Pioneer Corp., the unprofitable Japanese maker of car-navigation systems and audio equipment, aims to sell as many as 104.4 million shares to raise about $406 million in funds for restructuring and new businesses.
SAP AG Chief Executive Officer Leo Apotheker, who resigned unexpectedly this week after the board decided not to renew his contract, told employees that he did what was best for the company during a “brutal economic crisis.”
Police officers also seized money and equipment worth hundreds of thousands of dollars during the crackdown, which occurred in November, state media reported over the past two days.
Singapore Telecommunications Ltd., Southeast Asia’s largest phone company, posted profit and sales that beat analysts’ estimates after gaining mobile customers at home and in Indonesia.
A growing number of business travelers are using portable renewable energy devices to power up their electronics when they work in places that offer little or no access to electricity.
Rajiv Goel, a former managing director in Intel Corp.’s treasury group, pleaded guilty in the Galleon Group LLC insider-trading case and will cooperate in the government’s prosecution of Galleon founder Raj Rajaratnam.
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