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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...
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...
Olympus plans to report April-Dec. results Feb. 13
TOKYO (MarketWatch) — Scandal-hit Olympus Corp. said Friday it will release its earnings results for the April to December period on Feb. 13, a day before a legal deadline for listed firms to submit their accounts.
President Shuichi Takayama will hold a news conference the same day to explain the results, a company spokeswoman said.
The Japanese maker of cameras and medical imaging equipment...
TransDigm to buy plane-seatbelt maker AmSafe
TransDigm Group Inc. TDG -0.14% agreed to buy seatbelt-maker AmSafe Global Holdings Inc. for about $750 million in cash, continuing the aerospace supplier’s recent streak of acquisitions.
The deal comes at a time of steady revenue growth for TransDigm, which makes ignition systems, cockpit-security devices and other aircraft components, as commercial airlines continue to ramp up spending.
Among...
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...
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...
Shutterfly CFO to depart for med tech firm
Shutterfly Inc. SFLY -6.48% said its financial chief was departing to “pursue a personal passion” with a medical technology company, saying its chief executive and top accounting executive would split his duties until it names a successor.
Shares were down 3.8% at $23.15 in after-hours trading. Through the close, the stock has fallen 33% in the last year, worse than the market at large.
Shutterfly...

