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July, 28, 2016

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Business > Company Focus
Tesla does not plan to disable the Autopilot self-driving function in its cars despite accidents possibly linked to it, founder Elon Musk told The Wall Street Journal on Tuesday.
 
Google said Wednesday its efforts to fight online piracy have yielded US$2 billion paid out to copyright holders whose content is shown on its YouTube platform.
 
South African general retail group Steinhoff International has agreed a takeover of British discounter Poundland for around £597 million (US$791 million), the pair announced Wednesday.
 
Shares in Taiwan opened high Wednesday on the strength of the U.S. stock market, but lost momentum until near the end of the trading session when the bourse rebounded to close 0.18 percent higher.
 
Kim Dotcom plans to revive Megaupload
Internet mogul Kim Dotcom has announced plans to relaunch his Megaupload empire in 2017, exactly five years after U.S. authorities shut it down over allegations of massive copyright piracy.
 
Starbucks to raise base pay of US workers in Oct.
Starbucks is boosting the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more.
 
After defying industry trends in recent years, Apple is feeling the slowdown in global purchases of laptop and desktop computers.
 
The U.S. attorney general quashed staff proposals to prosecute banking giant HSBC over money laundering in 2012 because of worries about the global financial system, a congressional report said Monday.
 
U.S. aluminum and metals giant Alcoa, in the process of splitting into two companies, reported second-quarter earnings Monday that topped market forecasts, sending shares sharply higher.
 
European planemaker Airbus and U.S. rival Boeing went head to head at the Farnborough air show, which opened Monday facing Brexit headwinds and shut early due to heavy rain.
 
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