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Thursday, February 4, 2016
Yahoo cuts 1,700 workers in company shake-up
Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job.
Innolux Corp. (群創), one of Taiwan's leading flat panel makers, said that it suffered losses in the fourth quarter of last year in reflection of falling product prices, but was still profitable for the entirety of 2015.
Strong earnings in North America and China and a reversal of fortunes in Europe powered General Motors to a record net profit of USUS$9.7 billion last year.
A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for US$43 billion in what would be the biggest-ever foreign acquisition by a mainland Chinese company.
Dow Chemical on Tuesday reported a surge in its fourth-quarter profit on gains from the sale of its chlorine operations and lower costs from sinking oil prices. Its shares rose more than 5 percent in afternoon trading.
Californians want Cuba to start drinking wine
The 3.5 million tourists who flooded Cuba last year downed oceans of mojitos, lakes of daiquiris and rivers of thin, sour beer. Only an odd few accompanied their ropa vieja and croquetas with wine -- mostly overpriced, low- to mid-grade vintages from Chile, Argentina and Spain.
Gilead Sciences Inc. posted a 34 percent increase in fourth-quarter profit, trouncing Wall Street expectations, as sales of its blockbuster hepatitis C drugs soared in Japan and offset lower sales in the U.S.
The big plunge in crude prices is taking a toll on Big Oil.
Wednesday, February 3, 2016
The Eslite Corp. said Tuesday that its Dunnan store will continue business as usual, amid reports that the bookstore will close because the building in which it is housed will be remodeled into a five-star hotel.
World's most valuable firm: Alphabet before Apple
Alphabet now comes before Apple atop the list of the world's most valuable companies.
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