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September, 29, 2016

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Business > Company Focus
Pipeline operator Enbridge to buy Spectra Energy for US$28 bil.
Canada's Enbridge is buying Houston-based Spectra Energy for about US$28 billion, creating North America's largest energy infrastructure company.
 
The New York attorney general's office is investigating whether Mylan Pharmaceuticals unfairly limited competition for its emergency allergy treatment EpiPen, which has been criticized for steep price increases.
 
Apple expected to polish lineup with new iPhone
Apple on Wednesday is expected to introduce a new iPhone and perhaps a second-generation smartwatch as it polishes its lineup of devices to shine during the year-end shopping season.
 
Hanjin to spend US$90 million in bid to navigate troubled shipping waters
South Korea's Hanjin Group said Tuesday it would provide its shipping firm with 100 billion won (US$90.4 million) to help ease huge disruptions to global sea freight after the unit filed for bankruptcy.
 
Lego profits less awesome as staff build-up weighs heavy
Danish toy-maker Lego on Tuesday reported slower sales growth and falling profits in the first half as it hired more staff and sales stalled in the Americas.
 
General Motors Co. has settled two federal court cases related to its defective ignition switches, but its legal troubles stemming from the switches are far from over.
 
The German pharmaceutical and chemicals group Bayer on Monday said it would sweeten its offer for U.S. rival Monsanto.
 
Fubon Financial expected to take over EDA Rhinos
Fubon Financial Holdings (富邦金控) is expected to become the new owner of the EDA Rhinos, with the deal for the Chinese Professional Baseball League (CPBL, 中華職棒) side likely to be sealed within weeks.
 
CPC Corp., Taiwan (中油), the state-owned oil supplier, has handed over half of its oil exploration project in Chad to China CEFC Energy Co. in a bid to reduce possible risks associated with the project and lower the Taiwanese firm's financial burden.
 
Fubon Financial Holdings will become the new owner of the EDA Rhinos, reports said Monday, with the deal for the Chinese Professional Baseball League (CPBL, 中華職棒) team expected to be sealed within two weeks.
 
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