The Star Online: Business
The Star Online: Business |
- Green Packet jumps in active trade
- Malaysia’s KLCI rallies on for third day
- Breaking Bad' Fan Slaps Apple With Class-Action Lawsuit Over ITunes Pricing
| Green Packet jumps in active trade Posted: KUALA LUMPUR: Green Packet's securities rose in very active trade early Wednesday, driven by heavy speculative interest about a possibility of selling its controlling stake in Packet One Networks Sdn Bhd (P1). At 9.18am, Green Packet shares rose four sen to 43.5 sen with 10.24 million shares done. It warrants added three sen to 17 sen with 20.73 million units done. The FBM KLCI rose 10.75 points to 1,775.70. Turnover was 224.77 million shares done valued at RM132.26mil. There were 269 gainers, 40 losers and 162 counters unchanged. StarBiz reported a three-way fight for the acquisition of a controlling stake in P1 may ensue. The three possible parties eyeing the WiMAX operator were DiGi.Com Bhd, the YTL group and Telekom Malaysia Bhd (TM). P1 is a 57% unit of listed Green Packet Bhd and owns valuable wireless spectrum. It owns 30MHz in the 2.3GHz band (that is used for its WiMAX network), and was one of the eight companies to be awarded last year with 20MHz of the 2.6GHz spectrum, which would be suitable for long-term evolution (LTE) or 4G-LTE type of services in the future. |
| Malaysia’s KLCI rallies on for third day Posted: KUALA LUMPUR: Encouraged by the firmer regional and US markets, the FBM KLCI extended its gains for the third day on Wednesday as investors picked up banking stocks and key plantation stocks. At 9.07am, the KLCI was up 8.74 points to 1,773.69. Turnover was 129.09 million shares valued at RM72.59mil. There were 220 gainers, 24 losers and 128 counters unchanged. Reuters reported Asian stocks rose on Wednesday, on track to post their 10th straight day of gains, while investors gave the safe-haven yen a wide berth as optimism for the Chinese economy grew and worries about U.S. military strikes on Syria receded. BIMB Securities Research believes the local market will continue its momentum on the uptrend but investors shall remain cautious with the increased market volatility. "Expect to see immediate resistance at 1,775/85 while support at 1,754/43," it said. Petronas-related stocks were among the gainers, with Petronas Dagangan adding 38 sen to RM28.48 while Petronas Gas gained 16 sen to RM21.46. Among plantations, KL Kepong added 26 sen to RM22.56 and PPB Group rose 12 sen to RM14.20. HLFG was the top gainer among finance stocks, rising 14 sen to RM14.94 while Aeon Credit jumped 36 sen to RM16.70. UMW fell the most, down 18 sen to RM12.66. PetDag-HA fell six sen to nine sen while Appple-CP lost three sen to 17.5 sen. |
| Breaking Bad' Fan Slaps Apple With Class-Action Lawsuit Over ITunes Pricing Posted: LOS ANGELES: "Breaking Bad" fans are breaking mad about the way they're being charged for their favorite show on iTunes. Well, one of them is, anyway — but he's angry enough to sue, and he wants other irked "Breaking Bad" followers to join him. Apple has been hit with a class-action lawsuit by a Cleveland man angry that iTunes is charging separately for the final eight episodes of the AMC meth drama under iTunes' Season Pass program. "When a consumer buys a ticket to a football game, he does not have to leave at halftime," the lawsuit — filed in U.S. District Court in California on Friday — reads. "When a consumer buys a 'Season Pass' to a full season of a television show on iTunes, that consumer should get access to the whole season." The suit goes on to tell the tale of Noam Lazebnik, MD, and his son-in-law, Jeremy Tor, who ordered the fifth and final season of "Breaking Bad," only to find out that they were only given access to the first eight episodes. (The fifth season of "Breaking Bad" was broken up into two eight-episode parts split up by nearly a year, with the second half premiering on AMC last month.) According to the suit, the fifth season of "Breaking Bad" has consistently been billed as 16 episodes, and iTunes promised that its Season Pass package for "Breaking Bad" included "all current and future episodes of 'Breaking Bad Season 5.'" However, the complaint says, Apple later changed the characterization of the last eight episodes as a "Final Season," and dinged fans for another fee. The suit alleges breach of contract, violation of the Calfornia Consumers Legal Remedies Act, and violation of the California Unfair Competition Act. The complaint asks that Apple compensate those who purchased the Season Pass for "Breaking Bad," whether or not they ultimately decided to pay for the final eight episodes or not.- Reuters |
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