Fri04252014

LAST_UPDATEFri, 25 Apr 2014 1pm

Facebook’s Next Growth Engines Still Warming Up

Pic : AFP Pic SAN FRANCISCO: Facebook Inc has a message for Wall Street: Don’t expect new revenue streams anytime soon.

Read more: Facebook’s Next Growth Engines Still Warming Up

Apple, Google Agree To Pay Over US$300m To Settle Conspiracy Lawsuit

Apple and Google (pic) have agreed to pay a total of US$324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, say sources. SAN FRANCISCO: Four major tech companies including Apple and Google have agreed to pay a total of US$324 million (RM1.06 billion) to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin.

Read more: Apple, Google Agree To Pay Over US$300m To Settle Conspiracy Lawsuit

Tourism Market Seen Taking Plunge After MH370 Crisis

MIER’s Executive Director, Dr Zakariah Abdul Rashid giving a speech during the19th Corporate Economic Briefing at Parkroyal Hotel in Kuala Lumpur, April 24, 2014. Pic: Malay MailKUALA LUMPUR: The tourism market’s outlook has dimmed markedly after the recent missing Malaysian Airlines flight 370, according to a study by the Malaysian Institute of Economic Research (MIER).

Read more: Tourism Market Seen Taking Plunge After MH370 Crisis

MIER: Consumer Confidence Rebounds After Inflation Reality Check

MIER’s Executive Director Dr Zakariah Abdul Rashid speaks to the media during the19th Corporate Economic Briefing at Parkroyal Hotel in Kuala Lumpur, on April 24, 2014. Pic: Malay MailKUALA LUMPUR: Consumers’ sentiments have returned after achieving a five-year low last quarter, but Malaysians are still more cautious about their future than a year ago.

Read more: MIER: Consumer Confidence Rebounds After Inflation Reality Check

Adidas To Move Some Output From Strike-Hit China Factory

Protesters from labour organisations shout slogans in support of the strike by workers at a Yue Yuen Industrial Holdings Ltd shoe factory complex in Dongguan, at a shopping mall in Hong Kong April 24, 2014. Pic: ReutersSHANGHAI: Adidas AG is moving some production away from Yue Yuen Industrial Holdings Ltd’s shoe factory in Dongguan, China, where a strike over benefits and pay disrupted output for a ninth day.

Read more: Adidas To Move Some Output From Strike-Hit China Factory

News Analysis: Asean Economic Integration In 2015 Draws Conflicting Views In Philippines

Job seekers attend a job fair in Manila March 26, 2014. The Philippines is one of Asia's fastest growing economies. Pic: ReutersMANILA: Two conflicting views have emerged in the Philippines on whether or not the country is ready for economic integration in the Association of Southeast Asian Nations (Asean) under the Asean Economic Community (AEC) due to take effect next year, Xinhua news agency reported.

Read more: News Analysis: Asean Economic Integration In 2015 Draws Conflicting Views In Philippines

Facebook Leaves Mobile Concerns In Dust With Surge In Sales

Facebook is now seeking to make more money on gadgets and wearables. Pic: ReutersSAN FRANCISCO: Facebook Inc was once mired in mobile-advertising doldrums. That was so 2012.

Read more: Facebook Leaves Mobile Concerns In Dust With Surge In Sales

GE Said In Talks To Buy France’s Alstom For US$13b

General Electric Co is in talks to buy Alstom SA, the French builder of trains and power plants. Sources reveal it would be GE’s biggest acquisition ever. Pic: ReutersLONDON: General Electric Co is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever.

Read more: GE Said In Talks To Buy France’s Alstom For US$13b

Global Aviation Body Gave Klia2 Safety Nod, Says Minister

Acting Transport Minister Datuk Seri Hishammuddin Hussein (centre) at the KLIA2 West Tower. Pic: Malay MailSEPANG: The International Civil Aviation Organization (ICAO) has verified Kuala Lumpur International Airport 2 (klia2) as safe and in compliance with global standards, the Transport Ministry said today amid lingering concerns over the low-cost terminal.

Read more: Global Aviation Body Gave Klia2 Safety Nod, Says Minister

Tim Cook Had A Really Interesting Answer For Why iPad Sales Appear To Be Stalling

Tim Cook answers pundits/Google ImagesAPPLE'S iPad sales for last quarter fell far below expectations. It sold 16.35 million of them, but analysts were expecting about 19 million.

Read more: Tim Cook Had A Really Interesting Answer For Why iPad Sales Appear To Be Stalling