TELSTRA TO BUY ASIAN TELECOM PROVIDER PACNET--UPDATE
Telstra Corp., Australia's dominant telecoms provider, has
reignited its Asian expansion drive with a $697 million purchase of
Pacnet, Asia's biggest operator of subsea cables. (published 0217
GMT)
SONY ASKS TWITTER TO SUSPEND USER OVER RELEASED DOCUMENTS -- UPDATE
A lawyer representing Sony Pictures Entertainment Monday asked
Twitter Inc. to suspend the account of a user who posted more than
50 internal company documents released by hackers as part of a
massive cyberattack on the studio. (published 0215 GMT)
CHINA EASTERN AIRLINES UNIT TO GET CNY1.5 BILLION CAPITAL INJECTION
China Eastern Airlines Corp., the Chinese state-run carrier,
said Monday that one of its subsidiaries will receive a 1.5 billion
yuan capital injection from its stakeholders. (published 0001
GMT)
CHINA HARMONY AUTO TO RECEIVE HK$600 MLN INVESTMENT FROM FOXCONN
China Harmony Auto Holding Ltd., a luxury car dealer, said
Monday that it plans to receive an HK$600 million investment from a
unit of Hon Hai Precision Industry Co., also known as Foxconn.
(published 0026 GMT)
DIGITAL DOMAIN IN TALKS TO FORM E-COMMERCE, VISUAL REALITY JOINT VENTURE
Digital Domain Holdings Ltd., a media-entertainment company
focused on special effects, said Monday that it was in talks to
either form or purchase a joint venture related to e-commerce and
visual reality. (published 0009 GMT)
LEGEND STRATEGY INTERNATIONAL TO RAISE UP TO HK$35 MLN VIA SHARE PLACEMENT
Legend Strategy International Holdings, a hotel operator and
consultancy, said Monday that it plans to raise about 35 million
Hong Kong dollars from a share sale to fund working capital.
(published 0046 GMT)
IAG SEES HIGHER FINAL QUAKE CLAIMS; WITHIN REINSURANCE LIMITS
Insurance Australia Group expects its final claims costs related
to the series of earthquakes that hit Christchurch to remain below
its reinsurance limit, even as it expects claims to grow.
(published 0056 GMT)
ERBEY'S EXIT ENDS HEADY ERA AT OCWEN -- 6TH UPDATE
Ocwen Financial Corp. lost its driving force on Monday as
executive chairman William C. Erbey resigned as part of the
embattled mortgage-servicing company's $150 million settlement with
New York's financial regulator. The company lost a lot of investors
too, with its shares plunging 27% on the news. (published 0019
GMT)
MESSAGING APP LINE PROMOTES IDEZAWA TO CEO
Line, developer of a rapidly growing messaging application, said
Monday that it would promote Chief Operating Officer Takeshi
Idezawa to the chief executive's position, effective in March.
(published 0013 GMT)