$500 million

Marriott International said on Friday that hackers accessed about 500 million records in its Starwood Hotels reservation system in an attack that began four years ago, exposing personal data of customers including some payment card numbers. Shares fell 5 percent after disclosure of the hack, one of the largest in history, which prompted regulators in Britain and at least three US states to announce plans to look into the attack. The hack began in 2014, before Marriott offered to buy Starwood for $12.2 billion in…

COLOMBO: Sri Lanka’s state-run investment body has approved a $500 million liquefied natural gas plant by China Machinery Engineering Corp near a Chinese-controlled port and industrial zone, the development strategies minister said on Friday. The state-run Board of Investment has approved investment projects worth $1 billion in the first quarter, Malik Samarawickrama said, the largest of which was the LNG project in Hambantota, where China Merchants Port Holdings controls a Chinese-built port on a 99-year lease. The…

Facebook Chief Executive Officer Mark Zuckerberg sold nearly $500 million in the company’s shares in February to fund his philanthropic investment vehicle, the Chan Zuckerberg Initiative (CZI), regulatory filings showed. The move is not a surprise, being part of Zuckerberg’s plan to expedite stock sales to fund the initiative he set up in December 2015 with his wife Priscilla Chan. Two security filings on Thursday showed that Zuckerberg sold 685,000 shares worth $125.4 million in the last three days of February, taking…

BANGKOK: The financial arm of Thailand 's ultra-rich monarchy has transferred bank shares worth more than $500 million on behalf of King Maha Vajiralongkorn, according to the Securities and Exchange Commission (SEC). The SEC filing said the Crown Property Bureau, which manages the multi-billion dollar assets of the royal family, had reduced its shares in Siam Commercial Bank by 3.33 percent on October 2. That stake is worth 16.9 billion baht ($505 million) based on Friday's closing share price of 151 baht. The…

SAN FRANCISCO: Google Inc said on Tuesday it is acquiring satellite company Skybox Imaging for $500 million in cash, the Internet company's second high-profile acquisition of an aerospace company this year. Google said that Skybox's satellites will provide images for Google's online mapping service. Google, the world's No.1 Internet search engine, said that Skybox's technology could also eventually be used to provide Internet access and help with disaster relief. The acquisition of the five-year old company comes as Google…