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Showing posts from September, 2015

VW revs up recall plan, hunts for culprits in pollution scam

http://www.channelnewsasia.com/news/business/international/vw-revs-up-recall-plan/2161168.html

Ringgit fell the worst against US dollar

HP's Ray Lane tried to kill Autonomy deal, documents show

Interesting corporate governance and M&A topic! The former HP chairman had grave doubts about Autonomy's worth and looked for ways to nix the $11B deal, according to internal emails that surfaced in court documents. Former Hewlett-Packard HPQ chairman Ray Lane had profound doubts about HP's $11 billion acquisition of Autonomy in 2011 and even ... Source: http://flip.it/o2dyH

FBI launches investigation into Malaysian state fund 1MDB: WSJ

Wow! Malaysia is making headlines again. KUALA LUMPUR: The U.S. Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1MDB, the Wall Street Journal reported on Sunday citing an unidentified source. The scope of the investigation into the debt-laden 1Malaysia Development Berhad (1MDB) was not clear, said the newspaper, which cited "a person familiar with the matter". Neither the FBI nor 1MDB responded to a request for comment. The reported FBI investigation comes shortly after a former member of Malaysia's ruling party was arrested just before travelling to the United States where he planned to make a police complaint and urge U.S. authorities to look into the allegations of money-laundering at 1MDB. 1MDB's advisory board is chaired by Prime Minister Najib Razak. The fund has been dogged by controversy over its US$11 billion debt and alleged financial mismanagement. A serie...

Hillary Clinton used personal e-mail account for work

Interesting. WASHINGTON: Hillary Clinton had the right to delete messages from her personal e-mail account that she deemed non-work related while she was Secretary of State, the US Department of Justice said in a court filing. The filing obtained by AFP on Saturday (Sep 12) came in response to legal action filed by Judicial Watch, a conservative monitoring group that wants access to all of Clinton's e-mail while she was the top US diplomat. "There is no question that former Secretary Clinton had authority to delete personal emails without agency supervision - she appropriately could have done so even if she were working on a government server," the Justice Department wrote in a document filed this week in US District Court in Washington. Clinton, the frontrunner for the 2016 Democratic Party presidential nomination, has been dogged for months by revelations that she used a private email account and home server in lieu of the official government email system while...

Apple unveils large-format iPad Pro tablet, iPhones 6S and 6S Plus and updated Apple TV

SAN FRANCISCO: Apple on Wednesday (Sep 9) unveiled its iPad Pro, saying the large-screen tablet has the power and capabilities to replace a laptop computer. Chief executive Tim Cook, speaking at a San Francisco media event, called the device "the biggest news in iPad since the iPad." The new tablet with a 12.9-inch (32.7-centimetre) display, also includes a detachable keyboard and stylus. Apple CEO Tim Cook presents the iPad Pro during an Apple media event in San Francisco, California. (Reuters/Beck Diefenbach ) The device features "desktop-class performance" and operates faster than 80 per cent of portable PCs that shipped in the last 12 months, said Apple senior vice president Phil Schiller. "It is thin and light enough to work all day and be taken everywhere," he added. The new iPad will be available in November starting at US$799, with a keyboard option at US$169. The iPad Pro includes a stylus called Apple Pencil - despite comments from la...