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Asus looks to restore EeeBook brand

By Lauly Li

Asustek Computer Inc (華碩) yesterday said it expects to see sales volume growth of more than 30 percent at this year’s IT Month information technology exhibition, driven by its newly launched EeeBook X205. Priced at NT$6,680 (US$216), the cloud-based laptop that runs Windows is expected toFULL STORY

Ting Hsin might offload assets amid credit crunch

By Amy Su

Ting Hsin International Group (頂新國際集團) yesterday said it might consider disposing of certain domestic assets in the face of rising debt pressures, as several local banks have tightened lending to the food conglomerate. The group made the announcement in response to a news article published yesterdayFULL STORY

Medical device supplier eyeing profit next year

By Camaron Kao

Aided by rising Asian sales, medical devices supplier Swissray Global Healthcare Holding Ltd (SRG, 環瑞醫控股) yesterday said it aims to swing to profitability next year. The company posted a loss of NT$399.08 million (US$12.9 million), or NT$3.16 per share, in the first three quarters ofFULL STORY

JPMorgan upbeat on domestic banks, life insurers amid expected rate hikes

By Amy Su

Domestic life insurers could see stronger profit growth momentum than banks next year, amid expectations of a potential interest rate hike in the US and further monetary easing in China, according to a report issued yesterday by JPMorgan Securities LLC. The US Federal Reserve is expectedFULL STORY

Real-estate investments abroad pose risks: expert

By Crystal Hsu

Property investment overseas might generate higher rental yields and capital gains, but foreign exchange losses can cancel out returns if investors fail to factor in the risk, Jones Lang LaSalle Taiwan (仲量聯行) said in a report. The report came in response to the advice of majorFULL STORY

Innolux says loan to repay debts ‘80 percent’ secured

By Lisa Wang

Innolux Corp (群創光電), the nation’s top LCD panel maker, yesterday said it was close to securing a syndicated loan of NT$80 billion (US$2.59 billion) from local banks to repay debts. The Miaoli-based company’s comments came after the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reportedFULL STORY

Taiwan Business Quick Take

Pharmaceutical firm inks deal Orient EuroPharma Co (OEP, 友華生技), which makes milk powder, drugs, and nutritional supplements, yesterday said that it inked a deal with France-based Laboratoire HRA Pharma, which provides reproductive healthcare products for women, to sell the drug esmya in Taiwan, Hong Kong andFULL STORY

Sony Pictures network hacked: report

Sony Pictures’ computer network has reportedly come under cyberattack, with hackers allegedly threatening to release key information from the Japanese group’s entertainment division. Sony did not respond to a request for comment on Tuesday. However, The Next Web, a news site, reported that all Sony employeesFULL STORY

Apple Inc tops US$700bn

Apple Inc has set a record by becoming the first company to be valued at US$700 billion. The iPhone maker was already the world’s most valuable business, but in early trading on Tuesday in New York, its shares rose nearly 1 percent to US$119.75, givingFULL STORY

Samsung sells off two units as another starts buyback

Samsung Group announced yesterday the sale of stakes in four petrochemical and defense affiliates for US$1.7 billion as the South Korean giant steps up restructuring efforts ahead of a generational ownership succession. The sale to the Hanwha Group, which has major petrochemical holdings, is expected toFULL STORY

HSBC, Goldman rigged platinum prices: lawsuit

Goldman Sachs Group Inc and HSBC Holdings PLC were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in theFULL STORY

Reuters links Microsoft to US$150m China tax bill

Microsoft Corp was identified by Reuters as having been ordered to pay more than US$150 million in what authorities describe as a push to rein in cross-border tax evasion. Reuters was able to identify the software maker based on a report from Xinhua news agency onFULL STORY

HP profit slips as breakup plan begins

Hewlett-Packard Co (HP) on Tuesday announced lower net earnings in its fourth fiscal quarter, with sales down for many key products. Chief executive Meg Whitman was nonetheless upbeat about the results, which she said fit with her overall plan to turn around the troubled technology giant. “WeFULL STORY

World Business Quick Take

ECONOMY US growth beats forecast The US economy grew even faster in the third quarter than initially thought, posting the strongest six months of growth in more than a decade and pulling further ahead of other top world economies. GDP expanded at a healthy 3.9 percent annualFULL STORY

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