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Friday, December 19, 2014
FedEx misses Street forecasts, profit jumps 23%
FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices.
France's highest court on Wednesday rejected an appeal by Swiss banking giant UBS, ordering it to pay a 1.1-billion-euro (US$1.3 billion) security deposit as part of a probe into allegations it helped rich French clients hide money in Switzerland.
Thursday, December 18, 2014
A federal jury decided Tuesday that Apple didn't compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devices and music from competing online stores.
Chinese search engine Baidu, the country's equivalent of Google, announced Wednesday it has bought a stake in Uber for an undisclosed sum, as the controversial U.S. web-based taxi app seeks to expand into an already crowded market.
Ikea ruffles a few feathers with first Korean store
Global furniture giant Ikea opens its first store in South Korea on Thursday, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
Royal Philips NV said Wednesday it has agreed to acquire U.S. medical equipment maker Volcano Corp. for US$1.2 billion (around 1 billion euros) in a deal that would beef up its presence in technology which allows doctors to see inside patients' hearts and veins during treatment.
Shares in Woodside Petroleum jumped on Wednesday following the Australian energy producer's decision to pay US$2.75 billion to acquire stakes in liquefied natural gas projects from U.S. firm Apache.
Wednesday, December 17, 2014
Chunghwa Telecom Co. (中華電), the largest integrated telecommunication service provider in Taiwan, suggested Tuesday the two sides across Taiwan Strait work together to develop a global standard for the Internet of Things (IoT, 物聯網) — the connection between not just computers but also smart devices like thermostats.
The Financial Supervisory Commission (FSC, 金管會) has fined the Taipei branch of British multinational banking and financial service company Barclays NT$12 million for aiding the activities of corporate officers who are not licensed to sell overseas financial products in Taiwan.
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chip maker, said Tuesday it has plans to produce a small volume of mobile chips in China made on its mature 28-nanometer manufacturing technology.
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