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Business 06 Feb 2004 | 12:00 AM

Oracle ups PeopleSoft bid to US$9.4bil

Software provider Oracle Corp has raised its unsolicited takeover offer for PeopleSoft Inc by a third to US$9.4bil, signalling its determination to win over the latter's shareholders ahead of a key March vote.

Business 28 Feb 2004 | 12:00 AM

US moves to block Oracle bid for PeopleSoft

Oracle Corp has reacted sharply to US antitrust authorities' move to block its proposed US$9.4bil acquisition of software rival PeopleSoft Inc, vowing to fight the Department of Justice's complaint in court.

Business 26 Mar 2004 | 12:00 AM

Competitors see hope in EC’s Microsoft ruling

Microsoft Corp's competitors see a glimmer of hope in the European Commission's ruling on Wednesday to change the way that new features are bundled into Windows, but analysts caution that such a fundamental shift may be far off or never happen at all.

Business 21 Apr 2004 | 12:00 AM

Shell report exposes lies, CFO sacked

Royal Dutch/Shell executives knowingly hid an oil and gas reserves shortfall for years and feared the game was up as far back as 2002, an independent review revealed on Monday.

Business 18 Jun 2004 | 12:00 AM

Proton awaits nod to buy Indon plant

Proton Holdings Bhd is awaiting approval from the Indonesian authorities to acquire from the Lippo group a manufacturing plant near Jakarta, said chief executive Tengku Tan Sri Mahaleel Tengku Ariff.

Business 13 Jul 2004 | 12:00 AM

Foreign business news in brief

News briefs, including from Sydney that Media group Seven Network Ltd said its Pacific Publications unit has bought Murdoch Magazines for A$77mil, expanding its push into the lifestyle and fashion magazine segment.

Business 11 Feb 2005 | 12:00 AM

AIG earnings beat forecasts despite catastrophe losses

Insurance giant American International Group (AIG) has reported an 11.5% increase in fourth-quarter earnings as strong premium growth offset heavy storm losses and a settlement with federal regulators.

Business 12 Jul 2005 | 12:00 AM

US Governments wants information on US3.4b Adobe acquisition

Government antitrust regulators are seeking more information about the pending $3.4 billion (euro2.83 billion) acquisition of Macromedia Inc. by Adobe Systems Inc. before allowing the deal to go through, the companies said.

Business 08 Sep 2005 | 12:00 AM

Bank of China says no comment on report of alleged illicit financial links to North Korea

The Bank of China declined to comment Thursday on a report it is being investigated by U.S. authorities for alleged connections to an illicit North Korean network believed to raise funds for Pyongyang's nuclear programme.

Business 19 Nov 2005 | 12:00 AM

SBC completes purchase of AT&T in US$16b deal

NEW YORK: SBC Communications Inc. completed its purchase of former parent ATT Corp. on Friday after California officials removed the final regulatory hurdle for the $16 billion (euro13.7 billion) deal.