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July, 31, 2016

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Business > Company Focus
Yahoo has agreed to sell its core business to telecom giant Verizon for US$4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday.
 
Airbnb sues hometown over rental regulation
San Francisco wants people who rent out their homes through Airbnb and other online platforms to follow some rules, and it wants the platforms to advertise only those rule-abiding listings -- or face steep fines.
 
Electronics giant Philips posted a 57 percent jump in second quarter net profit Monday on the back of a major arbitration award, as it warned of volatile markets ahead for the rest of the year.
 
Uniqlo to widen reach in Thailand with online store
UNIQLO, Japan's global fashion label, will open an online store for the Thai market this Friday, in a move that will complement its physical stores by offering unlimited items, nationwide coverage and around-the-clock access to consumers.
 
Dutch retail giant Ahold and Belgian rival Delhaize on Saturday said they had finalized their mega-merger after U.S. regulatory authorities gave the union the green light.
 
Six thousand people opted for public transportation last Friday for the "ASE 722 Carfree Day" organized by Advanced Semiconductor Engineering Inc.'s (ASE, 日月光) Kaohsiung plant.
 
Visa earnings fall on costs tied to Visa Europe
Credit and debit card processor Visa Inc. said its fiscal third-quarter earnings fell 76 percent from a year ago, largely due to the cost of completing its purchase of its operations in Europe.
 
AB InBev says it has US approval for SABMiller merger
Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department that clears the way for U.S. approval of its acquisition of SABMiller.
 
Electric car maker Tesla Motors is working on multiple new vehicles, including heavy trucks and buses that could be unveiled as early as next year.
 
American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards.
 
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