Special zone for China in Sri Lanka

First time ever Sri Lanka had set up a specific area for foreign companies, and China's Huichen gets it. "Sri Lanka's investment promotion agency, the Board of Investment, said it signed a deal with China's...

Siemens plans to cut 16,750 jobs

In Indonesia, Siemens product isn't that famous compare to Nokia.   " Siemens plans to cut 16,750 jobs worldwide as the German conglomerate streamlines its operations to weather the economic downturn. The company employs around 400,000 staff worldwide. The cuts...

Anil Ambani to invest in Spielberg's DreamWorks

"Los Angeles/Mumbai- According to media reports Hollywood film producers DreamWorks SKG are close to a deal with Anil Ambani's Reliance Big Entertainment, one of India's biggest entertainment conglomerate, to form...

Samsung Chairman Indicted on Tax Charges

In an extraordinary case, the chairman of Samsung is facing indictment on tax evasion charges."The chairman of Samsung Group, Lee Kun-hee, was indicted Thursday on charges of evading taxes on billions of dollars...

Blizzard/Activision Merges With Vivendi In $18 Billion Deal

And another era of gaming is born. The world's biggest publisher/distributor joined up with one of the world's biggest software companies in a deal worth almost $19 billion. What impact this will have on the...

Students protest college’s affiliation with Disney and Iger

"Several students distributed pamphlets protesting the college’s relationship with the Walt Disney Company and its CEO and president, Robert Iger ’73, in front of the Whalen Center for Music, where Iger...

Blue chips slip on GE concerns, retailers

"Blue-chip stocks edged lower on Friday after shares of conglomerate General Electric Co. (NYSE:GE - news) sank on concerns its costs are rising faster than revenues in some of its businesses. In addition, a negative brokerage recommendation affecting Home Depot Inc. (NYSE:HD...

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