The Star Online: Business
Update: Friday, September 03, 2010 MYT 5:41:46 PM



Funk band War tells PepsiCo they're not friends (Sep 3)
NEW YORK: Members of the original funk band War say they can't be friends with PepsiCo. They're suing the soft drink maker for more than US$10 million, saying it did not negotiate with them to use their song "Why Can't We Be Friends?" in a new commercial.


China orders action to cool food prices (Sep 3)
BEIJING: China has ordered local leaders to cool a surge in politically sensitive food prices by raising vegetable production amid rising tensions in poor countries over surging food costs.


Reclusive Kiwi tycoon unwraps packaging ambitions with US deal (Sep 3)
WELLINGTON, New Zealand: The reclusive New Zealand billionaire buying the U.S. maker of Hefty brand trash bags to create the world's second-biggest packaging business started out as a tow truck driver and bounced back from the brink of bankruptcy more than a decade ago to become his country's richest person.


Malaysian rubber outlook to improve (Sep 3)
The country’s rubber industry outlook is expected to improve this year as glovemakers draw an additional RM400 million in investments in 2010 and exports expanded.


Genting, Sime and UMW drag index lower (Sep 3)
Bursa Malaysia closed Friday’s trading day lower as profit-taking dragged the benchmark index lower with Genting, Sime and UMW among the losers.


Samsung unveils iPad competitor Galaxy (Sep 3)
BERLIN: Samsung Electronics Co. unveiled a new tablet PC named Galaxy Tab as the latest device meant to rival Apple Inc.'s popular iPad.


Xstrata reaches deal on US$4.2 bln Peru copper mine (Sep 3)
LIMA, Peru: Peru's government and Anglo-Swiss miner Xstrata signed a deal Thursday under which the company will spend $4.2 billion to develop the Las Bambas copper mine, in what President Alan Garcia called the "contract of the century."


Oil lingers near US$75 in Asia Friday as stock markets gain (Sep 3)
BANGKOK: Oil prices lingered near $75 a barrel Friday in Asia, largely holding onto a big gain the day before as investors put a positive spin on U.S. economic reports and Asian stock markets rose.


Asian and US stocks rise on improving US data(update) (Sep 3)
TOKYO: Most Asian stock markets climbed Friday as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery.


Facebook's new security feature: remote logouts (Sep 2)
NEW YORK: Facebook is rolling out a new security feature that lets users log out of their accounts remotely from another computer.