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May, 7, 2016

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Business > Company Focus
Gucci warns HK shops selling paper replica offerings not to resemble brand
Luxury fashion brand Gucci has warned Hong Kong shops selling paper handbags and other goods as offerings for the dead not to market items resembling their products.
 
China Eastern Airlines to buy 35 planes from Airbus and Boeing
One of China's top airlines will split US$10 billion of new orders between European manufacturer Airbus and U.S.-based Boeing, it said, as competition heats up for aviation market share in the world's second-largest economy.
 
Comcast buying DreamWorks for US$3.55 bil.
Comcast is buying DreamWorks Animation, the film company behind the "Shrek," "Madagascar" and "Kung Fu Panda" franchises, for approximately US$3.55 billion, strengthening its presence in the important and growing business of children's entertainment.
 
U.S. energy giant ExxonMobil reported Friday that first-quarter earnings dived 63 percent to US$1.8 billion due to plunging oil prices.
 
U.S. biotech company Medivation rejected an unsolicited US$9.3 billion bid from French pharmaceuticals giant Sanofi Friday, saying the offer "substantially undervalues" the company.
 
Fiat Chrysler and Google's self-driving car project are in advanced talks to form a technical partnership. The talks were confirmed Thursday by a person familiar with the discussions. The person asked not to be named because the discussions are private.
 
Chinese search engine giant Baidu is planning to produce driverless cars by 2020, its chief executive said, as the company reported revenue climbed sharply in the first quarter.
 
German sportswear and equipment maker Puma said Friday business increased in the first quarter and that it is expecting a boost from major sporting events such as Euro 2016 and the Brazil Olympics.
 
Yahoo reshuffles board in truce with shareholder
Yahoo has reached a truce with an activist investor threatening to oust CEO Marissa Mayer and the rest of its board, removing a major distraction as the company evaluates bids to buy its internet operations.
 
CTBC pledges NT$113 million to aid the disadvantaged
The CTBC Charity Foundation (中信慈善基金會) Thursday showed its commitment to looking after disadvantaged children by pledging NT$113 million plus in financial support to elementary schools in rural Taiwan.
 
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