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September, 27, 2016

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Business > Company Focus
Japan's Renesas Electronics will buy smaller U.S. chip-maker Intersil for US$3.2 billion, the companies said Tuesday, as part of a push into the lucrative auto market.
 
South Korea's Hanjin Shipping says it has received US$44.6 million from its current and former chiefs to relieve its global cargo crisis.
 
Samsung shares plunged Monday after the South Korean electronics giant urged global consumers to stop using its Galaxy Note 7 smartphone due to a spate of exploding batteries that raised alarm around the world.
 
Google and French pharmaceutical giant Sanofi announced Monday a new joint venture focused on diabetes care.
 
Shares of Largan Precision Co. (大立光) took a beating in the morning session Monday, extending losses from Saturday, after an Asian brokerage lowered a target price on the stock and urged investors to cut their holdings in the Taiwanese smartphone camera lens supplier, dealers said.
 
Judge tells self-titled 'Post-it inventor' to stick it
A federal judge has dismissed a lawsuit against the 3M Co. by a man who claims he invented Post-it notes.
 
A Hanjin container ship that was stranded off the California coast for more than a week began unloading Saturday after a judge protected the global shipping giant from having its assets seized in the U.S. as it struggles to avoid bankruptcy.
 
Facebook on Friday reversed its decision to remove postings of an iconic 1972 image of a naked, screaming girl running from a napalm attack in Vietnam, after a Norwegian revolt against the tech giant.
 
Ford Motor Co. is buying an app-based shuttle service and partnering with a bike-share company as part of its ongoing effort to expand its traditional business.
 
Amazon cuts price of new tablet
Amazon wants to be under the Christmas tree this year. It's cut the price of its new Fire tablet almost in half and added its popular voice assistant, Alexa, in hopes of making it a hot holiday item, despite a slump in overall tablet sales.
 
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