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September, 29, 2016

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Business > Company Focus
Can Volkswagen leave its emissions scandal behind?
One year ago, Volkswagen's cheating on emissions tests for millions of its diesel cars erupted into public view, leaving the mammoth carmaker battling an unprecedented crisis.
 
Deutsche Bank shares plunge amid legal dispute
Shares in Deutsche Bank AG plunged Friday after the revelation that the U.S. Department of Justice is seeking US$14 billion to settle civil claims over its handing of residential mortgage-backed securities.
 
Despite fears over data security following the recent First Bank (第一銀行) ATM heist, the Financial Supervisory Commission (FSC, 金管會) said the implementation of interbank cardless cash withdrawal, set to launch by the end of the year, will go ahead as scheduled.
 
U.S. safety regulators announced a formal recall of Samsung's Galaxy Note 7 smartphone Thursday after a spate of fires led to injuries and property damage -- along with a global marketing headache for the South Korean tech giant.
 
Tokyo authorities have imposed a back tax of US$118 million on an Apple subsidiary over money transfers to Ireland, reports said Friday, as the IT giant's tax payments come under global scrutiny.
 
Samsung recall highlights challenges of stronger batteries
Samsung's recall of 2.5 million Galaxy Note 7 phones after several dozen caught fire and exploded may stem from a subtle manufacturing error, but it highlights the challenge electronics makers face in packing ever more battery power into ever thinner phones, while rushing for faster release dates.
 
Apple's iPhone 7 launches; sold-out models leave some disappointed
Apple's iPhone 7 launch generated trademark queues and brisk sales Friday that defied gloomy expectations, with some enthusiasts left empty-handed after lining up for hours as the company announced certain models had sold out.
 
Twitter set to launch NFL streaming app
A new Twitter app is coming to Xbox One, Apple TV and Amazon Fire TV, where viewers will be able to watch NFL games on Thursday nights.
 
KLM to stop Egypt flights from January
KLM says it will temporarily suspend flights to and from Cairo in January, citing "economic reasons."
 
Facebook has chosen a village on the edge of New Mexico's largest metropolitan area as the location for its new data center, an announcement that spread quickly Wednesday as elected officials celebrated a hard-sought win that could have ripple effects for the state's struggling economy.
 
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