Saturday, August 11th, 2018


Lawsuits accuse Tesla’s Musk of fraud over tweets, going-private proposal

NEW YORK, Aug 11 — Tesla Inc and Chief Executive Elon Musk were sued twice yesterday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company…

Nike sued for sex discrimination by former female employees

NEW YORK, Aug 11 — Nike Inc was sued for sexual discrimination by former female employees who say women were “devalued and demeaned” by the company, where they are passed over for promotions, paid less than their male counterparts and ignored…

Microsoft CEO sells US$36m in stock; starts trading plan

NEW YORK, Aug 11 — Microsoft Corp Chief Executive Officer Satya Nadella has sold 328,000 shares valued at US$35.9 million (RM146.6 million) for financial planning reasons and is beginning a regularly scheduled trading plan for some of the equity…

Wall Street Week Ahead: US broadcasters in line for political ad windfall

NEW YORK, Aug 11 — Local TV companies such as Sinclair Broadcast Group and Gray Television are set for a significant political advertising boost this year as candidates and special interest groups are spending heavily to woo voters in mid-term…

Trump says he will have dinner with Apple CEO Cook

WASHINGTON, Aug 11 — US President Donald Trump said in a Twitter post that he would have dinner with Apple Inc Chief Executive Officer Tim Cook yesterday. “Looking forward to dinner tonight with Tim Cook of Apple. He is investing big dollars in…

Turkish currency’s freefall rocks world equity markets, euro

LONDON, Aug 11 — A plunge in the Turkish lira rocked global equities and emerging markets yesterday and fear of further fallout sent investors scurrying for safety in assets like the yen and US government bonds. European shares and a gauge of…

Sabahans can now experience the digital lifestyle with Boost e-wallet

KOTA KINABALU: Sabahans can now enjoy the convenience of going cashless and cardless as Malaysia’s e-wallet app Boost expands into Sabah region with over 700 merchants and counting going cashless with the e-wallet. Consumers can enjoy the convenience and experience at merchants like Orange convenience store, Bataras hypermarket, KK International Airport Taxi, A Square Container […]

Manufacturers profiting from US-China trade war

KUALA LUMPUR: The US-China trade dispute has started to benefit Malaysian manufacturers as exporters from the two countries are looking for alternative sources of materials. Small and Medium Enterprises Association of Malaysia (SME Malaysia) National President Datuk Michael Kang Hua Keong said based on feedback from its members, the trade friction had already made a […]

Dagang Net, Audatex to offer system for automotive insurance repair

KUCHING: Dagang Net Technologies Sdn Bhd, a wholly-owned subsidiary of Dagang NeXchange Bhd (DNeX), has signed a memorandum of understanding (MoU) with Audatex Malaysia Sdn Bhd to provide a comprehensive motor parts, prices and repair times database system for automotive insurance repair. Under the MoU, the collaboration will include the setting up of a computerised […]

S. Korea firms caught importing coal, iron from North — Seoul

SEOUL: Three South Korean firms were caught importing coal and iron from the North last year, Seoul’s customs office said yesterday, in an apparent violation of UN sanctions imposed in August 2017 on the nuclear-armed state. More than 35,000 tonnes of North Korean coal and iron were imported into the South via Russia between April […]