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April 27, 2017

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Business > Company Focus
Consumer products giant Unilever says it plans to sell its spreads division and combine its foods and refreshments units as part of a major review of operations prompted by a US$143 billion takeover bid by rival Kraft Heinz that fell through in February.
 
Warren Buffet becomes face of Coke in China
The likeness of billionaire Warren Buffett is gracing Cherry Coke cans in China, where the company's largest investor enjoys a legendary reputation.
 
Tesla on the rise as Wall Street snubs Detroit
Tesla Motors has moved to within striking distance of becoming the largest U.S. automaker by market capitalization, a testament to Wall Street's growing ardor for Silicon Valley at Detroit's expense.
 
World's largest contract electronics maker Hon Hai Precision Industry (鴻海) saw its biggest trading day in nearly five years on Wednesday, with 170,000 shares changing hands and share price climbing 8 percent after the company posted strong profit gain in the fourth quarter of last year, defying expectations of a decline.
 
Taiwan-based chipmaker United Microelectronics Corp. (UMC, 聯電) confirmed on Wednesday knowledge of staff having received legal notices, as media reports alleged legal actions were taken against over a hundred Taiwanese engineers to prevent key technology and business secrets from leaking to mainland Chinese rivals.
 
Latest electric offering
The Thunder Power Sedan, photographed here on Wednesday, April 5, is set to hit the market in the third quarter of next year. The electric vehicle is currently undergoing preliminary road tests, according to Taiwan-based Thunder Power, and once it has officially launched, the car will sell for a recommended price of NT$1.999 million.
 
ExxonMobil and partner Qatar Petroleum have signed a deal with Cyprus to carry out exploratory drilling off the east Mediterranean island's southern coast.
 
Nearly a year after Formosa Plastics Group was found severely polluting the waters along a 200-kilometer coastal stretch in central Vietnam, the Vietnamese government is reportedly considering letting the Taiwanese plastics company resume operations in the country.
 
Boeing Co. said on Tuesday it has signed a new, US$3 billion deal with Iran's Aseman Airlines to supply 30 737 MAX aircraft to the carrier, the first major sale by a U.S. company to the Islamic Republic under new President Donald Trump.
 
Mini managers of the day
The mini store managers of Carrefour restock milk cartons in this photograph taken on Tuesday, Apr. 4. Carrefour celebrated Children's Day by hosting its annual mini store manager event in all 97 of its stores countrywide. What sets this year's event apart from the previous two years' is that of the 1,800 registered children, there were 500 sets of twins.
 
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