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.
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.
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.
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.
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.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion