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July, 23, 2016

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Business > Company Focus
Kim Dotcom plans to revive Megaupload
Internet mogul Kim Dotcom has announced plans to relaunch his Megaupload empire in 2017, exactly five years after U.S. authorities shut it down over allegations of massive copyright piracy.
 
Starbucks to raise base pay of US workers in Oct.
Starbucks is boosting the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more.
 
After defying industry trends in recent years, Apple is feeling the slowdown in global purchases of laptop and desktop computers.
 
The U.S. attorney general quashed staff proposals to prosecute banking giant HSBC over money laundering in 2012 because of worries about the global financial system, a congressional report said Monday.
 
U.S. aluminum and metals giant Alcoa, in the process of splitting into two companies, reported second-quarter earnings Monday that topped market forecasts, sending shares sharply higher.
 
European planemaker Airbus and U.S. rival Boeing went head to head at the Farnborough air show, which opened Monday facing Brexit headwinds and shut early due to heavy rain.
 
State-owned French energy giant EDF said Tuesday it had taken a controlling stake in Hong Kong-based Chinese firm UPC Asia Wind Management (AWM), adding to a range of activities in China.
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Spain's heavily indebted Telefonica said Sunday it had sold a 1.51-percent stake in China Unicom, China's second-biggest telecommunications provider, for 322 million euros (US$356 million).
 
Tesla Motors CEO Elon Musk, under pressure after a fatal crash involving one of his electric cars, went on Twitter Sunday to say he's working on another "Top Secret Tesla Masterplan." He said he hoped to publish details this week.
 
Israeli and American families of victims of Palestinian attacks filed a US$1 billion lawsuit against Facebook, claiming the social network is providing a platform for militants to spread incitement and violence, their lawyers said Monday.
 
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