Wed08272014

LAST_UPDATEWed, 27 Aug 2014 10pm

Auction Boom Bolsters Results At Sotheby's, Christie's

Pic: ReutersTrophy art sales including Monet's "Nympheas" and Picasso's "Portrait de femme (Dora Maar)" ensured bumper earnings for Sotheby's and Christie's in the first half, the auction houses said on Wednesday.

Read more: Auction Boom Bolsters Results At Sotheby's, Christie's

Emirates Airline Could Buy 60-80 More A380s If Engines Upgraded

Pic: ReutersDubai's Emirates could buy an additional 60 to 80 Airbus A380s if the four-engined superjumbo were revamped with more fuel-efficient engines by 2020, the airline's Chief Executive Tim Clark said, according to the Financial Times.

Read more: Emirates Airline Could Buy 60-80 More A380s If Engines Upgraded

Paypal Fuels Higher Ebay Revenue Even As Cyber Attack, Rivals Weigh

Pic: ReutersEBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as better-than-expected results from its fast-growing PayPal division helped the online retailer overcome increasing competition from Amazon.com Inc and a well-publicized cyber attack.

Read more: Paypal Fuels Higher Ebay Revenue Even As Cyber Attack, Rivals Weigh

Britain's Spaceport Ambitions Revealed

Pic: CNNBritain will launch the world's first spaceport outside the U.S., with first space tourists blasting off from the UK as early as 2018.

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Murdoch Open to Bid Above $75 Billion for Time Warner

Twenty-First Century Fox Inc. (FOXA) is willing to pay more than $75 billion for Time Warner Inc. (TWX), according to people with knowledge of the matter, a sign Rupert Murdoch is undeterred after being rebuffed in an initial offer for the media company. Time Warner shares soared.

Read more: Murdoch Open to Bid Above $75 Billion for Time Warner

Titijaya Latest Land Deal Spur Stock Price

KUALA LUMPUR: Titijaya Land shares soared 7.25 per cent or 20 sen today after it increased its stake in Tenang Sempurna Sdn Bhd to 70 per cent.

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TNB Q3 Profit Eases Slightly

Pic: NSTTENAGA Nasional Bhd’s (TNB) net profit eased slightly to RM1.71 billion for the third quarter ended May 31 2014 from RM1.72 billion a year ago on the back of higher group revenue of RM11.51 billion against RM9.65 billion previously.

Read more: TNB Q3 Profit Eases Slightly

Airasia Wins 6th Consecutive World’S Best Low Cost Airline Award

The Skytrax awards proudly shown off by (from left) AirAsia engineering group head Anaz Ahmad Tajuddin, Group CEO Tan Sri Tony Fernandes, AirAsia India CEO Mittu Chandilya, AirAsia X chairwoman Tan Sri Rafidah Aziz, Thai AirAsia CEO Tassapon Bijleveld and AirAsia X CEO Azran Osman-Rani, flanked by the budget carrier's cabin crew.LONDON: AirAsia was once again named the ‘World’s Best Low Cost Airline’ at the 2014 World Airline Awards yesterday, bringing the tally to six consecutive wins of the coveted award by the airline.

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Bank Negara To File Defence In RM146m Genneva Suits

Pic: BernamaKUALA LUMPUR: Bank Negara Malaysia was ordered to file by July 23 its defence in a RM146 million suit against gold investment firm Genneva Malaysia Sdn Bhd.

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Microsoft To Announce Job Cuts As Soon As This Week

Microsoft Corp. (MSFT) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people with knowledge of the company’s plans said.

Read more: Microsoft To Announce Job Cuts As Soon As This Week