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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...
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...
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...
QuamTel (OTCBB: QUMI).
Quamtel Incorporated
QuamTel was founded in January 1996 to deliver managed pre-paid global communication products and services. Through its subsidiaries WQN and DataJack, the Company markets to individuals and businesses with a specific focus on international populations in the United States and Canada who want an easy and cost-effective way to communicate with family, friends and colleagues overseas...
Samsung profit up 17% on record smartphone sales
SEOUL -(MarketWatch)- Samsung Electronics Co. said Friday its fourth-quarter net profit rose 17% from a year earlier as record smartphone sales outweighed pressure from the firm’s other businesses, which have been hit by plunging demand in developed economies.
Samsung, the world’s largest technology firm by revenue, said its net profit for the three months ended Dec. 31 rose to KRW4 trillion...
Alliant Energy CEO to retire in March
Alliant Energy Corp. LNT -0.21% said Chairman and Chief Executive William D. Harvey would retire at the end of March and named its operating chief as his successor.
Harvey had been chairman and chief for the last six years, having worked at the utility company and its predecessor for 25 years.
Alliant named Chief Operating Officer Patricia L. Kampling to become chief executive and chairman after he...
Cliffs Natural Resources outlines $1B capex plan
Cliffs Natural Resources Inc. CLF -0.03% said it plans to increase its spending 12% to about $1 billion this year to boost its mining and transportation capacity around the world.
The projected expenditures include roughly $300 million of sustaining capital and $700 million of funds aimed at improving growth and productivity.
The coal and iron-ore producer’s earnings have been soaring in recent...
Plexus earnings fall 29% on weaker sales
Plexus Corp.’s PLXS +1.81% fiscal first-quarter earnings fell a less-than-feared 29% as strength in the manufacturing services company’s engineering business helped damp the effect of lower sales.
Shares surged 9.7% to $36.46 after hours as the company also predicted an upbeat second-quarter profit of 51 cents to 58 cents, excluding any restructuring charges, with revenue between $550 million...
Samsung: Never reviewed plans to take over RIM
SEOUL -(MarketWatch)- Samsung Electronics Co. said Wednesday that it has never reviewed plans to take over Research In Motion Ltd. RIMM -5.55% , whose shares closed up 8% in the U.S. following a blog report that the BlackBerry maker is considering selling all or part of it to the Korean electronics giant.
“Samsung has never reviewed and never will consider plans to take over RIM,” said...
Tokyo bourse to keep Olympus shares listed: report
TOKYO (MarketWatch) — The Tokyo Stock Exchange plans to keep shares of Olympus Corp. listed as it has concluded that the company’s accounting scandal did not have a significant effect on the stock market, the Asahi Shimbun reported Wednesday.
Olympus avoided automatic delisting from the TSE when it filed its earnings by a Dec. 14 deadline. But shares in the scandal-hit maker of cameras...

