Wednesday, August 13, 2014
Google is partnering with five Asian telecom firms to build a US$300 million underwater cable across the Pacific Ocean in a bid to meet surging Internet use.
Shares of Hiwin (上銀) Technologies Corp. came under heavy pressure Tuesday morning after the Taiwanese machine tool maker on Monday reported an almost 40 percent sequential decline in net profit in the second quarter, dealers said.
Hotai Motor Co. (和泰汽車), the local sales agent for Toyota, said Tuesday that it posted a more-than 25-percent sequential increase in earnings for the first half of this year, helping it to retain the title as the most profitable car distributor in Taiwan.
Shares of LCY Chemical Corp. (李長榮化工) showed signs of stabilizing Tuesday after plunging for seven straight sessions because of the company's potential liability for the deadly gas explosions that staggered Kaohsiung late last month, dealers said.
The social news group BuzzFeed unveiled a major new expansion plan, using a fresh infusion of US$50 million in venture capital.
Chiquita Brands has received a buyout offer worth about US$611 million from investment firm Safra Group and the Brazilian agribusiness and juice company Cutrale Group.
Barneys has agreed to pay US$525,000 to resolve allegations that minorities were singled out as suspected shoplifters at its flagship store, part of a spate of racial profiling complaints against major retailers last year.
Intel on Monday unveiled a new line of microprocessors aimed at powering thinner and cooler personal computers and other devices.
Tuesday, August 12, 2014
Land Bank of Taiwan (土地銀行) may launch an initial public offering to raise NT$2 billion as early as 2016.
Tata Motors' net profit more than tripled in the first quarter, the Indian giant said Monday, as sales soared at its British luxury marque Jaguar Land Rover.