Sun, May 13, 2007 - Page 11 News List

Business Quick Take

AGENCIES

■ AVIATION

Embraer delivers jets

Brazilian aircraft manufacturer Embraer said on Friday it delivered the first of eight regional jets to Mandarin Airlines (華信航空) of Taiwan. The 104-seat E-Jet will be the base of Mandarin's fleet and is equipped for domestic and short international flights, Embraer said in a statement. The Brazilian company is targeting the Asian Pacific region as a market for its E-jets, including the Embraer 190 and 195 models, said Mauro Kern, executive vice president for the commercial aviation market. The Embraer 190 is a 96 to 106-seat regional jet that has proved popular for short-haul flights. The 108 to 118-seat Embraer 195 is part of the same regional jet line.

■ INVESTMENT

Carlyle to sell shares

Private-equity firm the Carlyle Group LP will for the first time sell shares to the public in one of its investment funds, a person familiar with the matter said on Friday. After a planned initial public offering of stock next month or July, the Carlyle Capital Corp fund, could have up to US$1 billion to invest, the source said, speaking on condition of anonymity. The fund, which will focus on mortgage-backed securities, has already raised private capital. Carlyle plans to list the fund on the Euronext Amsterdam exchange.

■ INTERNET

MySpace blocks clips

The social-networking Internet site MySpace on Friday announced a system that prevents users from reposting video clips that have been removed from the Web site at copyright-holders' request. The new copyright technology, called "Take Down Stay Down," is alerted upon a copyright owner's request to remove a video clip, takes a digital fingerprint of the video and adds it to a copyright filter that prevents uploading again on Myspace users' personal pages. The technology is offered to copyright owners free of charge, MySpace said in a statement.

■ AUTOMOBILES

VW rejects takeover bid

Management at Volkswagen (VW), Europe's biggest car maker, said on Friday it had unanimously rejected a takeover offer from German luxury sports car maker Porsche. VW said in a statement following a special session of its supervisory board that management was convinced that "the value of Volkswagen shares is superior to the price offered." Stuttgart-based Porsche announced in late March that it would exercise an option to buy an additional 3.6-percent stake in VW. The additional shares raised Porsche's interest in VW to 30.9 percent, effectively obliging it under German law to launch a public takeover for all outstanding VW shares.

■ PATENTS

PRC joins patent efforts

China will join Japan, the US, Europe and South Korea in efforts to create an integrated patent system, a report said yesterday. In a weekend meeting in Hawaii, patent commissioners from the countries concerned were due to agree on China's participation in the efforts, the leading business Nikkei Shimbun said. The existing participants have already agreed on standardization of patent application formats, joint use of patent examination results, mutual training opportunities for examiners, and information sharing, the report said. Japan, the US, Europe, South Korea and China account for three quarters of the world's patent applications.

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