Corporate Bits | Lockheed Martin’s second-quarter profit beats analysts’ estimate

Lockheed Martin Corp., the largest US government contractor, has topped analysts’ estimates for its second-quarter profit and sales on the strength of its aircraft division. Net income rose 3.5 percent

Russia seeks to cut dependence on IBM, Microsoft amid sanctions

Russia’s parliament is preparing new regulations to reduce its reliance on foreign technology suppliers after the U.S. imposed sanctions against some of its largest companies, a move that could hurt

Tesco chief Philip Clarke to step down

Tesco says chief executive officer Philip Clarke will be stepping down after the latest earnings figures showed Britain’s largest retailer by revenue struggled at home. Tesco announced yesterday that Dave Lewis,

Corporate Bits | CESL Asia sponsored 2014 bocce game event

The bocce game welcomed mentally-challenged people from local special schools, sheltered workshops, caring centers and residential cares as well as their parents. Participants enjoyed the game in groups based on

How Malaysia Airlines can salvage its brand

Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed last week by the downing of another of its jets,

REAL ESTATE MATTERS|How can Tenants guarantee the return of a security deposit? – Part 1

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for

PROJECT POKER | Micro-stakes players: Believe in yourself

I wanted to share a story about when I first started to play poker. I had been playing online for a short while. I had deposited a couple of times

Fitch cuts Oi, Portugal Telecom to junk after Rioforte’s default

Fitch Ratings downgraded Brazil’s Oi SA and Portugal Telecom SPGS SA to junk after a unit of Espirito Santo International defaulted on debt payments to the European carrier, which plans

Casino stocks fall in HK amid gaming slowdown

The Hong Kong-listed unit of Las Vegas Sands Corp. dropped 1.2 percent to close at HKD55.75, the lowest level since June 25. Wynn Macau Ltd. lost 2.5 percent and Galaxy

Corporate Bits | Sands China announces promotions for eligible employees

“In view of the company’s business development, labor supply and business operation, Sands China has had a master plan geared toward further enhancing its team member structure and benefits scheme.

NEXT GENERATION TAXIS | Tech companies race to recruit drivers offering USD1,000 bonuses

Leifer has worked for San Francisco-based Lyft, the mobile application that lets people hail rides from cars festooned with pink mustaches, for the past year. In May, she picked up

Corporate Bits | Twentieth century fox plans theme park in korea

Initial plans for Twentieth Century Fox World Korea include a theme park spanning more than 75 acres of land, which will be part of a leisure resort more than 700

Bank of China hires in Hong Kong

Bank of China Ltd. is hiring traders and sales people in Hong Kong as it sets up a high-yield bond-trading platform to boost market share and cement its position as

Sydney set for biggest hotel boom since Olympics

Fourteen years after the last major hotel opened in Sydney’s center, 42 developers are competing to turn two 100-year-old government office buildings into accommodations as demand soars. Elsewhere in the city,

Corporate Bits | Paris Saint-Germain pre-season Game in Hong Kong

In preparation for the trip to Asia to face Hong Kong champions Kitchee FC, and to participate in the Trophée des Champions, Manager Laurent Blanc said that he is bringing

Draghi seen delivering USD1 trillion to banks in ECB offer

Mario Draghi’s newest stimulus tool will hand banks more than 700 billion euros (USD950 billion) of cheap funding, economists say. The European Central Bank (ECB) has identified lending to companies

Man United clinches USD1.3b Adidas kit deal

Manchester United has secured the most lucrative kit deal in football, announcing that Adidas has agreed to pay USD1.3 billion over 10 years to take over the sponsorship from Nike. The

Corporate Bits | CEM elects new board of directors and executive committee

Mr Xu Kaicheng, a master degree holder, also holds an honorary doctorate from Macau University of Science and Technology. He joined Shanghai Petrochemical General Factory in 1973. He has held

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