CAL starts Sapporo service
China Airlines Ltd (CAL, 華航), the nation's largest carrier, opened regular flight service to Sapporo, Japan, yesterday, following a ribbon-cutting ceremony at CKS International Airport. CAL will offer six flights per week on the Taipei-Sapporo route, and the company used a plane with lavender plants painted on its fuselage for the maiden flight to the Japanese city. The reopening of CAL's Taipei-Osaka flight service, five flights per week, was also marked in the ceremony after a hiatus of 32 years. A CAL plane whose fuselage is painted with popular Taiwan fruits made the maiden flight on the reopened route to Osaka.
Jobs refuses Disney salary
Apple Computer Inc chief executive Steve Jobs has asked not to be paid the US$65,000 annual salary he is entitled to as the newest board member of The Walt Disney Co. Disney's board approved a modification of its director compensation policy to accommodate Jobs' request, according to a filing Disney made on Friday with the Securities and Exchange Commission. Jobs joined Disney's board in May after Disney bought Pixar. Jobs became Disney's largest shareholder with 138 million shares, which valued his stake at US$3.9 billion when the deal closed.
Fuji begins assembling 787
Fuji Heavy Industries Ltd said on Friday that it had begun assembling the first major part of Boeing Co's new 787 airplane, which is scheduled to enter service in 2008. The Japanese company is building the center wing section of the airplane at a new factory in Handa, Japan. The mid-sized 787, dubbed the "Dreamliner," promises to be 20 percent more fuel efficient than similar airplanes currently on the market. Boeing is scheduled to deliver the first 787 to Japan's All Nippon Airways in mid-2008. Boeing said 28 airlines have already logged 403 orders for the plane.
Shell to build wind farm
Energy giant Shell Oil Co USA plans to build a US$200 million wind farm on the slopes of a 8,000-hectare ranch on the island of Maui. The wind farm's first phase is expected to be completed in 2008 with 20 turbines producing up to 40 megawatts of power. The plan is to then double the site's output with the completion of a second phase, which would use water pumped up hill during off-peak hours and later released downhill to turn turbines and help generate power during peak demand hours. Nearly 20 percent of the island's power will come from wind turbines once the project is complete, according to the farm.
Judge dismisses Go lawsuit
A federal judge has dismissed Go Computer Inc's antitrust case against Microsoft Corp. In a ruling on Thursday, US District Judge J. Frederick Motz in Maryland granted Microsoft's request that the lawsuit be dismissed because the antitrust claims are barred by the four-year statute of limitations. The lawsuit centered on allegations that Microsoft Chairman Bill Gates set out in the early 1990s to discourage other companies from doing business with Go. The case was originally filed in federal court in California, but later moved to Maryland. Jerry Kaplan founded Go and, last year, reacquired the rights to sue on Go's behalf. The company developed technology that helped computers understand handwriting.
From the customer’s perspective, car rental is a straightforward business. The only uncertainty is whether the hire company will charge you for the scratch they discover when you hand back the vehicle. Hertz Global Holdings Inc’s bankruptcy protection filing on Friday last week was a reminder that today even the simplest business models are underpinned by a lot more financial complexity than meets the eye. The proximate cause of Hertz’s demise was of course the sudden collapse in bookings caused by COVID-19 travel restrictions. The company’s monthly revenue last month fell 73 percent year-on-year, a shortfall that even the most resilient
Uber Technologies Inc, Lyft Inc and Airbnb Inc have slashed thousands of jobs. Salesforce.com Inc and Visa Inc are letting employees work remotely for months; Twitter Inc and Square Inc are allowing them to do so for good. For the companies’ hometown of San Francisco, the moves are early signs of a dire blow. In a city with a long history of booms, busts and natural calamities, the COVID-19 pandemic has suddenly upended nearly a decade of prosperity. While municipalities across the US are grappling with economic fallout from the virus, San Francisco stands to take a deeper hit given its high
BULK PURCHASE: The French chain and Hong Kong-based Dairy Farm International reached a deal covering 224 stores, which is expected to be finalized by year’s end Carrefour SA yesterday announced it would acquire Wellcome Taiwan Co (惠康百貨) for 97 million euros (US$108.33 million), and bring all the Wellcome supermarkets (頂好超市) and Jasons Market Place stores nationwide under its banner within 12 months of the deal closing. The France-based hypermarket chain reached an agreement with Hong Kong-based Dairy Farm International Holdings (牛奶國際控股), the pan-Asian retailer that launched Wellcome Taiwan in 1987. The transaction involves 199 Wellcome supermarkets, which have average sales areas of 420m2 and 25 high-end Jasons Market Place stores, which have an average sales area of 820m2, as well as a warehouse in Taoyuan, Carrefour Taiwan (家樂福)
‘ONE-STOP SHOP’: A Miaoli official said that the factory in the Jhunan section of the Hsinchu Science Park would create more than 1,000 jobs and boost prosperity A new high-end IC packaging and testing plant planned by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in Miaoli County is expected to start operations in the middle of next year, Miaoli County Commissioner Hsu Yao-chang (徐耀昌) said. Hsu wrote on Facebook that TSMC, the world’s largest pure wafer foundry operator, would invest NT$303.2 billion (US$10.1 billion) to build the plant, the largest-ever single investment in Taiwan. However, TSMC declined to disclose the financial terms of the deal, while a company board meeting on May 12 approved a spending plan worth NT$168.2 billion as part of its investment plans. Construction of the