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February, 28, 2017

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Business > Company Focus
Zenfone 3 Zoom released in Taiwan
This photo shows an ad for the ASUS ZenFone 3 Zoom, a dual-lens smartphone that was revealed at the 2017 CES in Las Vegas. The new ASUS handset went on sale in Taiwan on Tuesday, Feb. 14.
 
Japanese electronics and energy giant Toshiba Corp. says its chairman is resigning to take responsibility for problems that will result in a 713 billion yen (US$6.3 billion) loss in its nuclear business.
 
Citi announced the Citi Tech for Integrity Challenge (T4I), a landmark effort to encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond.
 
Sears and Kmart have evicted "a very small number" of Trump-branded items from their online stores, but won't specify how many and emphasize that hundreds of products are still available through their third-party online marketplaces.
 
Unlimited 4G on chopping block
Following reports that Chunghwa Telecom and Taiwan Mobile could be canceling their 4G unlimited carrier plans, the Fair Trade Commission stated that these telecommunications could face up to NT$50 million in fines if they find that the two are colluding in their plans to end the carrier plans.
 
Mining giant Glencore said Monday it had struck a deal worth nearly US$1 billion to purchase shares of two mines in the Democratic Republic of Congo from a controversial Israeli magnate.
 
DuPont and Chemours will pay nearly US$671 million to settle thousands of lawsuits related to the release of a chemical from a plant in West Virginia more than a decade ago.
 
Verizon, in a major reversal, has joined other carriers in offering an unlimited data plan.
 
Drug giant Allergan announced Monday the US$2.5 billion acquisition of Zeltiq Aesthetics, makers of a fast-growing technology to eliminate body fat through "CoolSculpting," which essentially freezes unwanted fat away.
 
FAT deal for Nordic ATR fleet
Far Eastern Air Transport (FAT) signed a Letter of Intent (LOI) with Nordic Aviation Capital (NAC) for the lease contract. FAT will rent four ATR72-600s and that the aircrafts are scheduled for delivery in 2017.
 
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