Microsoft CEO Steve Ballmer did not get his maximum bonus for the last fiscal year, despite notching the company’s highest-ever sales, as he took a hit for missteps on phones and not moving fast…
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BMW cars recalled over brake problems
BMW cars were recalled on Friday due to brake problems. Overall, approximately 350,000 luxury cars worldwide are affected.
The German auto company said there has been no accident reported thus far. A …
Asian economic data show solid footing
An expansion of manufacturing in China and India, and strong Korean exports in September suggest Asia’s economies will remain on a solid footing in coming months, even as they contend with a pic…
HP hires former SAP chief as CEO
Less than two months after Mark Hurd resigned in an ethics scandal, Hewlett-Packard Co. named Leo Apotheker, former executive of German software company SAP AG, as its new CEO, passing over several in…
Japan auto sales down
The end of major subsidies midway through the month dragged down Japan’s domestic auto sales for the first time in 14 months in September, sticking the country’s carmakers with another unw…
China GDP set to rise 9.5pc
China’s gross domestic product is forecast to rise 9.5 percent in 2010, accelerating from 9.1 percent in 2009, state television reported on Sunday.
The forecast represents the government’s…
For luxury, the crisis is over
Optimism is in the air at fashion houses Christian Dior and Lanvin, both on the catwalk and in the shops.
Consumers are opening their wallets again according to the heads of Dior and Lanvin, with dema…
US Jockey sees strong sales growth in Thailand, expects double-digit growth in Asia
Thailand is among the top five Asian countries experiencing huge sales growth in men’s underwear of US underwear retailer Jockey International Inc. It’s the strongest market for the compan…
M&S experiments with standalone beauty shop
Marks & Spencer has opened an experimental standalone beauty store in Mumbai with Indian partner Reliance.
The retailer has in the past acknowledged its weakness in the category compared with depa…
Lenovo expected to see highest shipment growth in 2011 among notebook vendors
China-based vendor Lenovo has seen its notebooks, including ThinkPad and IdeaPad, occupy more than 30 percent of total notebook sales in the China market so far in 2010 and will maintain the leading s…