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Asian markets tumble as war fears mount
WAR jitters continued to weigh on stock markets in Asia yesterday. The Seoul and Jakarta bourses were the worst hit, with their indices sliding nearly 3%.
Year of the Horse runs out tamely, CI marginally downimg
BARGAIN hunting in selected heavyweight blue chips in the last five trading minutes yesterday, the last trading day of the lunar Year of the Horse, helped lift the KLSE Composite Index (CI) off its day low of 658 points. It closed at 665, still 0.67 of a point lower than Wednesday's finish.
US broadcasters allowed greater reach under new rules
US regulators have narrowly approved sweeping new rules that will allow television conglomerates to buy more stations, despite fears that diversity and consumer choice will be eroded.
Cisco quarterly income surges 76%
Cisco Systems Inc, the world's largest maker of equipment that directs Internet traffic, said yesterday its quarterly net income surged 76% as corporations and telecommunications carriers spent more on technology.
Call-centre jobs migration not as alarming as thought, Datamonitor
The rate at which call centre jobs will flow out of rich countries will not be as alarming in coming years as feared, independent market analyst Datamonitor said yesterday.
Comcast makes surprise US$50bil bid for Disney
US cable operator Comcast Corp has launched a surprise bid to buy Walt Disney Co for about US$50bil in stock, a deal that would create the world's largest media company and further threaten embattled Disney chief executive Michael Eisner.
Big buyers clamouring for lower price on massive Google IPO
Powerful institutional investors are clamouring to get their usual wholesale price on the blockbuster Google IPO, as the Internet giant's choice to place shares via an unusual Dutch auction threatens their payday.
US stocks narrowly mixed on smattering of mergers
Stocks were mixed in quiet trading Monday, with blue chip and tech shares rising only modestly despite lower oil prices and several mergers and acquisitions, including Wm. Wrigley Jr. Co.'s $1.5 billion bid for several candy brands from Kraft Foods Inc.
US booksellers ponder the future of browsing
As the book world winds up its annual national convention, some retailers are wondering about the fate of a cultural institution.
