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February, 22, 2017

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Business > Company Focus
Twitter shares plunged Thursday as the social network reported sluggish revenue and user growth, with its finances sputtering despite the global prominence given the platform by U.S. President Donald Trump's extensive use of it.
 
A judge refused the U.S. government's request to throw out a lawsuit from Microsoft that claims a federal law is unconstitutional because it prohibits technology companies from telling customers when the government demands their electronic data.
 
British consumer health giant Reckitt Benckiser, which makes Durex condoms and Nurofen painkillers, said Friday it has agreed to buy U.S. infant and child nutrition specialist Mead Johnson for US$16.6 billion.
 
French cosmetics giant L'Oreal said Thursday it is considering all options regarding The Body Shop unit as it looks to freshen its brand portfolio.
 
Intel CEO teams up with Trump to tout US chip-making factory
U.S. tech giant Intel unveiled plans Wednesday for a US$7 billion chip factory in Arizona, in an announcement at the White House with President Donald Trump.
 
VW rejects 'dieselgate' claims by ex-boss
Volkswagen Wednesday rejected allegations by former boss Ferdinand Piech who reportedly said the German car giant was aware of the "dieselgate" emissions cheating scam well before the scandal broke.
 
Volvo Cars posts strong earnings on the back of record sales data
Swedish carmaker Volvo Cars, owned by Chinese group Geely, said Wednesday it posted a healthy profit rise in 2016, boosted by record sales and stronger finances.
 
101 plus 123
Lotte World Adventure President Park Dong Ki, left, and Taipei 101 Chairman Chou Te-yu (周德宇) shake hands Thursday, Feb. 9 after signing a deal that will see Taiwan's tallest building cooperate with Seoul's 123-floor Lotte World Tower, the tallest building in South Korea. The two buildings will host a series of joint tourism activities starting in March.
 
HK firm in talks to purchase 'Our Times' maker
Hong Kong listed media holdings company HMV Digital China Group has announced that it has signed a letter of intent to purchase all shares of a Taiwan-based media firm.
 
Uber hopes for negotiations with government
Uber, which has succumbed to government pressure and decided to suspend its operations in Taiwan, is keen to negotiate with the government to find a solution that can keep its ride-sharing service running in the country, a company executive said Wednesday.
 
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