convenience of the Web, plus discounts and deals, spur still-nervous shoppers to spend more online this holiday season - even as traditional retailers brace for mediocre sales.
Colgate 1Q net rises 61% but margins fall
NEW YORK: Consumer-goods giant Colgate-Palmolive Co.'s net income soared 61 percent in the first quarter, the company reported Thursday. But under that buoyant figure, Colgate is feeling the squeeze of higher costs for fuel and other raw materials.
