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Myanmar to build power plants with U.S., Japan, S. Korea

Yangon (Myanmar): Myanmar has planned to build more power plants with companies of the United States, Japan and South Korea in an effort to cope with

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Facebook IPO trading glitch may cost Nasdaq over $100 mln

Washington: A trading glitch at Nasdaq during last Friday’s Initial Public Offering for Facebook may end up costing the American stock exchange nearly a 100 million

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Cambodia launches first ever life insurance

Phnom Penh (Cambodia): Cambodia launched the first ever life insurance here with the official inauguration of Cambodian Life Insurance Company (Cambodian Life)

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World''s biggest dairy firm to develop China specific products in Shanghai

Wellington (New Zealand): New Zealand-based Fonterra, the world''s biggest dairy company, announced Monday it is to develop unique products for the booming

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Yahoo, Alibaba reach agreement on Alibaba stake buyback

San Francisco (US): Yahoo Inc. and Alibaba Group Holdings Ltd said Sunday evening that they have reached an agreement on a buyback plan for Yahoo''s stake in

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Facebook IPO values company at $104 billion

Washington: Facebook’s initial public offering of common stock will be priced at 38 dollars a share, valuing the company at 104 billion dollars, which makes it the

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Facebook buys second photo app Lightbox after $1bn splurge on Instagram

Washington: Social media giant Facebook has bought another photo application named Lightbox, after recently shelling out over a billion dollars on Instagram.

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General Motors to pull ‘ineffective’ Facebook ads

Washington: General Motors plans to stop advertising on Facebook after deciding that paid ads on the social networking site have little impact on consumers'' car

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Washington Post newspaper division incurs losses worth $22.6 million in Q1 2012

Washington: The Washington Post Company’s newspaper division has reported an operating loss of 22.6 million dollars in the first quarter of 2012, according to its

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News Corp board backs ‘fit’ Rupert Murdoch to continue leading media firm

London: The News Corporation’s board of directors have announced its full confidence in Rupert Murdoch''s ‘fitness’ and has vowed to support him to continue ‘leading

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New Zealand, Canada cut taxes on bilateral business

Wellington (New Zealand): New Zealand and Canada on Thursday signed a new agreement to stop bilateral business being taxed twice.

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UK Culture Secretary accused of being ‘Murdoch cheerleader’ in BskyB ownership bid

London: The long-running British tabloid newspaper scandal that has rocked Rupert Murdoch’s media empire has taken a new turn with the New Corporation

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Apple’s quarterly profit surges 94pct to $11.6bn

Washington: Tech giant Apple Inc’s profits in the first three months of the year have reached 11.6 billion dollars, smashing Wall Street expectations.

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Microsoft quarterly profits beat expectations as Windows sales rise by four percent

Washington: Microsoft''s profits in the three months till the end of March have dropped slightly but the results still beat analysts'' expectations after a surprise rise in

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Sri Lanka''s bourse relaxes rule on 10 pct price band

Colombo: Sri Lanka''s stock market opened on a positive note on Friday after the removal of the 10 percent price band by the Securities and Exchange Commission

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