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Tuesday, July 15, 2014
Citigroup to pay US$7 bil. in subprime mortgages probe
Citigroup will pay US$7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
Acer Chromebooks topped the U.S. consumer market during the first quarter of the year with a 46.7 percent market share, the Taiwan-based company said Monday, citing data from the NPD Group, a market research organization.
Auction house Sotheby's, eBay unveil tie-up on art auctions
Highbrow art house Sotheby's is opening a door to the masses in an alliance with Internet age online marketplace eBay.
U.S. technology giant Apple is fighting Chinese claims that the iPhone threatens national security through its ability to track and time-stamp a user's location.
European plane-maker Airbus on Monday launched the eagerly awaited upgrade to its long-haul A330 passenger jet — the A330neo — which boasts more fuel-efficient engines.
Samsung finds 'evidence' of child labor at Chinese plant
Samsung said Monday it had temporarily suspended business with one of its suppliers in China after finding “evidence” of possible illegal child labor at the plant.
The generic drugmaker Mylan is buying Abbott Laboratories' generic-drugs business in developed markets for stock valued at about US$5.3 billion.
Engineering design company Aecom Technology Corp. said Sunday it is buying URS Corp. for US$4 billion in cash and stock, or about US$56.31 per URS share.
Shareholders in Australia's oldest department store, David Jones, on Monday approved an AU$2.1 billion (US$1.98 billion) takeover of the upmarket chain by South African retail giant Woolworths Holdings.
Ratings agency Fitch warned on Monday that a merger plan by Malaysia's second largest bank CIMB Group with RHB Capital and Malaysia Building Society to create the country's biggest lender was fraught with risk.
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