Sun, May 15, 2011 - Page 11 News List

Business Quick Take



Formosa ratings steady

Taiwan Ratings Corp (中華信評) said yesterday credit ratings for the four core companies of the conglomerate Formosa Plastics Group (台塑集團) were not immediately affected by the fire that broke out earlier last week at the group’s complex in Mailiao (麥寮), Yunlin County. According to the ratings agency, Formosa Plastics has sufficiently diversified its business and stocked up on inventory, so it should be able to weather the impact of the fire for now. The four core units of the group are Formosa Plastics Corp (台塑), Nan Ya Plastics Corp (南亞塑膠), Formosa Chemicals & Fibre Corp (台灣化學纖維) and Formosa Petrochemical Corp (台塑石化). All four units are rated “twAA-” by the agency for their long-term debt and “twA-1+” for their short-term credit with a stable outlook.


Yao Ming sues over name

Chinese news reports say that injured NBA all-star Yao Ming (姚明) has sued a sportswear maker for allegedly using his name and logo to sell its products. The Xinhua News Agency reported late on Friday that Yao had sued Wuhan Yunhe Sharks Sportswear Co (武漢雲鶴大鯊魚體育用品公司) for using his name and logo, “Yao Ming Era,” on its shoes. It said the lawsuit was filed in Wuhan, Hubei Province. The Houston Rockets center, who has a licensing agreement with Reebok, is currently recovering from a possible career-threatening ankle injury.


Blogger back in action

Google’s Blogger was back up on Friday after suffering an outage that knocked the blogging platform used by millions offline for over 20 hours. “We’re very sorry that you’ve been unable to publish to Blogger for the past 20.5 hours,” Blogger manager Eddie Kessler said in a post on the Blogger Buzz blog. “We use Blogger for our own blogs, so we’ve also felt your pain.” The outage was because of data corruption during scheduled maintenance work on Wednesday night, he said. Blogger is one of the world’s most popular blogging platforms and has millions of active blogs.


Amazon unit used by hackers Inc’s Web Services cloud computing unit was used by hackers in last month’s attack against Sony Corp’s online entertainment systems, according to a person with knowledge of the matter. Hackers using an alias signed up to rent a server through Amazon’s EC2 service and launched the attack from there, said the person, who requested anonymity. The account has been shut down, the person said. The development sheds light on how hackers used the so-called cloud to carry out the second-biggest online theft of personal information to date. The breach at Amazon is likely to call attention to concerns some businesses have voiced over the security of computing services delivered via others’ remote servers, referred to as cloud computing.


App trademarks challenged

Microsoft Corp and Nokia Oyj are among four technology companies challenging Apple Inc’s EU-wide trademarks for “Appstore” and “App Store.” Nokia, the world’s largest mobile phone maker, Microsoft, Sony Ericsson Mobile Communications AB and HTC Corp (宏達電) all filed separate requests on Thursday with the EU trademark agency in Alicante, Spain, seeking to invalidate Apple’s trademark rights. Apple’s App Store, started in 2008, offers downloads of programs from the company and third-party developers.

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