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May, 25, 2016

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Nissan buying 34% of Mitsubishi Motors for US$2.2 bn
Nissan threw a lifeline to Mitsubishi Motors on Thursday by confirming plans to buy a 34 percent stake in the scandal-hit automaker, with the deal valued at about US$2.2 billion according to a regulatory filing.
 
Apple Pay given Cabinet approval
The Cabinet, on its last day before ministers resign en masse, green-lighted Apple Pay and other international mobile payment services' operations under certain conditions in Taiwan on Wednesday.
 
Car-maker Volkswagen makes popular sausages
Known worldwide for its popular Beetle camper van and, of late, its engine-rigging scandal, German automaker Volkswagen also has another slightly lesser-known speciality: the curry sausage.
 
Toyota tips profit dive on strong yen, slower emerging markets
Toyota on Wednesday warned that its annual net profit will fall by about a third as a stronger yen, and a slowdown in Chinese growth and other emerging markets dent its bottom line.
 
E.ON, Germany's biggest power supplier, on Wednesday booked a rise in profits in the first three months of this year after the group secured better gas prices from Russian supplier Gazprom.
 
Facebook on Tuesday denied allegations from a former news curator that it scrubs its site of articles by and about political conservatives.
 
Staples and Office Depot said Tuesday they are scrapping their planned US$6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies.
 
Internet giant Google Inc. denied on Wednesday a report that the company plans to set up a research and development (R&D) center at the Changhua Coastal Industrial Park, saying it has no plans to establish such a center in other parts of Taiwan aside from Taipei.
 
Amazon challenged YouTube Tuesday by adding a platform to its video service that lets "storytellers and creators" share works online and generate revenue.
 
Strong ticket sales from the latest "Star Wars" film and "Zootopia" helped modestly lift Disney's second-quarter profit, according to results released Tuesday.
 
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