Insigniam Catalyzing Breakthrough Results

Hong Kong shares extended losses on Friday to fall to their lowest in almost a month as the property sector sagged over concerns that China’s economic recovery may be stalling.

The Hang Seng Index slipped 0.2 per cent to 22,618.7 points, the lowest level since April 29.

The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.2 percent. On the week, they were down 2 and 2.7 per cent, respectively.

After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs’ Lloyd Blankfein claimed success in putting the bank and his legacy as chief executive back on track.

Salesforce.com’s quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.

Under Marc Benioff, Salesforce’s chief executive and founder, the company’s fast revenue growth has made it a favourite with investors eager to own part of the growing trend among businesses to outsource their information technology needs - from servers to software, a phenomenon known as cloud computing.

Google is considering buying Israeli mobile satellite navigation start-up Waze, which may lead to a bidding war with Facebook, Bloomberg news reported, citing people familiar with the matter.

Waze is seeking more than US$1 billion and is fielding expressions of interest from multiple parties, Bloomberg cited a source as saying.

Maps and navigation services have become a key asset for technology companies as consumers increasingly adopt smartphones and other mobile devices.