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Thursday, October 9, 2014
Twitter sues US government to disclose more secret data orders
Twitter sued the U.S. government Tuesday, claiming its free speech rights are being violated by restrictions on its ability to disclose numbers of secret orders to hand over user data.
Yum Brands Inc. (YUM) on Tuesday reported third-quarter earnings of US$404 million.
Wednesday, October 8, 2014
Samsung Electronics on Tuesday flagged a near 60-percent on-year plunge in its third quarter operating profit, as its key smartphone sector continued to struggle in the face of increased competition.
The EU snagged U.S. Internet shopping giant Amazon Tuesday in a widening probe into sweetheart tax deals for major multinationals, saying they were unfair to competitors and taxpayers.
Shares of Inotera Memories Inc. (華亞科) and Nanya Technology Corp. (南亞科), two of Taiwan's leading dynamic random access memory (DRAM) chip suppliers, came under pressure Tuesday morning after rival Samsung Electronics Co. announced plans to build a new memory chip plant, dealers said.
Turner Broadcasting will cut 10 percent of its workforce, including about 300 jobs at its CNN division, in a move to slash costs and refocus the media group.
Waldorf Astoria sold to Chinese company for almost US$2 bil.
A Chinese insurance company has bought Hilton's landmark New York luxury hotel the Waldorf Astoria for US$1.95 billion, the U.S. hotel giant said Monday.
Facebook closes big-ticket buy of WhatsApp
Facebook on Monday completed its buy of mobile messaging application WhatsApp, with the mostly stock deal tallying nearly US$22 billion.
Canadian newspaper chain Postmedia Network scooped up competitor Sun Media's English-language tabloids in a deal announced Monday worth CA$316 million (US$281 million).
Shares in Rio Tinto rallied here on Tuesday after the Anglo-Australian miner revealed it had rejected a merger bid from Swiss rival Glencore earlier this year.
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