Recent Business News
- Oracle Corp said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival's Chief Executive Seth Ravin would go to trial in September.
- Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday.
KUALA LUMPUR - Shares in budget carrier AirAsia Bhd tumbled more than 8 percent to a five-year low on Wednesday on investor concerns that it may miss a deadline to raise equity in its Indonesian affiliate to avoid the unit's operations being suspended.
- JPMorgan Chase & Co will create 1,000 jobs and retain over 2,600 workers in Jersey City, and invest more than $76 million in New Jersey under a state tax credit program.
- Health insurer Humana Inc and buyer Aetna Inc set fees to be paid in the event of a failure of the largest deal in the health insurance industry.