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)