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February, 25, 2017

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Business > Company Focus
Unlimited 4G on chopping block
Following reports that Chunghwa Telecom and Taiwan Mobile could be canceling their 4G unlimited carrier plans, the Fair Trade Commission stated that these telecommunications could face up to NT$50 million in fines if they find that the two are colluding in their plans to end the carrier plans.
 
Mining giant Glencore said Monday it had struck a deal worth nearly US$1 billion to purchase shares of two mines in the Democratic Republic of Congo from a controversial Israeli magnate.
 
DuPont and Chemours will pay nearly US$671 million to settle thousands of lawsuits related to the release of a chemical from a plant in West Virginia more than a decade ago.
 
Verizon, in a major reversal, has joined other carriers in offering an unlimited data plan.
 
Drug giant Allergan announced Monday the US$2.5 billion acquisition of Zeltiq Aesthetics, makers of a fast-growing technology to eliminate body fat through "CoolSculpting," which essentially freezes unwanted fat away.
 
FAT deal for Nordic ATR fleet
Far Eastern Air Transport (FAT) signed a Letter of Intent (LOI) with Nordic Aviation Capital (NAC) for the lease contract. FAT will rent four ATR72-600s and that the aircrafts are scheduled for delivery in 2017.
 
6-incher
China's largest smartphone vendor OPPO debuts its 6-inch R9Plus series at a presentation in Taipei on Monday, Fe. 13.
 
Peugeot to re-enter India with US$12 mil. deal
India's Hindustan Motors has sold its Ambassador car to France's Peugeot for just US$12 million, capping a spectacular downfall for a vehicle once emblematic of the country's political class.
 
Ford to invest US$1 bil. to go autonomous
Ford Motor is spending US$1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021.
 
Tim Cook says fake news is 'killing minds'
Apple chief executive Tim Cook says fake news is "killing minds," and governments and tech firms must act to stop it.
 
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