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Monday, November 17, 2014
Weibo reports user, revenue growth
Leading Chinese social media platform, Sina Weibo, posted a higher-than-expected financial report on Friday, saying its net revenues increased 58 percent year-on-year to US$84.1 million in the third quarter.
UBS eyes canceling millions in bonuses for forex traders
Banking giant UBS, one of six banks fined this week for attempting to manipulate foreign exchange markets, confirmed Saturday it was considering taking back bonuses from traders over the scandal.
Sunday, November 16, 2014
The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc.
Virgin America made a successful takeoff in its public trading debut Friday.
The death of a pregnant Malaysian woman in a car crash involving a faulty air bag has led to another U.S. recall, as the auto industry struggles with a widening problem across the globe.
Oilfield-services company Baker Hughes Inc. said Friday that rival Halliburton Co. plans to nominate candidates to replace the entire board of directors of Baker Hughes after negotiations about a possible acquisition stalled.
Saturday, November 15, 2014
Ex-consumer rights activist to chair Wei Chuan
Former Consumers' Foundation chairman Jason Lee (李鳳翱) will serve as the new president of Wei Chuan Foods Corporation (味全食品), the company's board confirmed yesterday.
New Taipei City police and prosecutors detained Yung Chang Gypsum Chemical Co.'s (永昌化工) managing director, surnamed Chou (周), whose company allegedly sold industrial grade gypsum powder to Lu-Chia Foods Co. (盧佳豆花), in New Taipei yesterday.
Taichung City Consumer Protection Committee (CPC) official Kang Hsin-jen (康馨壬) yesterday said that the CPC will assist consumers in pressing charges against IKEA's (宜家家居) Taichung branch, in order to claim compensation for the harm done to their health after consuming the company's ice cream made with expired raw ingredients.
Warren Buffett's Berkshire Hathaway is buying the Duracell battery business from Procter & Gamble Co. in a deal valued at approximately US$3 billion.
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