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Saturday, October 11, 2014
Hon Hai Precision Industry Co. (鴻海精密), the world's largest contract electronics maker, posted a monthly sales increase of more than 50 percent for September, which market analysts attributed to an explosive growth in orders from Apple Inc.
Lego caves in to Greenpeace, axes Shell deal
The world's largest toymaker Lego caved in to pressure Thursday from a hugely successful Greenpeace campaign targeting a deal with oil giant Shell and linking the iconic plastic bricks to catastrophic Arctic oil spills.
British bank Barclays agreed to pay US$20 million to settle a class-action suit from investors who lost money in the Libor interest rate-rigging conspiracy, according to a U.S. court filing.
Microsoft CEO Satya Nadella apologized Thursday night and said he was wrong for saying that women don't need to ask for a raise and should just trust the system to pay them well.
The federal government said Thursday that it reached a US$5 million settlement with Wells Fargo to resolve allegations it discriminated against pregnant women, new mothers and women on maternity leave.
Friday, October 10, 2014
The U.S. Apple and Google brands which have become household names around the globe are worth more than US$100 billion each, and top a ranking of the world's biggest brands, consultancy Interbrand said on Thursday.
Shares of Taiwan-based Advanced Semiconductor Engineering Inc. (ASE, 日月光), the world's largest integrated circuit packaging and testing services provider, moved higher Thursday morning after the company reported a record high in sales for the third quarter, dealers said.
JC Penney says Sept. sales softer than expected
Shares of J.C. Penney Co. fell nearly 11 percent after the department store operator warned that its sales last month were weaker than expected and it cut its outlook for a key sales measure for the current quarter.
Gap said late Wednesday that Glenn Murphy will resign as its chairman and chief executive on Feb. 1, and the retailer will promote its digital leader Art Peck to CEO.
Aluminum producer Alcoa Wednesday reported a big increase in third-quarter earnings on higher aluminum prices as it cited stronger demand in some industrial segments.
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