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Chunghwa Telecom to expand workforce by 8% in 2012

TAIPEI -(MarketWatch)- Chunghwa Telecom Co. , Taiwan’s largest telecommunications operator by subscribers, plans to expand its workforce by around 8% this year to tap into new business opportunities brought on by the closer economic ties between Taiwan and China, the company’s Chief Executive Shyue-ching Lu said Saturday. Lu said the company plans to add 2,000 staff this year to boost its... 

Micron Technology appoints Mark Durcan as CEO

Micron Technology Inc. MU -2.14% announced Mark Durcan, 51, had been appointed chief executive replacing Steven Appleton, who was killed Friday when the small plane he was piloting crashed at an airport near the company headquarters in Boise, Idaho. Durcan had been Micron’s president and chief operating officer. On Saturday he was also appointed to the company’s board of directors. Micron’s... 

Corning sees non-LCD operations driving growth

NEW YORK (MarketWatch) — Corning Inc. GLW -0.52% reiterated its long-term sales forecast, but said it will hit the target by growing businesses outside of its stalling liquid-crystal-display glass operation. Corning’s prediction, ahead of its annual investor meeting in New York on Friday, signals confidence that it can grow its top line by selling more fiber-optic cable, smartphone cover... 

Aeropostale taps Hirtler-Garvey to chair board

Aeropostale Inc. ARO +0.84% named Karin Hirtler-Garvey its chairman, succeeding Julian R. Geiger who has stepped down from the position. Hirtler-Garvey has been a member of the youth-focused apparel retailer’s board since August 2005 and has served as chairman of the board’s audit committee as well as the company’s lead independent director. She most recently served as the chief risk... 

Fiserv earnings up 23% on higher revenue

Fiserv Inc.’s FISV -1.16% fourth-quarter earnings rose 23% due to higher revenue in its main business segments. For the new year, the company forecast earnings of $5.04 to $5.20 a share on revenue growth of 4% to 6%, bracketing the $5.11 and 5% estimates from analysts surveyed by Thomson Reuters. The company, which provide information technology to the financial and insurance industries, has... 

Korea’s SK Telecom post 61% net-profit drop in Q4

SEOUL -(MarketWatch)- SK Telecom Co. , South Korea’s largest mobile carrier by subscribers, said Thursday its fourth-quarter net profit fell 61% from a year earlier, as higher spending on next-generation network technology and falling phone fees dragged on the bottom line. Net profit in the three months ended Dec. 31 fell to KRW196 billion (US$175.2 million) from KRW502.5 billion a year earlier,... 

Newmont reportedly in coal ops sale talks

SYDNEY -(MarketWatch)- Newmont Mining Corp. NEM -0.03% is in final talks with two overseas parties on the sale of Australian assets containing more than 1.2 billion metric tons of thermal coal, a person familiar with the matter said Thursday. Newmont hopes to conclude the sale of the undeveloped Felton East/West and Lochbar/Bringalily South tenements in Queensland state’s Clarence-Moreton Basin... 

Disney agrees to buy out India’s UTV Software

Walt Disney Co. DIS -0.21% said it would buy a controlling interest in Indian entertainment company UTV Software Communications Ltd. , which it said would make Disney the country’s leading film studio. Last month, India’s cabinet approved the proposal by Disney–which currently owns 50.28% of UTV Software–to buy out other shareholders. Walt Disney reiterated Tuesday it will delist... 

Fortinet quarterly profit up 2.2% as billings jump

Fortinet Inc.’s FTNT +8.72% fourth-quarter earnings climbed 2.2% as the network-security company again reported double-digit billings growth. Shares jumped 8.7% after hours Tuesday to $24.79 on the stronger-than-expected results. The company posted a profit of $16.5 million, or 10 cents a share, up from $16.1 million, also 10 cents a share, a year earlier. Excluding stock-based compensation costs... 

Ivanhoe Australia names UBS to find partner

SYDNEY -(MarketWatch)- Ivanhoe Australia Ltd. said Tuesday it has hired UBS to help find a strategic partner for a string of Australian base metals projects, as it vies to secure long-term funding to bring them into production. Ivanhoe Australia said it has held detailed talks with several parties interested in investing in the Conclurry group of projects near Mount Isa in Queensland state, including... 
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