Bristol-Myers to buy Amylin for about $5.3 billion

NEW YORK: Bristol-Myers Squibb Co will buy biotechnology company Amylin Pharmaceuticals Inc for about $5.3 billion in cash, helping Bristol-Myers extend its portfolio of diabetes treatments with the addition of drugs Byetta and Bydureon.

Wall Street Week Ahead: Can EU deal lift stocks for more than a day?

NEW YORK: Stocks finished the first half of the year with a bang as investors welcomed news that the euro zone is a step closer to solving its 30-month-long debt crisis. Now for the question: Is this rally strong enough to last for more than a day?

NYSE catch saves broker from disastrous blunder

NEW YORK: They might be tooting their own horn, but the New York Stock Exchange may have a point.

Wall Street ends weak quarter with a bang

NEW YORK: Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region's banks, a pact that helped remove some of the uncertainty that has plagued markets.

Sarawak oil and gas expo to clinch RM228mil sales

LABUAN: Sarawak's Oil and Gas Exhibition 2012 (SOGEX), slated for the second week of July, is expected to clinch sales of about US$60mil during the two-day event.

Fastrack can address staff pinching in E&E, says Talent Corp

KUALA LUMPUR: The FasTrack programme can be one platform for electrical and electronic (E&E) players to collaborate in attracting more talents while address staff pinching concerns among industry players, says Talent Corporation Malaysia Bhd CEO Johan Mahmood Merican.

China's textile industry growth slower, profits down

BEIJING: The growth of China's textile industry slowed in the first five months of the year, as domestic and external demand continued to drop amid a sluggish economy, according to data from the country's top economic planner.

Catcha Media to acquire Aussie firm

PETALING JAYA: Catcha Media Bhd has proposed to take control of Australian company iCar Asia Ltd, which has entered into agreements to acquire car classifieds and content websites in Malaysia, Thailand and Indonesia.

Tradewinds to launch RM6bil project

KUALA LUMPUR: Property and hotel group Tradewinds Corp Bhd will launch a RM6bil mixed development project called Tradewinds Centre which will be completed by 2020.

High-dividend equities preferred

KUALA LUMPUR: In an environment where the global economy is expected to “muddle through,” high-dividend equities are the favoured option for better returns and to enhance investors’ income.

EPMB expects RM100mil revenue contribution from MEX in FY13

SHAH ALAM: EP Manufacturing Bhd (EPMB) expects its revenue for the financial year ending Dec 31, 2013 (FY13) to be in excess of RM100mil from Maju Expressway (MEX). This is provided that the Government approves the proposed acquisition of the MEX highway by EPMB.

6.9% growth in KLIA first-quarter passenger movement

SEPANG: Kuala Lumpur International Airport (KLIA) recorded a 6.9% growth in passenger movement to 9.6 million in the first quarter of 2012 from 8.9 million in the previous corresponding quarter.

Gabungan AQRS to use IPO proceeds for expansion

KUALA LUMPUR: Construction and property developer Gabungan AQRS Bhd will utilise about RM73.16mil from the proceeds of its initial public offering (IPO) for expansion activities.

New jobs for Brooke Dockyard

KUCHING: State-owned Brooke Dockyard & Engineering Works Corp has clinched two contracts worth RM102mil for the fabrication of an offshore jacket and construction of a 45m-long landing craft.

Your 10 questions with Amirnuddin Mazlan

Amirnuddin Mazlan answers your 10 questions.

Up close and personal with Abdul Hamid Bhat

From a mechanic to a millionaire, he has not lost sight of his responsibility to society and the environment.

SOBA award winner says businesses need youths to succeed

KUCHING: Developing a business these days is all about attracting Generation Y, says a recent The Star Business Awards (SOBA) gold winner.

Leadership, heart and soul can be source of inspiration

PETALING JAYA: Deriving inspiration can come from many sources but for the Sunway Group, it needs to come from the heart and soul, as well as through great leadership skills.

Challenging task ahead for new CEO of TNB

IN the corridors of corporate Malaysia, there are some personalities who will be remembered and acknowledged after they had stepped away from the helm. It could be for some affirmative action they had taken, for turning a company around or it could be for doing things differently.

Balancing power needs

TNB has cut down massive debts, reduced power outage and built customer confidence since 2004 when Che Khalib took over the helm.

A corporate traveller

BEFORE managing Malaysia’s giant power company, Datuk Seri Che Khalib Mohd Noh was running several types of companies including railways.

Going after wrongdoers big and small

Errol Oh feels that stiffer penalties, like longer jail term, for corporate transgressions could protect investors and the market but the SC and CCM must be consistent in their actions.

Gaining entrepreneurial wisdom

Tan Thiam Hock discusses the skills aspiring entrepreneurs should equip themselves with.

Los Cabos Growth and Jobs Action Plan

Lin See-Yan is critical of the recent G20 meeting in Mexico as there seems to be a lack of clear mechanisms for real action in regards to the eurozone crisis.

Fines lead women on to Italian boards

Shireen Muhiudeen welcomes the move that sees more women on the boards of listed companies in some countries in Europe and applauds M’sia’s efforts.

