Real Estate
Intel to cut thousands of jobs to reduce costs, fund turnaround
INTEL plans to eliminate thousands of jobs to reduce costs and fund an ambitious effort to rebound from an earnings slump and market share losses.The workforce reduction may be...
P&G posts surprise sales drop as demand slows despite price controls
PROCTER & Gamble posted a surprise drop in fourth-quarter sales, as demand for its Charmin toilet paper and Pampers diapers slowed globally despite efforts to keep prices in check,...
Microsoft reports outage of some office and cloud services
MICROSOFT said it’s investigating outages of some Office applications and cloud services.
“We are investigating reports of issues connecting to Microsoft services globally,” the company wrote in an update on...
Buffett’s sales of Bank of America stock top US$3 billion
WARREN Buffett’s Berkshire Hathaway sold more Bank of America shares, boosting sales to more than US$3 billion this month, taking profits after a big run-up in the second-largest US...
Aztech Global H1 net profit up 8.7% to S$46.7 million
AZTECH Global posted an 8.7 per cent increase in net profit to S$46.7 million for its first half ended Jun 30, 2024, from S$42.9 million in the year-ago period. Revenue...
Microsoft pushes US lawmakers to crack down on deepfakes
MICROSOFT is calling on Congress to pass a comprehensive law to crack down on images and audio created with artificial intelligence – known as deepfakes – that aim to...
CDL Hospitality Trusts reports unchanged H1 DPS of S$0.0251
CDL Hospitality Trusts’ (CDLHT) net property income (NPI) for the first half ended Jun 30, 2024, rose 5.9 per cent to S$66.5 million, from S$62.9 million in the year-ago...
Far East Hospitality Trust’s H1 DPS up 2.1% to S$0.0196
FAR East Hospitality Trust (FEHT) posted a 2.1 per cent increase in distribution per stapled security (DPS) to S$0.0196 for the first half ended Jun 30, from S$0.0192 in...
Hewlett Packard set for unconditional EU nod for US$14 billion Juniper deal: sources
HEWLETT Packard Enterprise (HPE) is expected to secure unconditional European Union antitrust approval for its US$14 billion acquisition of networking gear maker Juniper Networks, sources familiar with the matter...
