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May, 26, 2016

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Business > Company Focus
New Google goods, services take aim at its big rivals
From virtual reality (VR) to a new smart-home speaker, Google is showing off just how pervasive it has become even as it's squeezed by its biggest competitors -- Facebook, Apple and Amazon.
 
Oil and gas services companies Technip of France and the American FMC Technologies said Thursday they have agreed to merge, creating one of the world's top companies in a sector which has been battered by low oil prices.
 
Apple will set up an office in southern India to develop the Maps feature for its products, the company said Thursday in its second such announcement since CEO Tim Cook arrived in the country.
 
German pharmaceuticals giant Bayer and U.S. agricultural group Monsanto said Thursday they are in talks on a possible merger to create a global player in pesticides and seeds, after weeks of speculation about a possible tie-up.
 
Suzuki denies it cheated on fuel and emissions testing
Suzuki on Wednesday admitted to finding "discrepancies" in its fuel-economy and emissions testing, but the firm denied deliberately manipulating data to make cars seem more efficient.
 
FIH Mobile, a subsidiary of Hon Hai Precision Industry, will take over Microsoft's feature phone business for US$350 million, the U.S.-based company said on Wednesday, May 18.
 
Jack Ma, the head of Chinese e-commerce giant Alibaba, is withdrawing from an anti-counterfeiting convention in Florida just two days before he was scheduled to give the keynote speech.
 
Finnish telecom equipment maker Nokia said Wednesday it plans a global comeback into its former goldmine of handsets and tablets, by licensing its brand to a newly created Finnish company.
 
Chinese appliance giant Midea on Wednesday launched a takeover offer for German industrial robotics supplier Kuka and is seeking at least a 30 percent stake, according to a statement, the latest major overseas Chinese investment.
 
The share price of Asia Pacific Telecom Co. surged Wednesday on growth in 4G subscribers as well as news that the company will begin selling the "Pepper" robot in the second half of the year in Taiwan.
 
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