U.S. regulators will resume a year long quest to get audit firms to tell investors more about the companies they examine

Improving Audit Reports Is Focus of Hearing

MICHAEL RAPOPORT

April 1, 2014 8:28 p.m. ET

U.S. regulators this week will resume a yearslong quest to get audit firms to tell investors more about the companies they examine. It won’t be easy. Read more of this post

Amazon Will Now Allow Returns Using Lockers

Amazon Will Now Allow Returns Using Lockers

GREG BENSINGER

Amazon.com has quietly rolled out a new service to let customers return unwanted merchandise using large metal lockers it has installed for deliveries in garages, convenience and grocery stores in major metropolitan areas. Read more of this post

The Hottest Corporate Fad: Pay CEOs to Find Successors; No one likes giving up the power, privileges and perks of the corner office. So, some boards have begun paying chief executives extra to replace themselves

The Hottest Corporate Fad: Pay CEOs to Find Successors

Intel, EMC, Avnet, Terex Reward Leaders for Preparing to Pass the Baton

JOANN S. LUBLIN

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No one likes giving up the power, privileges and perks of the corner office. So, some boards have begun paying chief executives extra to replace themselves. Read more of this post

Windows XP: Old Platforms Die Hard, Security Risks Live On; Utilities, Banks Have Been Slow to Upgrade Machines, ATMs

Windows XP: Old Platforms Die Hard, Security Risks Live On

Utilities, Banks Have Been Slow to Upgrade Machines, ATMs

RACHAEL KING and DANNY YADRON

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Some 300 million computers, including many that manage water, electric and sewage treatment plants and ATMs, will soon be left unprotected from new security threats. Read more of this post

Manufacturers Scale Back Australia Operations

29 MINS AGOBUSINESS

Manufacturers Scale Back Australia Operations

Just two months after Toyota Motor Corp.–the last major carmaker in Australia–announced plans to pack up, oil giant BP PLC and cigarette-maker Philip Morris International Inc. said they were also scaling back their Australian operations. Read more of this post

Kakao., maker of South Korea’s dominant mobile messaging service, said its earnings grew more than tenfold last year, offering a potential business model for social platforms like WhatsApp

Kakao Records Tenfold 2013 Profit Rise Amid IPO Preparations

JONATHAN CHENG and MIN-JEONG LEE

SEOUL—Kakao Corp., maker of South Korea’s dominant mobile messaging service, said its earnings grew more than tenfold last year, offering a potential business model for social platforms like WhatsApp Inc., as investors question whether such companies can turn their swelling user bases into profits. Read more of this post

New Spore: National serviceman’s suicide: Lapses by army unit more widespread than thought

NSF suicide: Lapses more widespread than thought

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Monday, April 14, 2014 – 07:00

Ronald Loh

The New Paper

SINGAPORE – A Coroner’s Inquiry into a full-time national serviceman’s suicide last July found that his army unit had lapses in managing his schizophrenia. Read more of this post

IMF Introduces ‘Spillbacks’ Into Lexicon of Global Finance Officials

Apr 12, 2014

IMF Introduces ‘Spillbacks’ Into Lexicon of Global Finance Officials

IAN TALLEY

The world’s premier financial counselor is trying to coin a new word for finance ministers and central bankers: “spillbacks.” Read more of this post

Vietnam’s FPT Aims to Fill IT Skills Gap; FPT Chairman Truong Gia Binh Talks About the Demand for Outsourcing, Plan to Form Ties With Top Tech Firms

Vietnam’s FPT Aims to Fill IT Skills Gap

FPT Chairman Truong Gia Binh Talks About the Demand for Outsourcing, Plan to Form Ties With Top Tech Firms

NGUYEN PHAM MUOI

April 13, 2014 2:36 p.m. ET

HANOI—As businesses across the world seek to reduce technology costs by outsourcing, FPT Corp. Chairman Truong Gia Binh believes his company, and Vietnam, are perfectly placed to meet demand for computer scientists. Read more of this post

Splintered Indonesia Election Results Could Block Economic Reform

Splintered Indonesia Election Results Could Block Economic Reform

National Democratic Party Pledges Support for Democratic Party of Struggle

I MADE SENTANABen Otto and

April 13, 2014 5:52 a.m. ET

JAKARTA, Indonesia—The splintered parliament and the coalition government likely to result from Indonesia’s legislative elections this week dim chances for quick and sweeping reforms of Southeast Asia’s largest economy. Read more of this post

Using Free Wi-Fi to Connect Africa’s Unconnected; Kenya’s Safaricom Outfits City Buses, Rural Markets to Get Consumers Hooked on Mobile Internet

