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Marcel Woo

Malaysian Airlines Announces US$ 435 Million State Take Over

Aug 08, 2014 02:28 AM EDT

The publicly-listed troubled Malaysian Airline will go private after Malaysia's state investment fund takes over the national carrier for MYR 1.5 billion (US$ 435.73 million) as part of the efforts to overhaul the company.

China's July Trade Surplus Hits Record High

Marcel Woo |

Aug 08, 2014 12:58 AM EDT

China's trade surplus expanded to US$47.3 billion in July from USD31.6 billion in June, a record high, as export growth unexpectedly accelerated and imports dropped, the General Administration of Customs said in a statement on Friday.

4 in 10 American Households Struggling Financially, Fed Survey Shows

Marcel Woo |

Aug 08, 2014 12:08 AM EDT

A new Federal Reserve survey showed that four in 10 American Households are still struggling financially due to tight credit, education debt and retirement issues five years after the Great Recession.

China On Alert Against Entry of Ebola Virus

Marcel Woo |

Aug 07, 2014 07:49 AM EDT

China remains Ebola-free as the National Health and Family Planning Commission (NHFPC) confirmed no cases of the virus have been monitored in the country as of this posting but the country is on alert to prevent the entry of the virus.

Bus-Car Collision Kills 7 in China's Gansu Province

Marcel Woo |

Aug 07, 2014 07:14 AM EDT

Chinese authorities said seven persons died while 13 others were injured when a bus loaded with 25 passengers crashed head on to a private car Thursday afternoon on a highway in Maqu County in China's Gansu Province.

Russia Extends Asylum of NSA Whistleblower Edward Snowden

Marcel Woo |

Aug 07, 2014 06:52 AM EDT

Russia has extended the asylum of former National Security Agency (NSA) systems analysts, who turned whistleblower, Edward Snowden for three more years after the one year temporary asylum granted to the former American spy ran out last August 1.

Accenture Under Investigation in China

Marcel Woo |

Aug 06, 2014 04:18 AM EDT

China's State Administration for Industry & Commerce (SAIC) announced on Wednesday that it has placed one of the China offices of Accenture under investigation because of its links with Microsoft China Co.

McDonald's Giving Free Burgers, Drinks This Friday... It's A Hoax!

Marcel Woo |

Aug 06, 2014 03:08 AM EDT

Thousands of Malaysian burger lovers were set to troop to the different McDonald's outlets in the country only to be told that the free-burger Friday announcement is a hoax.

Alibaba Offers Jobs to Nokia Workers Affected by Lay Off

Marcel Woo |

Aug 06, 2014 01:49 AM EDT

Alibaba Group, the world's biggest e-commerce company, said it will recruit Nokia Corp employees who will lose their jobs as part of the US company's plan to lay off 18,000 jobs globally by next year.

Ebola Could Be Declared International Public Health Emergency

Marcel Woo |

Aug 05, 2014 11:14 PM EDT

The World Health Organization (WHO) has convened a two-day emergency meeting starting Wednesday to determine if the current Ebola virus outbreak in West Africa constitutes an international public health emergency.

Mike Myers Wants Lora Hubbei as Running Mate, Sues Secretary of State

Marcel Woo |

Aug 05, 2014 05:31 AM EDT

South Dakota Independent Gubernatorial Candidate Mike Myers wants Lora Hubbel to be declared as his new running mate on the November ballot but Secretary of State Jason Gant said he was unable to certify Hubbel.

LinkedIn to be bought by Microsoft for $26 billion.

Unpaid Overtime to Cost LinkedIn US$6 Million

Marcel Woo |

Aug 05, 2014 03:18 AM EDT

The US Labor Department announced that LinkedIn has agreed to pay nearly US6 million to at least 350 workers and former employees who were not properly paid for overtime work.

No More Bird Flu: China to Export 450,000 Tons of Chicken

Marcel Woo |

Aug 04, 2014 11:49 PM EDT

Following last year’s H5N1 bird flu crisis that severely affected the poultry industry, China is set to export at least 450,000 tons of chicken to around 50 countries and regions around the world this year.

77 Million Americans Not Paying Debts On Time

Marcel Woo |

Jul 29, 2014 02:43 AM EDT

The Urban Institute has released the result of a study that showed around 77 million Americans are having a hard time paying debts on schedule.

Yum Brands, McDonald's China Supplier Shut Down, Faces Investigation

Marcel Woo |

Jul 21, 2014 04:35 AM EDT

OSI Group, the Illinois-based owner of Shanghai Husi Food, has confirmed that the Shanghai-based meat supplier of Yum Brands and McDonald's in China is under investigation.