 SUNDAY NOVEMBER 22 2009 |
Please excuse our appearance due to overwhelming traffic.
Do visit our mirror site at www2.themalaysianinsider.com
| Business |
| Small firms more susceptible to cyber crime |
|
CHICAGO, Nov 8 — A couple years ago a crippling cyber attack on one of Nanette Lepore’s haute couture boutiques served as a wakeup call for the fashion retailer to get serious about its online security.
In 2007, Nanette’s Las Vegas store had its router hacked by a cyber criminal and confidential point-of-sale information was accessed, potentially impacting hundreds of the co... Read More... |
| US job losses hit 26-year high |
|
WASHINGTON, Nov 8 — The US jobless rate unexpectedly jumped to 10.2 per cent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
The Labour Department said on Friday that employers cut 190,000 jobs in October, more than the 175,000 markets had expected but fewer than the 219,000 ... Read More... |
| MAS voted ‘Asia’s Leading Airline’ |
|
LONDON, Nov 8 — Malaysia Airlines was voted “Asia’s Leading Airline” by over 180,000 industry professionals in a global poll conducted by the World Travel Awards.
The poll this year had the highest participation in World Travel Awards’ 16-year history, with industry professionals in over 160 countries casting their votes for what they consider to be the very best travel, tourism and hospitality products and services in Asia.
... Read More... |
| Internet censorship open to WTO challenge |
|
GENEVA, Nov 8 — Censorship of the Internet is open to challenge at the World Trade Organisation as it can restrict trade in services delivered online, a study says.
A censorship case at the WTO could raise sovereignty issues, given the clear right of member states to restrict trade on moral grounds — for example, by blocking access to child pornography websites.
... Read More... |
| Why gold is shining brighter |
|
NEW YORK, Nov 8 — The American public has no say in Federal Reserve policy.
But the gold market might.
The metal hit yet another record high on Friday, gaining US$6.40 (RM21.78) to US$1,095.10 an ounce. It jumped US$55 for the week and is up US$211, or 24 per cent, year to date.
... Read More... |
| Virtual goods start bringing real paydays |
|
SAN FRANCISCO, Nov 8 — Silicon Valley may have discovered the perfect business: charging real money for products that do not exist.
These so-called virtual goods, like a US$1 (RM3.40) illustration of a Champagne bottle on Facebook or the US$2.50 Halloween costume in the online game Sorority Life, are no more than a collection of pixels on a Web page.
But it is quickly becoming commonplace for people to spend a few dollars on them to get ahead in an online game or to give a friend a gift on a social network.
... Read More... |
| Windfall is seen as bank bonuses are paid in stock |
|
NEW YORK, Nov 8 — Even as Washington tries to rein in Wall Street pay, bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.
Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term performance. Within months, the financial system began to mend — partly with the help of billions of dollars in government aid — and that stock began surging in value. Some of it can be cashed in star... Read More... |
| Khazanah to bring kiddie characters to Nusajaya theme park |
|
JOHOR BARU, Nov 7 – Popular kiddie characters Barney, Thomas and Friends, Bob the Builder and Hello Kitty will be among attractions at the RM350 million, four-storey indoor theme park slated to be opened to the public at the end of 2012.
The park, to be housed at Puteri Harbour in Nusajaya, will boast a floor area of 60,000 square feet and another 100,000 square feet of retail space.
It will also see our very own cartoonist Lat’s first-in-Malaysia themed family restaurant.
... Read More... |
| Obama weighs steps to spur jobs, wary on deficit |
|
WASHINGTON, Nov 7 — US President Barack Obama yesterday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26˝-year peak last month.
Obama, who earlier signed a Bill to extend jobless benefits and a homebuyer tax credit, said his team was studying new spending on roads and bridges, bu... Read More... |
| Warren Buffett’s Berkshire says net income triples |
|
NEW YORK, Nov 7 — Warren Buffett's Berkshire Hathaway Inc yesterday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
Results were announced three days after Buffett revealed the biggest acquisition in his 44 years running Berkshire, a US$26 billion (RM91 billion) takeover of Burlington Northern S... Read More... |
Copyright © 2009 The Malaysian Insider