Sun, May 01, 2011 - Page 10 News List

Business Quick Take

Agencies

ELECTRONICS

HTC announces payout

HTC Corp (宏達電) plans to pay a cash dividend of NT$37 per share for last year, and 50 shares for each 1,000 currently held, the company said in a stock exchange filing yesterday. Separately, the Taoyuan-based company will pay about NT$1.8 billion (US$63 million) to buy approximately 48,975m2 adjacent to its current headquarters, it said. HTC reiterated on Friday that the company is optimistic about the growth of its content services and announced it will launch its own streaming video service, HTC Watch, in the second quarter this year. Although the new service may not contribute much to revenue during its first year, it holds incredible potential for the future, the company said during its online earnings call, using Apple’s iTunes store as a reference point.

SHIPPING

Evergreen posts profit

Evergreen Marine Corp (長榮海運), the listed unit of Asia’s biggest container line, posted a fourth straight quarterly profit, as the global economic recovery boosted shipping volumes. Net income was NT$1.31 billion, or NT$0.41 a share, in the first quarter, compared with a net loss of NT$87 million, or NT$0.03, a year earlier, the Taipei-based company said in a Taiwan Stock Exchange filing on Friday.

? JAPAN

Supply biggest challenge

Bank of Japan Governor Masaaki Shirakawa said the country’s biggest challenge is to restore supply chains damaged by the March 11 earthquake. Easing supply constraints will lead the economy to recover, Shirakawa said yesterday at a parliamentary session. The central bank views the nation’s economic outlook as “severe,” he said.

INTERNET

Amazon launches music site

Amazon.com Inc this week launched a store that sells digital songs for US$0.69, an attempt to bring more people to its e-commerce Web site and bolster its plan to charge people to store tunes on distant servers known as the cloud. It has cut the price on singles to US$0.69 in the past, but this is the first time it has dedicated a page to the offering. About 200 songs out of the 15 million available have had prices cut to US$0.69. Craig Pape, the director of Amazon Music, said cutting prices boosts music sales and improves the site’s music recommendation engine.

MEDIA

‘Boston Globe’ nets interest

The Boston Globe reported on Friday that a businessman is preparing to offer more than US$200 million to buy the struggling newspaper from its owner, The New York Times Co. The Boston Globe said Aaron Kushner will make a formal offer within the next few weeks for the Times Co’s New England Media Group, which includes the Boston Globe, Boston.com, the Worcester Telegram & Gazette of central Massachusetts and Telegram.com.

CHEMICALS

DuPont raises Danisco offer

DuPont raised its US$5.8 billion offer for Danish food-additives maker Danisco by about 5.3 percent in what it called a best and final proposal. DuPont said on Friday it was offering 700 Danish kroner per share for Danisco and extending the offer period for the last time to May 13. The Delaware-based chemical company also said it was exercising its right to require 80 percent of shares tendered to go through with the deal, down from 90 percent. DuPont offered 665 Danish kroner in a January tender offer.

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