Housing fund poser

Is the 3% deposit imposed enough to revive abandoned projects?

BMW sees 2-digit sales growth

PETALING JAYA: BMW Malaysia Sdn Bhd expects to maintain its sales momentum and achieve double-digit growth in sales for the rest of the year, boosted by its core models.

Maybank awaits Singapore new bank rules

KUALA LUMPUR: Malayan Banking Bhd (Maybank) is prepared to locally incorporate its retail operations in Singapore if the city state’s government requires it, according to a top company official.

Citibank says not under probe

KUALA LUMPUR: More global banks are being investigated for alleged financial market manipulation after Barclays was fined US$453mil, but Citibank has clarified that it is not one of them.

Matrade seeks opportunities in Australia after FTA signing

MELBOURNE: Malaysia will step up its drive to find new trade opportunities in Australia following the recently signed free trade agreement (FTA) between the two countries, said Malaysian External Trade Development Corp (Matrade) chief executive officer Dr Wong Lai Sum.

Deleum aiming for a bigger bite

AS the oil and gas (O&G) sector in Malaysia continues to see a sustained boom in investments, with more projects in the pipeline, players are fast positioning themselves for major wins.

Exim Bank’s transformation story

EXPORT-IMPORT Bank of Malaysia Bhd (Exim Bank) is on an expansion mode and set to position itself as a preferred bank for Malaysian export oriented businesses.

Ideas are never weird, just different

SO what will entrepreneur Derek Sivers speak on when he takes to the stage at TEDxKL next month? It is almost impossible to tell just by examining the videos of his past TEDTalks.

IPOs may lend support for bulls in second half

KUALA LUMPUR: Despite the gloomy economic outlook around the world and failing Western economies, the slate of initial public offerings (IPOs) set to be listed on Bursa Malaysia may lend crucial support for the bulls in the second half of 2012.

OCK in talks to buy telco towers

OCK Group Bhd, which is en route for listing on Bursa Malaysia’s Ace Market, is “in discussions” to acquire mobile telecommunications towers and lease them back to mobile telecommunications service providers.

Starhill REIT revalues The Residences

KUALA LUMPUR: Starhill REIT (real estate investment trust) has carried out a revaluation of The Residences which is housed under its portfolio of assets to comply with Clause 10.03 of the Securities Commission’s REIT Guidelines.

Where land is scarce, the sky’s the limit

IMPACTED by high-land cost in Penang, Ivory Properties Group Bhd will focus on building high-rise properties on the island.

More upside in the pipeline

Bursa Malaysia’s key barometer, the FBM Kuala Lumpur Composite Index (FBM KLCI) established a new all-time high of 1,611.50 shortly after the opening bell to the week, spurred by a moderately firmer US market overnight.

Microlink sees shareholding changes

KUALA LUMPUR: ACE Market-listed Microlink Solutions Bhd saw Teak Capital Sdn Bhd ceasing to be a substantial shareholder in the former after it sold about 11.44 million shares in a direct business transaction to Yong Kar Seng.

Eye On Stock

RENEWED bargain-hunting interest lifted Gadang Holdings Bhd to a four-month high of 62 sen during intra-day session before the gains were trimmed slightly, and it settled at 61 sen, up 3.5 sen yesterday.

Treasury Pulse

Selling a haunted house

SELLING a house, even in a stable property market, can be quite a challenge. But what if the home you’re trying to dispose of happens to be haunted?

Getting the true essence of branding

BUILDING a successful brand is more than just having attractive symbols or smart catch phrases, which is apparently what many company heads and entrepreneurs limit their marketing efforts to.

New technology to impact marketing

NEW media platforms and smart devices are helping to drive sales and loyalty with input and influence from every single consumer, said PHD Malaysia general manager Audrey Chong.

Ho is Spin’s creative director

SPIN Communications has appointed new media specialist Adrian Ho (pic) as creative director.

4 UK banks to pay for scandal

LONDON: Britain’s four biggest banks have agreed to pay compensation to customers they misled about interest rate hedging products, following an investigation by Britain’s financial regulator.

AB InBev buying out Corona beer maker Modelo for US$20bil

BRUSSELS: Anheuser-Busch InBev (AB InBev), the world’s biggest brewer, will swallow the half of Grupo Modelo it does not already own for US$20.1bil in the latest string of deals by big brewers looking for growth in emerging markets.

Nomura halves CEO pay to close probe

TOKYO: Nomura Holdings has admitted to widespread failures in protecting confidential client information and will slash pay for top executives and shut down an equity sales operation for a week as Japan’s largest brokerage tries to resolve a damaging insider trading probe.

Investment banks’ fee income falls 25%

LONDON: Global investment banks’ fee income dropped by about 25% in the second quarter, reaching its lowest level since early 2009 as the widening eurozone crisis weighed on securities underwriting and merger activity, Thomson Reuters data show.

Rinehart gives ultimatum to media group Fairfax chairman

SYDNEY: Mining magnate Gina Rinehart laid down an ultimatum to the chairman of troubled Australia media giant Fairfax – meet a number of performance targets or resign.

A helping hand with change

Catch Joan Hoi in a chit-chat about her book in which she emphasises the importance of change in organisations.