Using Free Wi-Fi to Connect Africa’s Unconnected

Kenya’s Safaricom Outfits City Buses, Rural Markets to Get Consumers Hooked on Mobile Internet

HEIDI VOGT

Updated April 13, 2014 4:52 p.m. ET

NAIROBI, Kenya—As young pitchmen shout to potential passengers over blaring music, a graffiti-covered private minibus fills up more quickly than the other dozen in the scrum. It has free Wi-Fi. Read more of this post

Superannuation: Retirees poorly served by system, says Centre of Excellence in Population Ageing Research

Superannuation: Retirees poorly served by system, says Centre of Excellence in Population Ageing Research

April 13, 2014 – 11:57PM

Peter Martin

So poorly are retirees served by the super system that Australia’s leading longevity research organisation is suggesting the government step in and offer policies of its own through Australia Post. Read more of this post

Hong Kong’s Family-Owned Banks on Different Paths for Now

Hong Kong’s Family-Owned Banks on Different Paths for Now

ENDA CURRAN

April 1, 2014 7:12 a.m. ET

Two of Hong Kong’s three remaining family-owned banks are taking divergent paths. As one banking dynasty sells out, another is raising capital to grow its bank, signaling that it has no intention to sell for now. Read more of this post

India’s Supreme Court ordered Samsung Group’s chairman Lee Kun-hee to come to India to face criminal charges

India’s Top Court Orders Samsung Chairman Lee Kun-hee to Surrender

Mr. Lee Given Six Weeks to Appear Before Court in Uttar Pradesh

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R. JAI KRISHNA

April 2, 2014 5:04 a.m. ET Read more of this post

Huawei Founder: Company Is Like BMW

Apr 1, 2014

Huawei Founder: Company Is Like BMW

JURO OSAWA

When people hear about China’s Huawei Technologies, German car maker BMWBMW.XE +1.38% probably never comes to mind. Read more of this post

Southwest Airlines, Once a Brassy Upstart, Is Showing Its Age

Southwest Airlines, Once a Brassy Upstart, Is Showing Its Age

Carrier Copes With Labor Strife, High Costs; Some Pine for Days of Co-Founder Herb Kelleher

JACK NICAS and SUSAN CAREY

April 1, 2014 10:38 p.m. ET

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CHICAGO—At Midway Airport here on Jan. 2, Southwest Airlines Co. LUV +1.40%canceled a third of its flights, lost 7,500 bags and, at one point, had 66 aircraft on the ground—about twice as many as the carrier has gates. Passengers were stuck on the tarmac late into the night. Read more of this post

Chinese Investors Change Face of Dubai

Chinese Investors Change Face of Dubai

Investment by Individual Chinese Investors Nearly Tripled Last Year

RORY JONES

Updated April 1, 2014 7:06 p.m. ET

About 15 miles from the Burj Khalifa on the edge of the Arabian desert is a growing housing and retail community that would look more at home in Beijing than Dubai: Stores and restaurants have Chinese signs and a huge dragon sculpture adorns the Dragon Mart shopping mall. Read more of this post

Airline Industry Warms to Costly Real-Time Tracking After Flight 370

Airline Industry Warms to Costly Real-Time Tracking After Flight 370

ANDY PASZTOR and JON OSTROWER

Updated April 2, 2014 12:25 a.m. ET

The disappearance of Malaysia Airlines 3786.KU 0.00% Flight 370 is prompting leaders of the global airline industry to warm up to a safety measure they long have resisted as too expensive: real-time satellite tracking of practically all airliners. Read more of this post

Scientists publish ‘navigation maps’ for human genome

Scientists publish ‘navigation maps’ for human genome

Wed, Mar 26 2014

By Kate Kelland

LONDON (Reuters) – A large international team of scientists has built the clearest picture yet of how human genes are regulated in the vast array of cell types in the body – work that should help researchers target genes linked to disease. Read more of this post

Mining bosses doubt private equity investors can strike gold

Mining bosses doubt private equity investors can strike gold

2:03pm EDT

By Silvia Antonioli and Dmitry Zhdannikov

LAUSANNE, Switzerland (Reuters) – Private equity firms, which have been showing an increased interest in investing in the mining industry, will have a hard time even if they are betting on recovery in the longer term, the bosses of Anglo American (AAL.L: QuoteProfileResearchStock Buzz) and Glencore Xstrata (GLEN.L:QuoteProfileResearchStock Buzz) said on Tuesday. Read more of this post

