Thu10232014

LAST_UPDATEThu, 23 Oct 2014 8am

BAT Cigarette Sales Falling Globally

File picLONDON: British American Tobacco (BAT) today reported an accelerated decline in the number of cigarettes sold, citing economic pressures on smokers around the world to rein in spending.

Read more: BAT Cigarette Sales Falling Globally

China Trials Turning Waste Cooking Oil Into Jet Fuel

File picBEIJING:  Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

Read more: China Trials Turning Waste Cooking Oil Into Jet Fuel

EPF Vote Barred In CIMB-led Bank Merger, Creates Doubt, Speculation

KUALA LUMPUR - A decision by Malaysia’s bourse to bar a key shareholder in CIMB Group Holdings Bhd and two other lenders from voting on their planned merger has given minority investors more clout and thrown doubt on the deal’s prospects.

Read more: EPF Vote Barred In CIMB-led Bank Merger, Creates Doubt, Speculation

Sony Might Cut Smartphone Sales Target Again

TOKYO - Sony Corp. may cut its annual sales target for smartphones for the second time this year, according to a person familiar with the matter.

Read more: Sony Might Cut Smartphone Sales Target Again

Yahoo CEO Wants Investors To Focus On Improvements, Not Stagnant Revenue

Marissa MayerSAN FRANCISCO  - Yahoo Inc’s CEO is trying to steer investor focus away from the tech company’s stagnant revenue and toward achievements and growth prospects that have been flying below the radar.

Read more: Yahoo CEO Wants Investors To Focus On Improvements, Not Stagnant Revenue

McDonald’S Profit Down Across The World

.LOS ANGELES: McDonald’s Corp chief executive officer Don Thompson owned up to some corporate image problems yesterday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales would fall again this month.

Read more: McDonald’S Profit Down Across The World

Charge GST When In Doubt, Businesses Told

KUALA LUMPUR: Businesses are advised to charge Goods and Services Tax (GST) when unclear on tax-exempt and zero-rated items to avoid being penalised, said Deloitte GST director Wong Poh Geng.

Read more: Charge GST When In Doubt, Businesses Told

Staples Says Probing Possible Payment Card Data Breach

-Reuters picSTAPLES INC is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack.

Read more: Staples Says Probing Possible Payment Card Data Breach

Coca-Cola Co Profit Falls; Company Expands Cost-Cutting

 -Reuters picCOCA-COLA CO (KO.N) said on Tuesday that its quarterly profit fell 14 percent as sales of carbonated beverage volumes in North America declined.

Read more: Coca-Cola Co Profit Falls; Company Expands Cost-Cutting

China's Growth Slowest Since Global Crisis, Annual Target At Risk

CHINA grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth.

Read more: China's Growth Slowest Since Global Crisis, Annual Target At Risk