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July, 28, 2016

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Business > Company Focus
State-owned French energy giant EDF said Tuesday it had taken a controlling stake in Hong Kong-based Chinese firm UPC Asia Wind Management (AWM), adding to a range of activities in China.
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Spain's heavily indebted Telefonica said Sunday it had sold a 1.51-percent stake in China Unicom, China's second-biggest telecommunications provider, for 322 million euros (US$356 million).
 
Tesla Motors CEO Elon Musk, under pressure after a fatal crash involving one of his electric cars, went on Twitter Sunday to say he's working on another "Top Secret Tesla Masterplan." He said he hoped to publish details this week.
 
Israeli and American families of victims of Palestinian attacks filed a US$1 billion lawsuit against Facebook, claiming the social network is providing a platform for militants to spread incitement and violence, their lawyers said Monday.
 
Swiss construction giant LafargeHolcim, the world's largest cement maker, said Monday it had agreed to sell its Indian operation to Indian cosmetics and detergents manufacturer Nirma for US$1.4 billion.
 
With the prospect of growing orders from Apple in July, the share price of smartphone camera lens supplier Largan Precision Co. (大立光) shot up 4 percent, or NT$115, to NT$2,990 on Monday.
 
Players hunting Pokemon feel real-world pain
Beware: "Pokemon Go," a new smartphone game based on cute Nintendo characters like Squirtle and Pikachu, can be harmful to your health. The "augmented reality" game...
 
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip-maker, has been ranked 48th globally in terms of market capitalization, according to accounting firm PricewaterhouseCoopers (PwC) Taiwan.
 
Belgrade demolitions up fears of waterfront plans
For 26 years, Vladimir Markovic ran his family transportation business in the heart of Belgrade's Savamala district. Then, two months ago, it was demolished without warning overnight.
 
The CEO of coal giant Murray Energy said Thursday that company officials are doing their best to avoid the layoffs that 4,400 workers in six states were warned about in precautionary notices last month.
 
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