Companies

China sales lift earnings

Can Apple stay on top after record quarter?

NEW YORK -- U.S. gadget maker Apple's October-December earnings, released Tuesday, blew away market forecasts. In addition to solid sales of its flagship iPhone 6 and 6 Plus handsets, which hit the market last September, sales in China helped boost i...

  • Taiwan's iPhone suppliers

    Share prices mixed after Apple earnings report

    TAIPEI -- Shares of major Taiwanese suppliers of Apple Inc. ended mixed Wednesday after the U.S. tech giant reported a record quarter while releasing a mild forecast. The Cupertino, California-based company saw its net profit for the first fisca...

  • Skymark Airlines

    Japanese carrier to file for bankruptcy

    TOKYO -- Skymark Airlines, Japan's third-largest carrier, has decided to file for bankruptcy protection. The company was to hold an extraordinary board meeting later Wednesday and is expected to apply to the Tokyo District Court for protection fr...

  • Yahoo to spin off $40B Alibaba stake

    SAN FRANCISCO/NEW YORK (Financial Times) -- Yahoo plans to spin off its $40bn stake in Chinese ecommerce group Alibaba in what it says will be a tax-free transaction, sending its shares up more than 7 per cent in after-hours trading. The internet...

  • Freeport's future in Indonesia

    Miner's license renewal contingent upon smelter investment

    JAKARTA -- The Indonesian government is set to extend an operating license for gold and copper miner Freeport Indonesia, on the condition that the company commits to investing in a $2.3 billion smelter construction project in East Java. Freeport ...

  • Nanya Technology's DRAM outlook

    Coming off record year, Taiwan company expects 'steady' 2015

    TAIPEI -- Taiwan's leading DRAM chip manufacturer, Nanya Technology, is expecting a stable year for the sector thanks to strong global demand for smartphones. "The DRAM market will be steady in 2015," Nanya President Charles Kau told investors T...

  • Apple iPhone sales trample expectations as profit sets global record

    Apple Inc. quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. The compan...

  • More restructuring

    Sony to ax another 1,000 workers in smartphone segment

    TOKYO -- Sony plans to cut an additional 1,000 employees in its smartphone business, mainly in Europe and China, under an effort to bring the segment into the black. The Japanese electronics giant had announced last October that it would eliminat...

  • Bank of Ayudhya wobble

    Shares plummet on delisting rumor

    BANGKOK -- After skyrocketing nearly 30% on Friday, shares of Bank of Ayudhya (Krungsri), Thailand's fifth largest bank by assets, nosedived 13.8 % on Monday and shed a further 7% on Tuesday. The volatility came on the heels of a "rumor" late las...

  • Vietjet Air float

    Vietnamese carrier seeks $800 million in 2015

    HO CHI MINH CITY -- Vietjet Air, Vietnam's first private airline, plans to raise $800 million this year with an initial public offering (IPO) and from other sources to purchase new Airbus aircraft. While details of the flotation have not been cl...

  • Focusing on merit

    Toyota to revise pay for factory workers

    NAGOYA -- Toyota will revamp how it compensates factory workers to put greater emphasis on performance and less importance on seniority in order to draw more young talent. The new arrangement will apply to about 40,000 employees aged 18 to 65, or...

  • Weaning itself off Apple

    Hon Hai sees automobiles as next key business

    TAIPEI -- Taiwanese contract electronics manufacturer Hon Hai Precision Industry has taken steps in preparation for a full entry into the automobile industry, hoping to end its dependence on main client Apple. At the end of last month, Hon Hai an...

  • Quiet cars

    Toray adding capacity for sound-absorbing material

    OSAKA -- Toray is beefing up South Korean capacity for manufacturing a high-performance polyester fiber used as a sound-absorbing material in cars. The Japanese company will spend roughly 3 billion yen ($25.3 million) to increase production capac...

  • Expanding in India

    Nissan to double Datsun dealership network

    NEW DELHI -- Nissan Motor plans to double the number of Indian dealerships for its Datsun car brand by 2016. Shops featuring Datsun autos -- specifically developed for emerging markets -- will be set up in dealerships selling Nissans, bringing th...

  • Air freight

    ANA group looks to boost international cargo capacity

    TOKYO -- ANA Holdings plans to increase its international air-freight carrying capacity by 20%. With low-cost carriers increasing competition in the passenger airline business, the Japanese company views the cargo business as a new source of earnings...

  • Cyberattack on Malaysia Airlines

    Hackers hit ailing national carrier's website

    KUALA LUMPUR -- Malaysia Airlines' website was disabled Monday morning by a group of hackers calling itself the Lizard Squad. The same group claimed responsibility for last year's attacks on Sony's PlayStation network and Microsoft's Xbox Live online...

  • Japanese engineering giant

    JGC wins LNG order in Malaysia

    TOKYO -- JGC, a major Japanese engineering company, has received an order to build facilities at a Malaysian liquefied natural gas complex. The order from state-owned oil giant Petronas is worth 60 billion yen ($502 million). JGC will take on...

  • Investment returns

    Itochu eyes 400 billion yen profit on back of Citic stake

    TOKYO -- Itochu anticipates a boost in its net profit in part through an investment in a Chinese state-owned entity, but improving its financial position will be an urgent task. The Japanese trading house expects to lift net profit to 400 billion...

  • Taiwan's LCD titans

    Top 2 panel makers' earnings rise, but windfall might not last

    TAIPEI -- Taiwan's top makers of LCD panels are bouncing back. Innolux and AU Optronics put an end to money-losing operations in 2013 by shifting production to panels used in bigger and more advanced TV sets. Innolux and AUO are expected to have ...

  • Yamato Transport

    Mailbox delivery service to end in March

    TOKYO -- Yamato Transport announced Thursday that it will discontinue its service that delivers light parcels to customers' mailboxes at the end of March in order to prevent customers from running afoul of postal laws. The company has operated th...