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Business 31 Jan 2014 | 12:00 AM

Experts predict Lenovo's US buys will pass regulatory muster (Update)

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.

Business 31 Jan 2014 | 6:42 AM

Wall Street rallies on Facebook and GDP

NEW YORK: The S&P 500 scored its biggest gain in more than a month on Thursday as Facebook led a tech rally and data showed the U.S. economy was on solid footing in the fourth quarter.

Business 30 Jan 2014 | 12:00 AM

Lowe to spearhead TM business

KUALA LUMPUR: Multinational advertising agency Lowe Malaysia has landed the position as Telekom Malaysia Bhd’s (TM) lead agency to spearhead business and brand growth for the latter’s mass market consumer and SME businesses portfolios.

Business 19 Jan 2014 | 10:20 PM

After Target hack, Verifone smart card readers could shine

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.

Business 18 Feb 2014 | 12:00 AM

Wilmar policy affects Sarawak plantation stocks

PETALING JAYA: Sarawak-based listed plantation firms faced mild selling pressure, following reports that Wilmar International Ltd would discontinue buying crude palm oil (CPO) from some plantations in Sarawak from 2016.

Business 27 Feb 2014 | 11:31 AM

Smartphone war shifts from gadgetry to price

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.

Business 12 Feb 2014 | 11:47 AM

Airbus A380 gets boost with US$8.3bil order

SINGAPORE: Airbus' flagship A380 got a fresh lift Wednesday after leasing firm Amedeo firmed up its order for 20 of the superjumbo aircraft in a deal worth US$8.3bil.

Business 13 Feb 2014 | 12:00 AM

Scomi Energy lands RM195mil deal in Thailand

PETALING JAYA: Scomi Energy Services Bhd has secured an RM195mil contract from PTTEP Siam Ltd and PTTEP International Ltd to provide drilling fluids services for an onshore drilling campaign in Thailand.

Business 12 Feb 2014 | 5:50 PM

MAS awards US$510mil maintenance contract to Pratt & Whitney

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.

Business 13 Feb 2014 | 12:00 AM

Talks on MCIS Zurich stake sale to S. Africa's Sanlam

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.