Posts by Liam Redmond
Coca-Cola to roll out new version of Coke sweetened with American cane sugar
Coca-Cola said it will roll out a new version of its signature soft drink that will be sweetened with cane sugar instead of corn syrup — days after President Trump posted about it on social media. “As part of its ongoing innovation agenda, this fall in the United States, the company plans to launch an…
Read MoreMadeline Soto’s killer gets 21 life sentences for teen’s rape and murder: ‘You’re depraved’
Madeline Soto’s perverted killer has been handed 21 concurrent life sentences for raping and murdering the 13-year-old in a deal that lets him avoid the death penalty. Stephan Sterns — the longtime boyfriend of Soto’s mom, Jenn Soto — pleaded guilty to 20 counts of sexual abuse and no contest to murder at a hearing…
Read MoreSingPost divests freight forwarding business Famous Holdings for S$177.9 million
[SINGAPORE] Singapore Post (SingPost) has divested its entire freight forwarding business, Famous Holdings, for about S$177.9 million. The sale resulted in an estimated realised gain on disposal of S$10.5 million and about S$104 million in cash for the company, said the national postal service provider on Tuesday (Jul 22). It noted that the sale…
Read MoreLockheed Martin’s Q2 profit plummets on US$1.6 billion charge
[WASHINGTON] Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant recorded pre-tax losses of US$1.6 billion, mainly linked to a classified programme within its Aeronautics segment. Net income fell to US$342 million, or US$1.46 per share, compared with US$1.64 billion, or US$6.85…
Read MoreSPH Media lays off 11 workers with decommissioning of old printing presses
[SINGAPORE] SPH Media will lay off 11 production workers, following the decommissioning of two of the company’s 30-year-old printing presses which have reached the end of their operational lifespan. SPH Media chief executive officer Chan Yeng Kit announced the job cuts in an e-mail sent to staff on Tuesday (Jul 22). He said the cuts…
Read MoreTemasek’s Azalea to issue Astrea 9 PE-backed bonds; interest rates to be decided
[SINGAPORE] Azalea Asset Management, an indirect subsidiary of Temasek Holdings, will be launching a new series of bonds backed by 40 private equity (PE) funds. The indicative total size of the new issuance, Astrea 9 Private Equity Bonds, is US$780 million. It is about 48 per cent of the underlying PE portfolio valued at…
Read MoreWhat we learned about the Nets — and their intriguing future — at summer league
With NBA Summer League having ended on Sunday, we will offer up the annual reminder that it’s foolish to make proclamations based on what happened in Las Vegas, either good or bad. But there are still things to be gleaned from the past two weeks involving the Nets, whether it regards the hopefuls who played…
Read MoreSTI ends Tuesday flat as regional indices close mixed
[SINGAPORE] The Straits Times Index (STI) closed flat on Tuesday (Jul 22) as regional indices showed mixed performances. The STI gained 0.03 per cent or 1.13 points to 4,208.26. Across the broader market, advancers outnumbered decliners 329 to 229 after 1.4 billion shares worth S$1.3 billion changed hands. The trio of local banks closed lower…
Read MoreUK inks investment deals on £38 billion Sizewell C nuclear plant
[LONDON] The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion (S$65.7 billion) project that will help advance the government’s energy and climate goals. The British government will retain a minority stake of around 45 per cent, while other investors include French state-owned Electricite de…
Read MoreThailand’s tourism slump and household debt weigh on its lenders
[BANGKOK] Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk dampening their outlook for the rest of the year. The banks are facing lacklustre earnings tied to lower net interest margins – the difference between interest income and paid interest – and muted loan growth…
Read MorePrince George celebrates 12th birthday as parents Kate Middleton, Prince William share sweet photo
Kate Middleton and Prince William have shared a new photo of their son Prince George to mark his 12th birthday Tuesday. “Happy 12th Birthday to Prince George! 🎂,” the Prince and Princess of Wales captioned the image that was shared on X and Instagram. In the snap, the young royal can be seen leaning on a wooden fence with his arms…
Read MoreOrgan donors’ lives endangered by rushed transplant procedures, investigation finds
As a new report claims that premature organ transplants have endangered donors, HHS Sec. Robert F. Kennedy Jr. has announced plans for a new initiative to reform the system. Several families have stated that surgeons attempted to initiate organ retrievals while patients were still alive or improving, as noted in a July 20 report from The New…
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