ON PLAN: HP says the Latin American and Asia-Pacific markets would lead growth this year, with overall shipments expected to grow 28 percent year-on-year
By Lisa Wang
Hewlett-Packard Co, the world's biggest personal computer maker, said yesterday notebook computer shipments would outgrow the overall market's 28 percent annual expansion this year, shrugging off a potential impact on demand from the US subprime credit turmoil.

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By Kevin Chen
Insurance stocks closed higher yesterday as the US Federal Reserve's first rate cut in four years prompted market speculation that prices of insurers' NT dollar-dominated assets could rise while insurers may shift focus from US-dollar assets to local assets.

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Nokia Oyj, the world's largest mobile phone maker, and Chunghwa Telecom Co (中華電信) will test technology that allows subscribers to use their handsets as Visa Inc payment cards.

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TEMPORARY BREAK: An analyst says the company should be able to absorb the capital reduction due to its strong cash position and cash-flow generation
By Kevin Chen
United Microelectronics Corp (UMC, 聯電) will temporarily halt trading on the Taiwan Stock Exchange beginning today as the world's second-largest contract chipmaker exercises capital reduction to boost its return on equity for shareholders.

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By Jimmy Chuang
Premier Chang Chun-hsiung (張俊雄) announced a NT$22.2 billion (US$673 million) plan yesterday for expanding an exhibition hall in Nangang, Taipei, and building another in Kaohsiung.

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QUICK IS SEXY: With basketball growing in popularity, the NBA is expanding its long-standing China campaign with a Taiwan-raised executive who knows the system
The National Basketball Association (NBA) was to announce yesterday that it had hired Timothy Chen (陳永正), chief executive of Microsoft's China operations, to head a new NBA subsidiary.

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Call it creative fundraising.

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Shares make minor gain

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