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Foreign business news briefs
Foreign business news briefs including from New York that IBM Corp has closed a deal to sell its hard-disk drive assets to Hitachi Ltd for US$2.05bil, as part of an effort to cut non-performing assets.
Fast-food and movies at TikTok DVD shops
McDonald's Corp has put a fast-food twist on dinner and a movie, installing DVD-rental machines outside some of its restaurants, the latest move in its efforts to attract more customers.
Senawang investing RM60mil in new project
SENAWANG Land Sdn Bhd is investing an estimated RM60mil to develop their latest project #150; the Senawang Commercial Park (SCP) #150; in Seremban.
Pepsi's new challenge
PEPSICO president and chief financial officer Indra K. Nooyi is riled. Outside her third-floor office, snow is piling up around the company's famed sculpture garden in Purchase, New York.
US stocks down as giants slide
B>NEW YORK:/BInvestors sold off stocks on Friday, pushing the Nasdaq to its biggest percentage loss in a month as poor outlooks from Microsoft Corp and International Business Machines Corp sank hopes for a quick improvement in corporate profits in 2003.
Damai Street Mall to take off this year
MK Land Holdings Bhd#039;s commercial and community hub, Damai Street Mall in the Damansara Damai township, sited at the 11th mile Jalan Kepong-Sungai Buloh, is expected to begin operations by the end of the year.
McDonald's incurs first-ever quarterly loss of US$343.8mil
McDonald#8217;s Corp has posted its first-ever quarterly loss as it absorbed the costs of closing hundreds of its fast-food restaurants and scaled back its profit growth targets.
OMD clinches Media Agency award
MEDIA specialist Optimum Media Direction (OMD) Asia-Pacific has clinched I>Media/Imagazine#146;s Media Agency of the Year 2002 award.
Yum Brands profit rises 5% on acquisitions
Yum Brands Inc, parent of the Pizza Hut, Taco Bell and KFC fast-food chains, has posted a small 5% rise in quarterly earnings, helped by acquisitions, a lower tax rate and higher sales at locations offering food from more than one brand.
Stand-up shareholders
WHEN stock prices soared in the late 1990s, shareholders were mostly a complacent lot. But a raft of corporate scandals that battered portfolios and investor confidence has led to increased shareholder activism.
