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August, 31, 2016

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Business > Company Focus
Pokemon merchandise sales more than triple since release
Hit mobile game Pokemon Go has rocketed to the top of app downloads on both Google Play and iOS, while sales of Pokemon merchandise more than tripled in the first two days of the game's release.
 
The fractious relationship between Uber Taiwan and taxi drivers worsened on Tuesday, as the Economics Ministry said its disinvestment order for Uber would only take effect if the company refused to abide by local regulations.
 
Wal-Mart is buying fast-growing online retailer Jet.com for US$3 billion in cash plus US$300 million in stock, scooping up a newcomer that launched a year ago with the intention of challenging online leader Amazon.
 
Taiwan-based smartphone brand HTC Corp. (宏達電) has extended its global reach in virtual reality development by launching the HTC Vive, the company's first VR headset, in the Saudi Arabian market, according to tech website Telecompaper.
 
TransAsia Airways on Tuesday confirmed that low-fare subsidiary V Air will be integrated into its parent company, as local budget airlines struggle to turn a profit in an increasingly competitive market.
 
Barclays Bank has agreed to pay US$100 million to 43 states and the District of Columbia to settle allegations it improperly set key interest rates almost a decade ago, affecting payments on investments.
 
News Corp posts quarterly profit as digital revenues offset print ad decline
News Corp has said that it turned a quarterly profit with help from digital efforts that made up for declines in newspaper advertising at Rupert Murdoch's media giant.
 
Profits at Austrian steelmaker Voestalpine, which has been focusing on the high-end market to escape sector weakness, tanked as an energy sector downturn took its toll, the group said Tuesday.
 
Apple on Monday confirmed that it has bought U.S. machine-learning startup Turi as Silicon Valley giants focus on a future rich with artificial intelligence.
 
U.S. business software colossus Oracle on Monday confirmed that hackers infected software in Micros credit card scanners used at hotels and restaurants around the world.
 
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