Fri, Sep 24, 2010 - Page 11 News List

[ BUSINESS BRIEFS ]

STAFF WRITER, WITH AGENCIES

Share prices little changed

Share prices closed little changed yesterday as bargain-hunting interest in financial firms offset losses suffered by traditional industrial stocks, dealers said.

The weighted index rose 6.14 points or 0.07 percent to 8,202.54, after moving between 8,154.97 and 8,223.22, on turnover of NT$134.97 billion (US$4.28 billion).

The market opened 5.28 points higher on Wall Street’s lackluster performance overnight, and selling emerged as investors pocketed recent profits before bargain hunters became active picking up financial stocks and recouping the losses, dealers said.

A total of 1,619 stocks closed up and 2,175 were down, with 313 remaining unchanged

Web site targets phishing

A strategic alliance for protecting information security was established yesterday, along with the launch of an anti-phishing notification Web site, with the aim of speeding up the handling of phishing cases, an organizer of the alliance said yesterday.

The strategic alliance, which consists of 12 government and private organizations, said in a statement that it will make joint efforts to fight phishing and protect Taiwan’s information security.

The newly launched anti-phishing notification Web site at www.apnow.tw is expected to serve as a single window for collecting phishing cases reported from around the country.

Lextar name new chairman

Local LED chipmaker and chip packager Lextar Electronics Corp (隆達電子) yesterday said its board had promoted president David Su (蘇峰正) to company chairman, filling the vacancy left by Chen Hsuan-bin (陳炫彬).

Chen resigned his post on Tuesday to facilitate the company’s listing on the nation’s major stock market, Lextar said in a filing to the Taiwan Stock Exchange.

The exchange is currently reviewing the procedures of the listing.

Chen, who doubles as vice chairman of the nation’s No.2 LCD panel maker AU Optroncis Corp (AUO, 友達光電), was restricted from leaving the US by a district court because of a price fixing lawsuit.

AUO holds a 36.58 percent share of Lextar, which filed an application to trade its stocks on the TAIEX in March.

Two other AUO officials chief executive Chen Lai-juh (陳來助) and board member Hui Hsiung (熊暉) were also banned from traveling outside the US.

Car sales could hit 300,000

Taiwanese consumers are expected to buy 300,000 cars this year, according to a major car dealer that said the nation has seen robust demand so far this year.

Hotai Motor Co (和泰汽車), the Taiwanese distributor of Japanese car maker Toyota Motor Corp, said on Wednesday it has raised its forecast for car sales, from 275,000 units to 300,000 units for this year.

According to statistics compiled by Hotai, domestic car sales between Jan. 1 and Sept. 20 rose 23.2 percent from a year earlier to 220,091 units.

Hotai said the better-than-expected sales growth so far this year has been very encouraging.

However, Hotai said the growth of car sales in the fourth quarter of this year could appear moderate because of a relatively high comparison base in the corresponding period of last year.

NT dollar gains on greenback

The New Taiwan dollar finished higher against the US dollar yesterday, rising NT$0.165 to close at NT$31.600.

Turnover totaled US$956 million during the trading session.

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