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Business

Groupon results beat estimates on North American growth

Daily coupon website Groupon Inc's third-quarter results beat analysts' estimates as strong growth in North America helped offset a decline in international revenue.

Business

Q3 growth suggests likely weak US job gains

The US economy grew at an annual rate of 2.8% in the third quarter, the government said Thursday in a report that signalled little momentum for jobs growth.

Business

All that Twitter is gold or tech bubble?

Twitter Inc shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around US$25bil and evoked the heady days of the dot-com bubble.

Business

RHB Research maintains Buy call on MISC

KUALA LUMPUR: RHB Research has maintained its Buy call on MISC with a raised fair value of RM6.09 from RM5.86.

Business

US growth picks up

WASHINGTON: U.S. economic growth accelerated in the third quarter as businesses restocked shelves, but the slowest expansion in consumer spending in two years suggested an underlying loss of momentum.

Business

Twitters buying dominates Wall Street

NEW YORK: Frenzied buying in Twitter shares grabbed Wall Street's attention on Thursday, as the social media stock surged well above expectations, while major indexes fell, with the S&P 500 suffering its worst daily decline since August.

Business

Nestle Malaysia Q3 profit climbs 7.3%

PETALING JAYA: Food and beverage giant Nestle (Malaysia) Bhd posted a net profit of RM136.59mil in its third quarter ended Sept 30, up 7.3% from RM127.3mil last year, as revenue rose 5.69% to RM1.21bil against RM1.14bil.

Business

Petronas Chemicals earnings down 14% in Q3

KUALA LUMPUR: Petronas Chemicals Group Bhd’s net profit fell 14.4% in the third quarter ended Sept 30 to RM635mil or 8 sen per share from RM742mil or 9 sen per share for the same period a year ago following lower sales across its segments.

Business

Exec chairman: AirAsia still an aggressive animal, more promotions coming

KUALA LUMPUR: Newly-appointed executive chairman of AirAsia Bhd Datuk Kamarudin Meranun said competition is forcing his airline to “hit back aggressively”.

Business

MISC's Q3 profit surges 189% on shipping, Gumusut-Kakap ops

PETALING JAYA: MISC Bhd’s third quarter ended Sept 30 got a boost from Gumusut-Kakap’s first full-quarter contribution as well as improvements in its core shipping business, with analysts expecting better days ahead for the shipping giant.