Sun10262014

LAST_UPDATESun, 26 Oct 2014 10am

Apple Ordered To Raise Staff Wages By Political Activist Ralph Nader

US political activist Ralph Nader has sent Apple an open letter urging the firm's CEO Tim Cook to improve its staff wages by reducing its spending on corporate buybacks.

Read more: Apple Ordered To Raise Staff Wages By Political Activist Ralph Nader

Go-Ahead For Cash Call

Pic: freemalaysiatoday.comMALAYSIA Airports Holdings Bhd’s (MAHB) major shareholders have agreed on a cash call to help the airport operator fund the RM1.18 billion acquisition of a 40 per cent stake in Istanbul’s second largest airport, sources said.

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Industry Body Head: Growth In China’s Auto Market To Halve To 7Pc In 2014

China Association of Automobile Manufacturers (CAAM) had forecast China's auto market, which grew by 13.9 per cent last year, to expand at 8.3 per cent in 2014. /pic: ReutersSHANGHAI - Growth in China's auto market, the world's biggest, will halve to 7 per cent this year weighed down by a slowing economy, the head of an industry body said today.

Read more: Industry Body Head: Growth In China’s Auto Market To Halve To 7Pc In 2014

Ghosn: Expect More Auto Recalls As Manufacturers Work To Keep Customers Happy

Carlos GhosnSHANGHAI - Consumers can expect more auto recalls as manufacturers work to keep customers happy and ensure minimal fuss over quality issues, says Carlos Ghosn, chief executive officer of Nissan Motor Co and Renault SA.

Read more: Ghosn: Expect More Auto Recalls As Manufacturers Work To Keep Customers Happy

Malaysia Joins 20 Nations To Set Up AIIB

Pic: NSTMALAYSIA has joined 20 proposed founding member countries to set up Asian Infrastructure Investment Bank (AIIB) with an initial authorised capital of US$50 billion (RM164 billion).

Read more: Malaysia Joins 20 Nations To Set Up AIIB

WSJ: Ralph Nader Urges Apple To Raise Wages, Reduce Spending On Share Buybacks

According to a report, Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages. NEW YORK: Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported yesterday.

Read more: WSJ: Ralph Nader Urges Apple To Raise Wages, Reduce Spending On Share Buybacks

Apple CEO Says Had 'Very Open' Privacy Talks In China - Xinhua

Tim Cook gestures as he speaks at Tsinghua University in Beijing.   -Reuters picAPPLE INC Chief Executive Tim Cook was quoted on Friday as saying he had "very open" talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a hack into Apple's iCloud service in China.

Read more: Apple CEO Says Had 'Very Open' Privacy Talks In China - Xinhua

Microsoft Sales Beat Street Hopes, Cloud Profits Up

Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco.   -Reuters picMICROSOFT Corp (MSFT.O) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

Read more: Microsoft Sales Beat Street Hopes, Cloud Profits Up

Stress Tests, Ebola Cool Global Stocks After Best Week Of Year

 -Reuters picWORLD stocks dipped on Friday, as European bank stress test results due at the weekend and New York City's first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year.

Read more: Stress Tests, Ebola Cool Global Stocks After Best Week Of Year