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July, 28, 2016

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Business > Company Focus
Tesla opens Gigafactory to boost battery production
It's Tesla Motors' biggest bet yet: a massive, US$5 billion factory in the Nevada desert that could nearly double the world's production of lithium-ion batteries.
 
As iPhone sales sag, Apple touts services, mobile apps instead
You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months. And for good reason: They're just about the only part of Apple's business that's growing right now.
 
Malaysia Airlines to buy 50 Boeing jets for US$5.5 billion
Struggling Malaysia Airlines on Wednesday announced plans to purchase 50 Boeing aircraft for US$5.5 billion as it continues efforts to recover from devastating twin disasters in 2014.
 
Drugmaker GlaxoSmithKline on Wednesday revealed plans to invest £275 million into three of its British manufacturing sites, shrugging off Brexit worries.
 
Twitter is in danger of becoming the next internet company forced into a desperation sale if it cannot find a way to start luring people and advertisers back to its sometimes-befuddling messaging service.
 
German sporting goods company Puma reported a return to profit in the second quarter as its high visibility during the Euro 2016 soccer tournament lent it a sales tailwind.
 
A major rating agency on Tuesday downgraded Kansas' credit rating for the second time in two years because of the state's budget problems.
 
Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years.
 
Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen (US$30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from the same period a year ago, after a mileage testing scandal at its supplier hit its minicar sales in Japan.
 
Shares in Taiwan closed higher Wednesday as foreign institutional investors continued to buy ahead of Thursday when Morgan Stanley Capital International (MSCI) Taiwan Index is scheduled to calculate its monthly returns, dealers said.
 
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