Leadership
Kodak explores tapping pension fund’s US$1.2 billion surplus
EASTMAN Kodak is contemplating a move to unlock gains created by its overfunded pension system, according to sources with knowledge of the matter. The company is weighing a so-called...
Dell reports sales that top estimates on AI server excitement
DELL Technologies reported better-than-expected sales and profit as corporations appear to be updating their information technology equipment to meet artificial intelligence (AI) demand. The shares jumped about 17 per...
UK supermarket Sainsbury’s plans to cut 1,500 roles
BRITISH supermarket group Sainsbury’s said on Thursday (Feb 29) it plans to cut about 1,500 roles, as it seeks cost savings to invest back into the business. Sainsbury’s, Britain’s...
Mapletree Logistics Trust to spend S$234 million on Malaysia, Vietnam Grade A warehouse acquisitions
MAPLETREE Logistics Trust (MLT) will snag three Grade A warehouses – one in Malaysia, and two in Vietnam – for RM558.8 million (S$157.9 million) and 1.3 trillion Vietnamese dong...
US: Wall St opens higher as inflation data fuels rate cut hopes
WALL Street’s main indexes opened higher on Thursday (Feb 29) as a key inflation metric came in line with estimates, raising hopes of interest rate cuts by the US...
Citigroup to lay off 286 employees in New York
CITIGROUP will lay off 286 employees in New York, according to filings to the State Department of Labor, at a time the bank is carrying out its biggest overhaul...
Chinese retailers further discount iPhone 15
MAJOR Chinese third-party retailers JD.com, TMall, and Pinduoduo are battling for customers by offering more steep discounts on Apple’s iPhone 15 just five months after launch, as the US...
Japfa returns to black with H2 profit of US$22.8 million, but records full-year loss
AGRI-FOOD company Japfa on Thursday (Feb 29) swung back into the black for the six months ended Dec 31, 2023, posting a net profit of US$22.8 million, compared to...
