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May, 1, 2016

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Business > Company Focus
Japanese beer giant Asahi said Tuesday it would buy the Peroni and Grolsch brands from the world's top brewer Anheuser-Busch InBev, which it had pledged to sell as part of a tie-up with SABMiller.
 
Oculus reacts to VR privacy questions
An executive from virtual reality company Oculus says consumers shouldn't be concerned about an invasion of their privacy when using the Oculus Rift.
 
Target's new launch fails to ignite shopping frenzy
It was hardly a Lilly-lollapalooza. Target's much anticipated exclusive, limited-time-only launch of the Marimekko Collection on Sunday did not spark the frenzied shopping of some of its past collections. On the bright side, the discounter didn't have to deal with crashing websites and disappointed customers.
 
China's top internet finance company, e-commerce giant Alibaba's affiliate Ant Financial, could start the process of going public this year, reports said Monday, with the firm's latest fundraising valuing it at US$60 billion.
 
Shares of Advanced Lithium Electrochemistry (KY) Co. (Aleees), one of Taiwan's leading lithium ferrous phosphate battery suppliers for electric cars, got a significant boost Monday in the wake of new investments by Li Ka-shing, the richest man in Hong Kong, dealers said.
 
U.S. energy giant ExxonMobil is facing an onslaught from environmentalists and some shareholders alleging it hid what it knew about the effects of fossil fuels on climate change.
 
Struggle against downturns to create volatility
The struggle by central banks and governments to hold back cyclical downturns in economies and markets will likely lead to more two-way volatility.
 
Oops. The idea lasted about as long as a Snapchat text: the head of AMC Theatres mulled openly about creating texting-friendly movie theaters to appeal to smartphone-addicted youngsters. Two days later, after a backlash on social media, the company says it's leaving the idea on "the cutting room floor."
 
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) ranked as the largest spender on research and development in Taiwan in 2015, according to the Ministry of Economic Affairs (MOEA).
 
India's biggest IT outsourcing firm Tata Consultancy Services (TCS) says it will challenge US$940 million in damages imposed by a U.S. court in an intellectual property theft case. A federal grand jury in the U.S.
 
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