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Judge vacates US$1.26bil ruling against PepsiCo

MILWAUKEE: A judge has tossed out a decision - for now at least - that could have cost PepsiCo Inc. US$1.26 billion after the soft drink maker didn't respond to a lawsuit claiming it stole the idea for bottled water.

Freddie Mac loses US$6.3bil in 3Q

WASHINGTON: Freddie Mac's losses narrowed to US$6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.

Warren Buffett's company 3Q profit triples to US$3.2bil

OMAHA, Nebraska: Warren Buffett's company said Friday that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts.

• What economic recovery? US unemployment shoots past 10%
• Oil prices down after US unemployment report
• US stocks post modest gains as job losses slow
• Kinsteel profit down on lower steel prices
• Widetech unit in gaming club deal
• AMMB set to exceed FY10 profit forecast
• Government to meet industry captains on 10MP
• Bank Negara reserves at RM335b
• Sime Darby forms unit in China
• Green Packet, Redtone respond to UMA query
• P1 to set aside up to RM300mil for capex
• US dollar to continue to weaken in medium term
• RM50mil sales expected at expo

Bursa Malaysia Summary

Last updated:06 Nov - 6:45 pm CI 1260.76 (6.8) Ind. 2699.87 (12.28) Vol: 14279402 lots Gainers: 476 Losers: 371 Unch: 256

Cover feature

• Fernandez is eager to put Malaysia on the world sports map
• All fired up
• Race to history The right formula to succeed
• Right in tune Group has wide-ranging businesses

News

• Lofsa will ensure businesses comply with regulations
• Vital for banks to manage liquidity risk
• More robust loans growth seen
• Fibon to set up plants in Australia and Britain
• Your 10 Questions
• Up Close and Personal

View Points

• The first step to moving towards higher income is to let the currency rise
• From tragedy togovernance of the commons
• NGO vs CPO
• Location, location, location

Land & Property

• Damansara Realty to transfer listing status to unit
• St Mary Residences to set new benchmark in Jalan Raja Chulan
• CP Group shuns listing
• A double whammy

Banking

• RHB aims to double revenue from Islamic banking ops

Telecommunication

• Seven banks expected to rake in RM318mil in fees for maxis listing

Economy

• Q4 test for US economy
• EconBriefs

Auto

• Proton chairman offers to take Transocean private

Focus On SMEs

• SMEs urged to expand into non-traditional markets

My Money

• Understanding capital terms

Insurance

• Motor policies will incorporate reference point

Business IT

• IT experts to share views on enhancing the role of MSC Malaysia

Companies & Strategies

• Lityan’s quick turn after Lembaga Tabung Haji steps in
• Accomplishing trade ties at a blistering pace
• Lessons from global crisis

Billings & Advertising

• Aggressive campaigning for a better market share
• Addressing consumer needs
• Adopting an effective weapon
• Leo Burnett banks on shopper marketing
• The Yasmin factor

Books

• An animator’s treasure
• Book review snapshots

Foreign News

• US slaps anti-dumping tariffs on Chinese tubular goods
• News in brief

Stocks

• Bulls likely to scale higher
• Treasury pulse