Friday, April 11, 2014
Bank of America Corp. is paying US$772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.
Hewlett-Packard will pay the U.S. government US$108 million to settle charges that former employees paid bribes to officials in Russia, Mexico and Poland.
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon's total compensation fell 37 percent last year to US$11.8 million as the largest U.S. investment bank grappled with billions in legal costs and fines.
Thursday, April 10, 2014
Shares of AU Optronics Corp. (AUO) moved higher yesterday morning after the Taiwanese flat panel maker reported a 20-percent month-on-month increase in sales for March, dealers said.
A 4-in-1 Mega Show kicked off yesterday, with 1,346 exhibitors setting up 3,665 booths to present auto parts, accessories and equipment at the Taipei World Trade Center (TWTC), making it one of the largest and most diverse automobile shows in Asia.
At a public engagement yesterday, Acer Inc. (宏碁) Chairman Stan Shih (施振榮) stated that a new dawn for the company is poised to break around the second quarter of this year, following sweeping transitions and reforms, with performance also expected to improve as new products and services are launched during the same period.
Chip-maker Intel announced Tuesday that it is eliminating 1,500 jobs from its assembly and test operation in Costa Rica, a blow to a country that has used Intel's presence to build a high-tech sector.
Toyota on Wednesday recalled 6.39 million vehicles worldwide for five different problems, dealing another blow to the world's largest automaker whose reputation for quality and safety has been dented in recent years.
Alcoa Inc. lost US$178 million in the first quarter as revenue fell on lower aluminum prices, but profit beat expectations after excluding charges to idle capacity at aluminum smelters and mills.
General Motors plans to invest US$449 million in two Detroit-area factories to build the next-generation Chevrolet Volt hybrid electric car and two unspecified new vehicles.