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Business 04 Jan 2003 | 12:00 AM

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.

Business 05 Jan 2003 | 12:00 AM

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.

Business 14 Jan 2003 | 12:00 AM

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.

Business 18 Jan 2003 | 12:00 AM

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.

Business 19 Jan 2003 | 12:00 AM

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.

Business 22 Jan 2003 | 12:00 AM

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.

Business 25 Jan 2003 | 12:00 AM

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.

Business 29 Jan 2003 | 12:00 AM

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.

Business 12 Feb 2003 | 12:00 AM

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.

Business 08 Mar 2003 | 12:00 AM

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.