Home-grown nuts firm Tai Sun has an annual turnover of over $40m

Business built from nuts

Wednesday, Apr 02, 2014

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Rebecca Lynne Tan

The Straits Times

An unassuming woman with short salon-set hair, whose only accessories are a pair of simple but classic pearl earrings, greets you with a smile as you enter the office of nuts and snacks specialist Tai Sun (Lim Kee) Food Industries in Pandan Loop. Read more of this post

Singapore club Ku De Ta shareholders fight over sales proceeds in LVMH’s $100m takeove ; founder Chris Au allged to divert company’s resources to his other businesses, and alleged non-payment of at least $8.21 million in dividends

Ku De Ta shareholders fight over sales proceeds

Wednesday, Apr 02, 2014

Grace Leong

The Straits Times

SINGAPORE – The ink had barely dried on a $100 million-plus takeover of swish Singapore club Ku De Ta when its shareholders began waging a legal battle over the distribution of proceeds. Read more of this post

Paraplegic walks tall with bionic backpack; A state-of-the-art device called “ReWalk”, which can help those with paraplegia learn how to walk, may soon be available in Australia

Paraplegic walks tall with bionic backpack

April 1, 2014

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Kate Hagan

A state-of-the-art device called “ReWalk”, which can help those with paraplegia learn how to walk, may soon be available in Australia. Read more of this post

How to keep the flies from biting: dress as a zebra

How to keep the flies from biting: dress as a zebra

April 2, 2014 – 11:00AM

Miranda Prynne

Wearing striped clothing could help protect holidaymakers from insect bites, as this is the reason why zebras are black and white, scientists say. Read more of this post

Beijing vs. Banking Innovation; State banks and regulators take on Internet finance

Beijing vs. Banking Innovation

State banks and regulators take on Internet finance.

April 1, 2014 11:57 a.m. ET

China’s state-owned banks are ramping up their assault against Alipay, the online payment service launched by e-commerce giant Alibaba. The fuss centers on its money-management fund that since last June has been offering consumers higher returns than traditional deposits. It turns out the old banking order and its cronies in Beijing won’t allow financial liberalization to happen without a fight. Read more of this post

Second Chinese Bond Company Defaults, First High Yield Bond Issuer

Second Chinese Bond Company Defaults, First High Yield Bond Issuer

Tyler Durden on 04/01/2014 08:01 -0400

In the middle of 2012, to much yield chasing fanfare, China launched a private-placement market for high-yield bonds focusing on China’s small and medium companies, that in a liquidity glutted world promptly found a bevy of willing buyers, mostly using other people’s money. Less than two years later, the first of many pipers has come demanding payment, when overnight Xuzhou Zhongsen Tonghao New Board Co., a privately held Chinese building materials company, failed to pay interest on high-yield bonds, according to the 21st Century Business Herald. Read more of this post

Asia’s manufacturing powers stutter, stir talk of policy support

Asia’s manufacturing powers stutter, stir talk of policy support

6:35am EDT

By Adam Rose and Leika Kihara

BEIJING/TOKYO (Reuters) – Asia’s major economies finished the first quarter on a weak note with manufacturing surveys in China and Japan fueling expectations that policymakers will be forced to act in coming months to prop up faltering growth. Read more of this post

Why banks, hedge funds and Silicon Valley all want their own stock exchanges

Why banks, hedge funds and Silicon Valley all want their own stock exchanges

By Tim Fernholz @timfernholz

Because market makers are profit takers.

The new book from financial scribe Michael Lewis tracks the battle over high-frequency trading, computer-augmented strategies traders use to exploit small differences in time and price. Lewis argues that such strategies ”very likely generated more billions of dollars a year than the other strategies combined.” Read more of this post

The Reverse Innovation Paradox: Business experts say a wealth of new products and ideas will flow from emerging economies to developed markets-but real-world examples are hard to find

Posted: March 4, 2014

John Jullens is a partner with Booz & Company based in Shanghai. He co-leads the firm’s engineered products and services practice in Greater China. He blogs at www.johnjullens.com.

The Reverse Innovation Paradox Read more of this post

Vietnam IPOs of State-Owned Companies Underperform

Vietnam IPOs of State-Owned Companies Underperform

About One Quarter of Shares on Offer Were Sold in First Quarter

NGUYEN PHAM MUOI

April 1, 2014 2:40 a.m. ET

HANOI—Vietnam’s initial public offerings of state-owned enterprises in the first quarter of this year have shown poor results, with only small amounts of shares on offer being sold mostly to local investors, according to data from market regulators in Hanoi and Ho Chi Minh City. Read more of this post