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May, 3, 2016

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General Electric reported a modest first-quarter loss Friday as costs rose and industrial profits dipped, in part due to a big drop in its oil and gas segment.
 
Terry Gou named best-performing CEO in Taiwan
Terry Gou (郭台銘), chairman of Hon Hai Precision Industry Co. (鴻海), topped Harvard Business Review's (HBR) list of the 50 best-performing chief executive officers (CEOs) in Taiwan.
 
Citi unveils new mobile app for customer convenience
Citibank Taiwan has initiated a new project aimed at "Transforming Finance and Creative Technology." Citi hopes the project will help customers get their banking tasks done quickly and easily, allowing them to conveniently complete many common banking tasks directly from an app on their mobile phones.
 
Nestle FITNESSE to host their VOGUE Picnic Day
Nestle FITNESSE will join forces with VOGUE Pacific Day in hosting a picnic event on April 23 that will introduce the company's menu of suggested picnic food items and fitness tips, according to a press release from the company yesterday.
 
The founder of China's internet giant Tencent will donate US$2 billion in shares to charity, the company said -- one of the largest gifts ever given in a country whose new super-rich have no tradition of philanthropy.
 
Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about US$2.5 billion off the automaker's market value in response to its shock admission that it cheated on fuel-efficiency tests.
 
American Express's first-quarter profits declined 8 percent from a year earlier, as the company continues to spend heavily to retain customers being lured away by aggressive competitors.
 
Embattled German carmaker Volkswagen will offer US$5,000 to each U.S. buyer of its diesel cars which were installed with emissions-cheating software in a bid to avoid a major court case, Die Welt newspaper reported in its Thursday edition.
 
Google announced Wednesday an expansion of its program which delivers sped-up versions of news stories to smartphones and other devices.
 
Hundreds of coffee lovers lined early Thursday in an upmarket Johannesburg shopping center as international chain Starbucks opened its first cafe in sub-Saharan Africa.
 
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