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WASHINGTON: U.S. officials are likely to allow China's Lenovo Group to buy IBM's low-end server business and Google Inc's Motorola Mobility handset business if it agrees to concessions aimed at protecting U.S. national security, experts said.
NEW YORK: A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer. In its wake, investors and analysts are circling companies that could benefit from a major upgrade in credit card technology.
BARCELONA: The mobile phone industry is now looking to the fast-growing demand for smartphones priced at US$100 or below as the market for fancier high-end devices has become saturated, but not all handset makers are able or willing to trade down.
KUALA LUMPUR: Malaysian Airlines System Bhd (MAS) announced on Wednesday that it had awarded a 10-year, US$510mil (RM1.694bil) contract to Pratt & Whitney, a United Technologies Corp company, to maintain the engines of its fleet of 43 PW4170 aircraft.
PETALING JAYA: Zurich Insurance Group is negotiating with South Africa’s Sanlam Ltd to sell its 40% stake in MCIS Zurich Insurance Bhd, according to sources.