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December, 8, 2016

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Business > Company Focus
NBCUniversal doubles BuzzFeed investment
NBCUniversal on Monday announced it is doubling its investment in BuzzFeed, pumping another US$200 million into the internet media company.
 
French auto parts maker Valeo said Tuesday it planned to bid for majority control of Japanese car lighting specialist Ichikoh to gain a manufacturing foothold in Asia.
 
Uber launched its on-demand car ride services in the perennially jammed Bangladeshi capital Dhaka on Tuesday, saying it would help reduce congestion in one of the world's largest metropolises.
 
The German pilots' union called a new strike on Wednesday against airline Lufthansa over a long-smoldering pay dispute, while its subsidiary Eurowings will be hit by a ground crew strike on Tuesday.
 
Taiwan-based smartphone vendor HTC Corp. launched three new smartphone models, including the 10 Evo which uses a USB Type-C for headphones instead of a headphone jack, in an effort to boost sales in Taiwan, the company announced Tuesday.
 
Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit.
 
Swiss-based pharmaceuticals giant Novartis said Monday it was acquiring Selexys Pharmaceuticals Corp., a U.S. research lab in blood and inflammatory disorders, in a deal costing up to US$665 million (627 million euros).
 
Facebook fixing fake news problem: CEO
Facebook CEO Mark Zuckerberg urged world leaders meeting in Peru on Saturday to help get more people online to improve global living standards while separately announcing new measures to cut down on fake news stories on the social network that some suggest could have helped sway the U.S. presidential election.
 
Terry Gou (郭台銘), chairman of Taiwan-based Hon Hai Precision Industry Co. (鴻海), urged the United States not to adopt protectionist policies when the Republican Party's Donald Trump takes office in January, during an interview with China Central Television (CCTV).
 
Abercrombie off the mark in 3Q as turnaround efforts sputter
Abercrombie & Fitch's plan to turn around its once-popular teen clothing brand failed to bring back shoppers to its stores.
 
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