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Business

Atlas plans job cuts after first-half profit drop

JOHANNESBURG: Atlas Mara Ltd, co-founded by former Barclays Plc chief executive officer Bob Diamond, said it will cut jobs and costs as weaker African currencies and slowing growth caused a 71% drop in first-half profit.

Business

Australia’s Atlas issues stock to lenders to cut debt

SYDNEY: Australian iron ore miner Atlas Iron Ltd said it has agreed a far-reaching debt restructuring that will hand its lenders 70% of the company’s stock as it struggles to stay afloat.

Business

Australia’s Mineral Resources quits contest for Atlas Iron

BENGALURU: Mining infrastructure provider Mineral Resources said it would not make an offer to counter Hancock Prospecting’s A$390mil (US$288mil) bid for Australia’s Atlas Iron.

Business

Atlas aims to be top provider of marine knowhow

ATLAS Defence Technology Sdn Bhd is aiming to become one of the major service providers of marine technology in South-East Asia.

Business

Radicare signs with Atlas to provide hospital support services

PUTRAJAYA: Integrated facilities management services provider Radicare (M) Sdn Bhd is collaborating with Atlas Copco to provide higher levels of hospital support services in the country.

Business

DVM tipped to secure RM80mil Atlas One job

Solutions provider for the telecommunications industry DVM Technology Bhd is expected to be awarded a sizeable contract by Atlas One Sdn Bhd, a broadband services provider.

Business

Atlas sees good sales for air system in Malaysia

SWEDISH industrial company, Atlas Copco, which unveiled its latest workplace air system on Wednesday, is bullish about its products in Malaysia.

Business

Churning out cold hard cash

Atlas Ice prides itself on having built a soundbusiness as it commemorates its 100th anniversary.

Business

RGB secures rights to sell two more branded gaming machines

GEORGE TOWN: RGB International Bhd has secured the rights to sell two more branded gaming machines in Asia under its sales and marketing business division.

Business

Billionaire Cooperman, Omega settle SEC insider trading charges

New YORK: Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay US$4.95mil to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them.Cooperman is worth $3 billion, according to Forbes magazine