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January, 19, 2017

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Business
Davis, longtime CEO of US Bank, to retire
U.S. Bank Chairman and CEO Richard Davis announced Tuesday that he will retire from his job as head of one of the nation's largest regional banks.
 
TSMC 'facing triple threat' to revenue streams
Taiwan Semiconductor Manufacturing Company (TSMC) will be exposed to three major risks, including falling revenue from the 28nm and 16nm segments, according to a report Wednesday.
 
The dollar recovered against its major peers Wednesday after taking a battering the previous day, while the pound fell back having surged on the U.K.'s Brexit plans.
 
The impact of recent amendments to the Labor Act are already being felt by the hospitality industry, with 67 percent of restaurants reporting increased personnel costs, according to a 1111 Job Bank survey released Wednesday.
 
With the anti-globalization wave impacting major elections, including that of U.S. President-elect Donald Trump, the United States and European Union made a final plea on Tuesday to conclude a trans-Atlantic free trade deal.
 
Ing-wen's weiya
President Tsai Ing-wen, in her capacity as Democratic Progressive Party chairwoman, draws lots at the party's year-end "weiya" banquet in Taipei on Wednesday, Jan. 18.
 
Taoyuan tire fire
An aerial view taken Wednesday, Jan. 18 shows the charred remains of Federal Corporation's (泰豐輪胎) tire factory in Zhongli District, Taoyuan City after a massive fire broke out Tuesday.
 
The New York Times said Tuesday it will be cutting its newsroom budget this year, but also investing US$5 million for covering the Trump administration as part of a strategic reorganization.
 
Detroit, the once-thriving capital of the U.S. automobile industry, has seen most of its jobs move overseas, leaving the remaining workers at the "Big Three" auto plants wondering about the future.
 
CSX Corp.'s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak.
 
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