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September, 1, 2016

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Mega Financial Holding Co.'s (兆豐金控) embattled chairman Shiu Kuang-si (徐光曦) announced his resignation Wednesday amid mounting pressure over his role in a money-laundering scandal.
 
Silicon Valley tech titan Apple will fight an EU demand for a record 13 billion euros in back taxes in Ireland, a move Washington warned could damage transatlantic economic ties.
 
A judge has dismissed the key claims in a lawsuit alleging that headphone maker Beats Electronics duped one of its early partners before negotiating its US$3 billion sale to Apple two years ago.
 
XPEC Entertainment Inc. will launch a management buyout (MBO) to compensate shareholders whose interests have been hurt by Bai Chi Gan Tou Digital Entertainment Co.'s decision to drop a plan to acquire a major stake in the company, the chairman of the Taiwan-based game developer said Wednesday.
 
Google is preparing to expand a San Francisco carpooling program in a move that could that could set up a showdown with its one-time ally, the popular ride-hailing service Uber and rival Lyft.
 
Vietnamese budget carrier VietJet Air said it will greatly expand its flight capacity between Taiwan and Vietnam, becoming the carrier that serves the most destinations between the two sides.
 
Apple hit by record 13 bil. euro tax bill
The European Union on Tuesday ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the U.S. tech giant to pay almost no tax were illegal.
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Taipei-based game developer XPEC Entertainment Inc. (樂陞科技) is considering taking legal action against Japan-controlled Bai Chi Gan Tou Digital Entertainment Co (百尺竿頭數位娛樂), after the latter made a last-minute announcement to withdraw from an agreement to purchase a controlling stake.
 
About 210,000 owners of Volkswagens with 2-liter diesel engines that cheat on emissions tests have registered to settle with the company under the terms of a June court agreement.
 
Foot Locker looking to play up the store experience
Start with the shoes but move on from there. That's the plan at Foot Locker Inc., long known for its sneakers, which is reorganizing its stores to further highlight top brands, designating areas to showcase trends, and adding more displays of full sports gear to encourage broader shopping.
 
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