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Business 17 Apr 2013 | 12:00 AM

FAA's Huerta says agency reviewing long-range approval for 787

WASHINGTON: The head of the Federal Aviation Administration on Tuesday said his agency was examining whether to allow Boeing Co's 787 Dreamliner to resume long-distance, trans-ocean flights as part of its review of a revamped battery system.

Business 17 Apr 2013 | 12:00 AM

FAA chief says Boeing 787 battery decision likely soon

WASHINGTON: The top U.S. aviation regulator said on Tuesday he expects to decide "very soon" whether to approve Boeing Co's redesigned 787 Dreamliner battery system, potentially ending a three-month ban on flights by the high-tech jet.

Business 17 Apr 2013 | 12:00 AM

Samsung Malaysia launches new line of smart TVs

KUALA LUMPUR: Samsung Malaysia Electronics (SME) Sdn Bhd has launched a new smart TV line-up in a bid to strengthen its position as the country’s market leader in the television segment.

Business 17 Apr 2013 | 12:00 AM

ING U.S. IPO could value company at over US$6bil

NEW YORK: Dutch financial services group ING Groep NV's unit ING U.S. plans to price shares in its IPO at between US$21 and $24 each, valuing the company at up to $6.16 billion in what could be the second-largest public offering this year.

Business 17 Apr 2013 | 12:00 AM

US stocks up 1%, lifted by gold, earnings and data

NEW YORK: Stocks jumped more than 1 percent on Tuesday, a day after their worst decline since November, as gold prices rebounded and earnings from Coca-Cola and Johnson & Johnson improved the outlook for first-quarter results.

Business 18 Apr 2013 | 12:00 AM

Tesco quits US

LONDON: Britain’s biggest retailer, Tesco, wrote down the value of its global operations by US$3.5bil and announced plans to exit the United States, as it sought to rebuild after a year in which profit fell for the first time in two decades.

Business 18 Apr 2013 | 12:00 AM

Samsung says considers Hynix chips for its mobile products

SEOUL: Samsung Electronics Co is considering purchasing mobile memory chips from rival SK Hynix Inc for future products including its new flagship Galaxy S smartphone to be launched this month, J.K. Shin, head of Samsung's mobile business, said on Thursday.

Business 18 Apr 2013 | 12:00 AM

Small savings from proposed Indonesian fuel price hike

JAKARTA: One proposal Indonesia is considering to make car owners pay more for their petrol would save only 11% of the roughly US$20bil the state has budgeted this year for fuel subsidies, the energy minister said.

Business 19 Apr 2013 | 12:00 AM

Microsoft CFO to leave; profit, shares rise

SEATTLE: Microsoft Corp Chief Financial Officer Peter Klein is leaving at the end of June after 3-1/2 years in the post, as the world's biggest software company struggles with sharply declining personal computer sales and a lukewarm reception for the new Windows 8 operating system.

Business 19 Apr 2013 | 12:00 AM

Wall Street falls further, bearish signals mount

NEW YORK: Stocks fell on Thursday and the S&P 500 closed below a key technical level after disappointing forecasts from eBay and other companies, casting doubt on the market's recent strength.