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Compal to assemble Swarovski devices

By Lauly Li

Compal Electronics Inc (仁寶), the world’s second-largest contract notebook computer maker, has secured assembly orders from Austrian crystal and jewelry company Swarovski AG to make its smartwatches and is to begin large-scale production next quarter, people familiar with the matter said. “That will help Compal toFULL STORY

La Kaffa unveils two new food outlets for 2017

By Kuo Chia-erh

La Kaffa International Co Ltd (六角國際事業), which operates seven food and beverage brands in more than 20 nations, yesterday said it plans to introduce two new restaurant chains in Taiwan this year. The company’s best-known franchise brands include Chatime (日出茶太) bubble tea stores, Duan Chun ZhenFULL STORY

Shares in Taipei close up on liquidity-driven buying

Shares closed higher yesterday, the last trading session of the lunar Year of the Monkey, as the market was driven by ample liquidity, with foreign investors continuing to move funds into the local market, dealers said. Buying focused on select large-cap stocks, in particular smartphone cameraFULL STORY

Taiwan Life to develop Taipei mall

By Crystal Hsu

Taiwan Life Insurance Co (台灣人壽保險), the life insurance arm of CTBC Financial Holding Co (中信金控), yesterday announced plans to partner with Japan’s Mitsui Fudosan Co (三井不動產) to develop a shopping mall in Taipei’s Nangang District (南港). The two sides agreed to introduce Japanese shopping mall brandFULL STORY

SPIL posts 13.4% growth in profit for last quarter

By Lisa Wang

Chip tester and packager Siliconware Precision Industries Co Ltd (SPIL, 矽品精密) yesterday posted 13.4 percent growth in net profit for last quarter on the back of asset gains. Net profit climbed to NT$9.93 billion (US$316.4 million), from NT$8.76 billion in 2015, a company financial statement showed. EarningsFULL STORY

Chunghwa Telecom forecasts net profit to contract

By Lisa Wang

Chunghwa Telecom Co (中華電信), the nation’s biggest telecom operator, yesterday forecast that net profit this year would contract for a second consecutive year as costs rise, partly due to increased expenses for 4G license amortization. Net income is to shrink 7.8 percent to NT$36.89 billion (US$1.18FULL STORY

Yahoo delays US$4.8bn Verizon sale

Yahoo Inc on Monday said that its US$4.8 billion deal to sell its core Internet assets to US telecom titan Verizon has been delayed for several months. The closing that was set for this quarter has been pushed into next quarter due to “work required toFULL STORY

Allergan, Teva unit face FTC scrutiny of deals

The US Federal Trade Commission (FTC) continued its push against deals that delay the entry of generic drugs, while it settled claims that Endo International PLC broke antitrust laws by entering into agreements with rivals to stave off competition to two of its top-selling medications. TheFULL STORY

Samsung reports Q4 rise in profit

Samsung Electronics Co’s profits leaped in the fourth quarter, it said yesterday, despite the Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal,FULL STORY

Philips faces US conflict regarding defibrillators

Medical equipment maker Philips yesterday disclosed a conflict with the US government over defibrillators it sold in 2015 and earlier, while it also released its fourth-quarter earnings, which missed analysts’ estimates. Philips repeated its medium-term financial targets of 4 to 6 percent average comparable sales growthFULL STORY

US judge blocks US$37bn Aetna, Humana merger

A US federal judge on Monday ruled that a US$37 billion merger between health insurance giants Aetna Inc and Humana Inc should not be allowed to go through on antitrust grounds, siding with the US Department of Justice, which had been seeking to block theFULL STORY

World Business Quick Take

TELECOMS BT cuts revenue outlook Britain’s BT Group PLC yesterday cut its revenue, earnings and free cash flow forecasts for this year and next year after finding that inappropriate accounting behavior at its Italian business went far deeper than previously thought. BT, which in October last yearFULL STORY

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