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October, 27, 2016

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Swaps or cash: Final choice for Samsung Galaxy Note 7 owners
South Koreans returned their discontinued Samsung Note 7 smartphones Thursday, with the beleaguered electronics giant offering swap incentives in the hope of retaining customer loyalty after a damaging recall fiasco.
Wells Fargo CEO out as bank grapples with sales scandal
Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices.
Google and Facebook on Wednesday announced plans to work with a China Soft Power Holdings subsidiary to connect Los Angeles and Hong Kong with a high-capacity internet cable.
Toyota Motor Corp. is recalling 340,000 gas-electric hybrid Prius cars around the world 212,000 of them in Japan and 94,000 in North America, for a defect in their parking brakes.
Shares in Hong Kong flag carrier Cathay Pacific plunged as much as 5 percent Thursday after it scrapped its profit outlook for the second half of the year, citing competition and overcapacity.
Uniqlo operator Fast Retailing backed off its chairman's ambitious revenue goal Thursday and targeted a more "realistic" figure, as it reported fiscal year net profit more than halved.
DBS launches online personal loans with 7-11
In collaboration with convenience store giant 7-Eleven, DBS bank is offering its customers increased flexibility in obtaining personal loans, allowing them to do so without actually going to the bank.
Giant, the world's largest bicycle manufacturer, has announced a recall of almost 680,000 bicycles from the mainland China market.
Toyota, Suzuki create tie up for technology, ecology partnership
Toyota, the world's top automaker, and Suzuki, a Japanese rival that specializes in tiny vehicles, are tying up in a partnership.
Cash is piling up faster than Warren Buffett can invest it
Warren Buffett has the kind of money problem most people would envy: a growing mountain of cash. Nearly US$73 billion piled up at Berkshire Hathaway by mid-summer, more than Buffett's conglomerate has ever held before.
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