Asia Bizz: Goldman Sachs Fined By Britain For $27 Million
Goldman Sachs is in the news again and this time it has been fined by the Britain’s security regulators for $27 million or 17.5 million pounds. It has been fined because it has failed to disclose the Securities and Exchange Commission’s investigation into the synthetic [...]
Asia Bizz: Raids On Pirate Bay, Website Knocked Down For Hours
Torrents giant, Pirate Bay was raided in different countries and the website was out for a couple of hours. Raids took place in several countries and many location which were suspected to be the servers of the website. Major raids occurred in the UK, Netherlands, [...]
Asia Bizz: HP To Block Mark Hurd From Working With Oracle, Lawyers Feel This Will Be Hard
HP is filing a lawsuit to block their ex-CEO of their company, Mark Hurd, from working with Oracle, but according to the lawyers, they state that it will be really hard to stop this from happening as the the California [...]
Asia Bizz: Stephen Green, HSBC Chairman To Resign From His Post, To Be UK Trade Minister
Stephen Green the Chairman of HSBC Holding has stated that he will be resigning from his post, as he will be becoming the UK Trade Minister next year. He has not disclosed for the moment who is going to [...]
Asia Bizz: Oracle Hires Mark Hurd As Co-President For The Company
In an unbelievable move taken by Oracle, the technology giant has hired Mark Hurd as the Co-President of their company. Mark Hurd is the ex-CEO of HP and had to resign from the company following sexual harassment charge by a fellow employer. It has been [...]
Asia Bizz: Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp and Development Bank of Japan To Start Corporate Rehabilitation Fund
In Japan, Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp and Development Bank of Japan are all set to start corporate rehabilitation fund, both these banks are jointly trying to set up the fund before the [...]
Asia Bizz: Burger King May Possibly Be Going On Sale In The US
Burger fast food giant Burger King is reported that it may possibly be going on sale, as per sources. The fast food chain has a market value of $2.3 billion. Burger King was previously a private company and in the year 2002 it [...]
Asis Bizz: Civil Nuclear Bill Approved By The Indian Parliament
Civil Nuclear Bill : The India Parliament approved the Civil Nuclear Bill which would allow private companies to invest in India’s nuclear power market.
The Indian atomic power market is open to private companies now, India has an enormous need for energy supply. The only step left [...]
Asia Bizz: Japanese Airlines Will Slash Jobs In Order Of Restructuring Of The Company
Japanese Airlines has announced that it will be restructuring the company and to stabilize its economy it will be slashing some 16000 jobs. The Airlines had applied for bankruptcy protection in the month of January. And in a move to gain its [...]
Asia Bizz: Research In Motion (RIM) To Place BlackBerry Server In India
Research In Motion finally gave in to the demands of the Indian government, and has now agreed to place a BlackBerry server in India. RIM has said that it will be providing full information to India about the server. India has said that it [...]
