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Facebook is sued after stock plunge ‘shocked’ market

2 months, 20 days ago
NEW YORK: Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of…

Saudi carrier flynas in $8.6 bn Airbus deal: shareholder

1 year, 9 months ago
RIYADH: Low-cost Saudi carrier flynas has concluded an $8.6 billion purchase deal with Airbus, a major shareholder said Thursday, as competition grows in the kingdom's expanding market. Kingdom Holding Co, which owns a 34 percent stake…

Daughter beats father in feud at Japan shareholder's meeting

3 years, 6 months ago
TOKYO: A rare family feud erupted in a Japanese shareholders meeting on Friday, when the chief executive of Otsuka Kagu Ltd defeated her father's attempt to oust her, vowing to push ahead with her plan to take the furniture retailer more…

Formula One urged to cut costs as teams fail

3 years, 11 months ago
AUSTIN, TEXAS: Sauber principal Monisha Kaltenborn has urged Formula One's decision makers to act in the sport's best interests and tackle a looming crisis after two teams went into administration in the space of a week.