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June, 29, 2016

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Business > Company Focus
Line Corp., the Japan-based operator of the namesake mobile messenger, will list its shares in New York and Tokyo next month, as the iconic Asian mobile messenger app seeks to expand globally.
 
Billionaire Warren Buffett has raised more than US$20 million for a San Francisco homeless charity since 2000, and he's about to add to that total by auctioning off a private lunch.
 
DuPont is opening its Association of Southeast Asian Nations headquarters in Singapore.
 
Drugmaker Merck is buying Afferent Pharmaceuticals, a privately held biotechnology company developing a chronic cough medication.
 
A Canadian mining company has reached an agreement with a Chinese firm that will bring US$700 million in financing for a possible open-pit molybdenum mine near Boise, Idaho.
 
Air New Zealand said Friday it will sell the bulk of its stake in Virgin Australia to Nanshan Group, making the Shandong-based conglomerate the airline's second Chinese investor in as many weeks.
 
Britain's biggest retailer, supermarket group Tesco, said Friday it was selling its Turkish business as its international arm focuses on its operations in Central Europe and Southeast Asia.
 
Gobo Group head held; CTBC's Koo bailed
The large-scale probe into CTBC Financial Holding Co. (中國信託), Gobo Group (國寶集團) and others initiated by the Supreme Prosecutors Office rages on as prosecutors took Gobo Group's president into custody on Thursday.
 
Danish utility and offshore wind farm operator Dong Energy made its stock exchange debut in Copenhagen Thursday in Europe's biggest initial public offering (IPO) this year so far.
 
Yahoo puts over 3,000 patents on auction block
Yahoo is hoping to auction off most of its technology patents as part of a purge that also could culminate in the sale of its internet operations.
 
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