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February, 20, 2017

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Business > Company Focus
Amazon gets serious with delivery ambitions
Amazon isn't content just being the "everything store." Increasingly, it looks like it wants to be its own deliveryman, too.
 
Amazon reported on Thursday that profit leapt during the year-end holiday shopping season, but the tech giant saw shares sink as revenue fell shy of high expectations.
 
Uber Taiwan lashed out at the Ministry of Transportation and Communications (MOTC) on Friday after the MOTC dismissed any possibility of the ride-hailing business operating freely in cities.
 
The company behind Snapchat, a teen-oriented social network famous for its quickly disappearing messages, has filed for what could be one of the largest tech IPOs in years.
 
South Korea's Samsung Electronics said Friday it's considering building a factory to make household appliances in the United States as various industries brace for potential protectionist trade policies under the administration of President Donald Trump.
 
Australia's Tigerair said on Friday it has permanently ended all flights to the popular resort island of Bali after Indonesian authorities required "an alternative regulatory solution" for its operations.
 
Oculus loses US$500 mil. IP theft case
Facebook's virtual-reality subsidiary and two of its founders are facing a sobering reality after a jury hit them with a US$500 million bill for violating the intellectual property rights of video-game maker ZeniMax Media.
 
Facebook vows aggressive investment
Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after a vow to spend heavily on the future.
 
Mercedes-Benz luxury sales fuel Daimler profits
German automaker Daimler AG says fourth-quarter net profit rose 18 percent as the company's flagship Mercedes-Benz brand reaped fat returns on new SUV models.
 
Shell net profit more than doubles in 2016
Royal Dutch Shell on Thursday said profit after tax more than doubled in 2016, helped by a recovery for oil prices in the fourth quarter.
 
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