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Business 11 Feb 2005 | 12:00 AM

HP ousts CEO Carly Fiorina

Hewlett-Packard Co (HP) has ousted chairman and chief executive Carly Fiorina, the architect of the controversial US$19bil merger with Compaq Computer that never produced the results she promised.

Business 11 Feb 2005 | 12:00 AM

US stocks higher as investors digest deficit data

US stocks surged Thursday, with blue chips posting the sharpest gains as investors focused on the positive news in the latest economic reports: a drop in unemployment claims, a rise in exports and a narrower U.S. trade deficit in December.

Business 11 Feb 2005 | 12:00 AM

Big gainers and losers among US stocks last year

THE Dow Jones Industrial Average and the Standard amp; Poor#039;s 500 Stock Index are down a fraction of a per cent this year #150; about as close to unchanged as you can get. Yet there#039;s plenty of excitement in individual stocks.

Business 08 Feb 2005 | 12:00 AM

Profit-taking, budget concerns pressure US stocks

US stocks dipped lower Monday despite a sharp drop in oil prices and new strength in the dollar as investors worried about the market's ability to hold its gains after last week's rally

Business 06 Feb 2005 | 12:00 AM

Stocks jump on tobacco case

US stocks surged ahead on Friday, boosted by a rise in cigarette makers after a favourable court ruling and a weaker-than-expected jobs report that eased concerns about faster interest-rate hikes.

Business 04 Feb 2005 | 12:00 AM

Fed nudges up interest rates for sixth time

The US Federal Reserve has raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures.

Business 04 Feb 2005 | 12:00 AM

More syariah products needed to meet demand

ISLAMIC banking practitioners and scholars should be able to foresee the needs of the market and roll out I>syariah/Iproducts and services in advance of conventional products to ensure continuous growth of Islamic banking globally, International Islamic University Malaysia deputy rector and I>syariah/Iadvisory council member of Bank Negara, Associate Professor Dr Mohd Daud Bakar, said.

Business 04 Feb 2005 | 12:00 AM

Tokyo stocks end lower Friday, US$ up against yen

Tokyo stocks fell Friday as investors cautiously awaited key events including a series of earnings reports from major Japanese companies later in the day.

Business 01 Feb 2005 | 12:00 AM

MAS to buy 78 new planes this year

MALAYSIA Airline System Bhd (MAS) plans to expand its fleet with an order for up to 78 new planes this year, an official said yesterday.

Business 30 Jan 2005 | 12:00 AM

Drug company drags down stocks

US stocks ended lower on Friday, dragged down by a sharp fall in drugmaker Merck Co Inc on concerns about a key drug, worries ahead of the Iraq election and weaker-than-expected economic growth.