Articles in the Business News Category

Yahoo! Rejects Microsoft/Icahn Search and Restructuring Proposal
Posted in Business News, It news on 12 July 2008

Yahoo! Suggests Microsoft Make A Proposal To Acquire Whole Company
SUNNYVALE, Calif., Jul 12, 2008 (BUSINESS WIRE) — Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, confirmed today that it has rejected a joint proposal from Microsoft Corporation and Carl Icahn for a complex restructuring of Yahoo! that would include the acquisition of Yahoo!’s search business [...]

Popularity: 1% [?]

VMware Announces Change in Executive Leadership
Posted in Business News, It news on 9 July 2008

Palo Alto, Calif. — July 8, 2008 – VMware’s Board of Directors announced today that it has made a change in the leadership of the company with the departure of Diane Greene as President and CEO. VMware’s Board of Directors has appointed Paul Maritz as President and CEO of VMware effective immediately.  Maritz was also [...]

Popularity: 1% [?]

Yahoo! Statement in Response to Carl Icahn’s Latest Open Letter
Posted in Business News, It news on 8 July 2008

SUNNYVALE, Calif., Jul 07, 2008 (BUSINESS WIRE) — Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today issued the following statement in response to Carl Icahn’s latest open letter to Yahoo! stockholders:
Yahoo!’s Board of Directors continues to stand ready to enter into negotiations with Microsoft Corporation for an acquisition of Yahoo!. Indeed, as recently as [...]

Popularity: 2% [?]

NVIDIA Reports Results for First Quarter Fiscal 2009
Posted in Business News, It news on 8 May 2008

Company Achieves 37 Percent Revenue Growth and 34 Percent Net Income Growth Year-Over-Year
SANTA CLARA, CA—MAY 8, 2008—NVIDIA Corporation (Nasdaq: NVDA), the world leader in visual computing technologies, today reported financial results for the first quarter of fiscal 2009 ended April 27, 2008.
For the first quarter of fiscal 2009, revenue was $1.15 billion, compared to $844.3 [...]

Popularity: 4% [?]

Xerox Settles Sales Commissions Practice Lawsuit
Posted in Business News on 11 April 2008

NORWALK, Conn., April 10, 2008  – Xerox Corporation (NYSE: XRX) and representatives of a class of current and former African-American sales representatives have settled a class action lawsuit brought in May 2001. The plaintiffs alleged race discrimination with respect to sales territory assignments, quotas and compensation. U.S. District Judge John Gleeson gave preliminary approval to the [...]

Popularity: 7% [?]

Saham Maybank digantung
Posted in Business News on 26 March 2008

KUALA LUMPUR: Dagangan saham Maybank digantung berikutan pengumuman bahawa ia telah memenangi bidaan untuk membeli kepentingan 56 peratus dalam Bank Internasional Indonesia dari Temasek Holdings dari Singpaura pada harga RM4.8 bilion.
Maybank, kumpulan perkhidmatan kewangan terbesar di Malaysia, akan menawarkan tender bagi mendapatkan baki kepentingan 44 peratus, yang dianggarkan pada kos RM3.8 bilion. Kali terakhir sahamnya [...]

Popularity: 7% [?]

Maybank Wins Bid To Acquire Bank Internasional Indonesia
Posted in Business News on 26 March 2008

Maybank is pleased to announce that it has today entered into a conditional sale and purchase agreement (“SPA”) to acquire up to 100% of Sorak Financial Holdings Pte Ltd (“Sorak”) for a cash consideration of approximately USD1.5 billion (RM4.8 billion) paving the way for Malaysia’s largest financial services group to be the controlling shareholder of [...]

Popularity: 20% [?]

KL stocks fall almost 10%
Posted in Business, Business News, In the news on 11 March 2008

Malaysian stocks tumbled the most in a decade today with government-linked companies hardest hit after the weekend’s political upsets.
At 2:58pm, trading was stopped for an hour as the Kuala Lumpur Composite Index (KLCI) fell 130.01 points to 1,166.32, from the previous day’s closing level 1,296.33 - about 10.03 percent.
Trading resumed at 3:58pm, and the stock [...]

Popularity: 10% [?]

Maybank Opens Branch in AEON’s Flagship Bukit Tinggi Shopping Centre
Posted in Business News on 5 March 2008

Maybank today officially opened its AEON Bukit Tinggi branch, the first branch at AEON Bukit Tinggi Shopping Centre and simultaneously launched the country’s first instant redemption facility Treatspoints for Jusco shopping vouchers at the branch. The Treatspoints redemption will be available from March 15, 2008.
AEON Bukit Tinggi, Malaysia’s largest AEON Shopping Centre, also houses [...]

Popularity: 14% [?]

Maybank Announces Retirement of President and CEO
Posted in Business News on 27 February 2008

Appointment of Dato’ Sri Abdul Wahid Omar As Successor
Maybank Group wishes to announce the retirement of its President and Chief Executive Officer, Datuk [...]

Popularity: 19% [?]