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Business 11 Oct 2016 | 12:00 AM

Deutsche Bank still in discussions with US Justice Department

LONDON: Deutsche Bank AG’s negotiations with the US Justice Department to resolve a years-long investigation into the lender’s handling of mortgage-backed securities are continuing, according to people familiar with the matter.

Business 25 May 2013 | 1:53 PM

Justice Department opposes AMR's $20 million severance for CEO Horton

NEW YORK: A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.

Business 15 May 2013 | 11:31 AM

Maybank's CEO Abdul Wahid appointed Minister in PM's Department

KUALA LUMPUR: Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Seri Abdul Wahid Omar has been appointed a Minister in the Prime Minister's Department.

Business 12 Oct 2018 | 12:00 AM

Department proposes fair price committee

KAJANG: The Valuation and Property Services Department has proposed the setting up of a committee to monitor the cost components of house prices.

Business 21 Feb 2013 | 12:00 AM

US Justice Department probing JPMorgan over Bear Stearns mortgage products

NEW YORK: The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial crisis, according to people familiar with the matter.

Economy 09 Dec 2016 | 6:36 AM

Retail industry records slower growth in Q3, department stores disappoint

KUALA LUMPUR: Malaysia's retail industry recorded a dismal growth of 1.9% in the the third quarter ended Sept 30, 2016 from a year ago as the department store sub-sector reporting disappointing sales.

Business 23 Jun 2005 | 12:00 AM

Bursa department to support growth of Islamic capital market

Bursa Malaysia established an Islamic capital market (ICM) department on June 1 to support the growth of Malaysia's ICM.

Corporate News 29 Oct 2017 | 7:27 AM

South Korea Sept department store sales rebound from August

SEOUL: South Korea's department store sales in September rose at the fastest pace in 11 months, trade ministry data showed on Sunday, as demand rose ahead of the annual Chuseok holiday.

Business 07 Nov 2011 | 12:00 AM

Australia department store sales slide

MELBOURNE, Nov 7 (Reuters) Sales at Australian department stores have fallen to a record low share of retail spending, according to new research by CommSec, extending a longrunning decline as consumers head in greater numbers to specialty stores.

Business 30 Jul 2008 | 12:00 AM

ACA collecting documents on police logistics department probe

The Anti-Corruption Agency is collecting vital documents pertaining to the supply of equipment to the police logistics department worth RM100mil before it starts a full investigation.