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GM drops Facebook ads due to low impact: Source - TODAYonline
While GM gave no specific reason for dropping Facebook ads, a source said the company's marketing executives decided Facebook's ads had little impact on consumers. While GM's decision could be an exception in the advertising world, it marked the first ...
End of a chapter - TODAYonline
CBS' Simon & Schuster, News Corp's HarperCollins and Lagardère SCA's Hachette Book Group may finalise a Justice Department accord next week, said one of the sources, who requested anonymity because the talks are private. The situation may change, ...
AOL hire Evercore to find patent-portfolio buyer: Sources - TODAYonline
Private-equity firms, including Providence Equity Partners, TPG Capital and Silver Lake, have approached AOL about taking the company private, yet those overtures haven't resulted in a deal, said the people, who asked not to be identified because the ...
Zynga to pay S$253 million for 'Draw Something' creator: Sources - TODAYonline
Zynga will pay about US$200 million (S$253 million) for the startup, said a person familiar with deal, who asked not to be identified because the terms were not made public. OMGPOP will remain headquartered in New York, the companies said in a ...
Blistering and public exit for Goldman executive - TODAYonline
He worked for Goldman in London when he resigned, earning about US$500000 last year, according to people briefed on the matter. He previously worked in the New York office. He attended universities in South Africa and in the US, where he received a ...
Youku to buy Tudou in China online video deal - TODAYonline
A person close to the deal, who asked not to be named as the information was not public, said China's online video industry is highly competitive. "Although Youku and Tudou are leaders today, competition is just intensifying.
Facebook hires major banks to work on IPO - TODAYonline
Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added, said the sources, who requested anonymity because they were not authorised to speak publicly on the matter. Last September, Facebook increased its credit line to ...
Riots in China's Xinjiang Province Leave at Least 12 Dead - TODAYonline
Asked to confirm the riots, an official who answered the phone at the Kashgar government press office and declined to give his name called reports of unrest "baseless assertions." Told that one report was on Xinhua, the official hung up the phone.
School in China turned into car dealership - TODAYonline
A spokesman for the Weida dealership, who declined to give his name, said they had rented the premises legally. "We have rented this school for two years. There has only been a problem because the officials in the village have changed and the villagers ...
Apple tests 8-inch iPad: Sources - TODAYonline
Officials at Apple's suppliers, who requested anonymity, said the tech giant has shown them screen designs for a new device with a screen size of around eight inches an said the company is qualifying suppliers for it. Another unnamed source in the ...
Ducati sale or IPO this year: Sources - TODAYonline
Germany's Volkswagen and BMW are among possible buyers, the newspaper said, citing unidentified sources close to the situation. The motorcycle maker might also be a good fit for Harley-Davidson, the people familiar with the matter said.
CCTV's expanding, but fetters remain - TODAYonline
A longtime CCTV programme producer, who asked to remain anonymous because of the sensitivity of the topic, said virtually everything in the news report is decided based on political considerations. The issues are discussed at meetings, but the decision ...
EU summit off to troubled start - TODAYonline
There are plans to give European institutions powers to implement austerity measures agreed under the terms of Greece's bail-outs, said one of the officials, who declined to be identified because the talks are confidential.
100 axed at JPMorgan: Source - TODAYonline
The unit, which employed 27825 workers at the end of 2011, is not planning widespread reductions, the source said, speaking on condition of anonymity because the move has not been made public. The bank informed employees yesterday, the source said.
Bank of America to slash investment bankers' pay: Sources - TODAYonline
The compensation cut includes salary and bonus, the sources said. A spokeswoman for the North Carolina-based company would not comment. "Until things really come back, no one should be expecting compensation like they got in the past," said Ms Jeanne ...
NYSE, DB fight to save merger - TODAYonline
... NYSE Euronext and Deutsche Boerse plan to meet later toady to discuss the next steps in the planned merger of their two companies, as European antitrust regulators take steps to block the proposed deal, according to sources briefed on the matter. ...
N Korea threatens revenge against South - TODAYonline
In his annual address on Jan 2, Mr Lee will focus on inter-Korean relations, inflation and unemployment, according to a spokesman who declined to be named. With the opposition having blamed Mr Lee for escalating tensions with the North since he took ...
China to vet M&A faster - TODAYonline
BEIJING - China will quicken the pace of assessing merger and acquisition proposals next year to handle a fast growing number of domestic and cross-border deals, a government official said yesterday. Mr Shang Ming, who heads the anti-trust division of ...
Roadblocks to re-homing dogs? - TODAYonline
An animal welfare activist who declined to be named told Today that the AVA's stricter process could have come about when a stray feeder earlier this year claimed some dogs and released them back to their habitat. Two weeks ago, a jogger was bitten by ...
Olympus saga: A deafening silence - TODAYonline
At Nomura, where he was in charge of Olympus' account, he built a reputation for devising financial stratagems for clients before leaving in 1998 to set up his own consulting firm, Global Company, a person familiar with the matter said. ...
Zimbabwean women rape men for rituals: Report - TODAYonline
The report said one alleged victim, who requested anonymity, told his story on television in July this year. He said: "One of the women threw water in my face and injected me with something that gave me strong sexual desire. "They stopped the car and ...
Contract worry for Singapore players - TODAYonline
Our clubs are not offering us contract extensions because we are supposed to join the Singapore Lions," said a player, who declined to be named. "Now clubs have moved to find replacements for us and it seems that we have no choice but to go. ...
Indonesia says private investment could hit S$42.7 bln in 2012 - TODAYonline
JAKARTA - Total private-sector investment in Indonesia could reach 290 trillion rupiah (S$42.7 billion) next year, a senior government official said on Thursday, above this year's official target of 240 trillion rupiah. Total investment was recorded at ...
BlackBerry maker to face questions over British riots - TODAYonline
One committee member, who declined to be named, said: "There were suggestions from police that BBM, in particular, was used to facilitate organised crime during the riots. The question is, does (RIM) have a responsibility to monitor its network or ...
Scandal-hit News Corp reshuffles board - TODAYonline
Meanwhile, the inquiry into the scandal at the now-defunct News of the World newspaper saw its 15th arrest on Friday as part of investigations. An official at News International, who declined to be named, identified the man as Ross Hall, ...