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June, 25, 2016

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Business > Company Focus
Apple Inc. announced a series of long-awaited enhancements to its App Store on Wednesday, but the new features may not ease concerns of developers and analysts who say that the App Store model -- and the very idea of the single-purpose app -- has seen its best days.
 
The chief executive of BHS told British lawmakers that Dominic Chappell, the former bankrupt who bought the company in 2015, threatened to kill him after being confronted about cash transferred out of the retailer that is now being wound down.
 
After Hon Hai Precision Industry Co. (鴻海) reported weaker sales data for May, market analysts said Thursday that slow season effects will continue to affect the company's shipments in the second quarter of this year.
 
Ephemeral messaging app Snapchat by year's end will have more U.S. users than either Twitter or Pinterest, a market tracker said Wednesday.
 
Uber was fined 800,000 euros (US$900,000) in France on Thursday, half of which was suspended, over its controversial UberPOP ride-sharing service.
 
Swiss commodities trading and mining giant Glencore said Thursday it had sold another stake in its agriculture business and would shift US$3.6 billion in debt to the subsidiary.
 
Vodafone New Zealand will take a controlling interest in Sky Network Television under a NZ$3.44 billion (US$2.44 billion) merger deal, the pay-TV operator said Thursday.
 
Japanese automaker Honda is recalling 784,000 vehicles in Japan due to faulty Takata Corp. air bag inflators for front passenger seats.
 
A delegation from Taiwan's medical device sector is taking part in an international trade show in Mexico City, seeking business opportunities in the Latin American country, the Taipei Economic and Culture Office (TECO) there said Thursday.
 
Ralph Lauren closing stores as sales see slump
Ralph Lauren is closing stores, cutting jobs and focusing more on its most popular brands to try to reverse its declining fortunes.
 
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