介绍:
BOC's net earnings jump 13.9% in Q1
The Bank of China is reporting a 13.9-percent rise in net profits through the first quarter.
The increase marks a significant jump in profits from the 8.2 percent increase in the same period last year.
Net profits have come in at 45-billion yuan, up from 40 billion yuan a year ago.
Bank of China has seen its non-performing loans rise to 80 billion yuan at the end of March from 73-billion yuan at the end of last year.
The banks NPR now stands at 0.98-percent.
Bank of China is the first among China's "big-4" state-run lenders to release its earnings for the first quarter.
Doug Young on corporate news of the week
Anchor:
It's been another busy week in the corporate world here in China, with a Chinese meat processing company dramatically slashing the size of its IPO in Hong Kong.
And at the same time, a pair of Nasdaq-listed firms have entered into a new partnership connected to video games.
The Beijing Hour's Shane Bigham spoke earlier about these stories with Doug Young, associate professor at Fudan University and former China company news chief at Reuters.
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Doug Young, associate professor at Fudan University and former China company news chief at Reuters, speaking with CRI's Shane Bigham.
Tesla takes deposits via Alipay
Customers of US electric car manufacturer Tesla are now being allowed to pay their deposits on via Alipay.
The deposit for the Tesla Model S is 15-thousand yuan.
The Model X deposit is 30-thousand yuan.
Apple, Google agree to settle lawsuit alleging hiring conspiracy
Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley.
The terms of the settlement have not been disclosed.
A collection of tech workers filed a class action lawsuit against Apple, Google, Intel and Adobe Systems in 2011, alleging the companies conspired to not hire one another's employees in order to avert a salary war.
Trial had been scheduled to begin at the end of May on behalf of roughly 64-thousand workers represented in the suit.
The companies have acknowledged entering into certain no-hire agreements.
However, they have disputed the allegation they had conspired to drive down wages.
Officials with the companies have not commented on the settlement.
Apple, Google, Adobe and Intel settled a U.S. Department of Justice probe in 2010 by agreeing not to enter into no-hire deals in the future.
Japan's NTT Docomo to sell Tata Teleservices stake
Japan's biggest telecom firm NTT Docomo plans to sell its entire stake in India's Tata Teleservices, effectively exiting the country.
Docomo has also announced plans to spend as much as as 4-dollars-90-cents US buying back shares.
Docomo's decision makes it the latest Japanese company to pull out of India.
Japanese drugmaker Daiichi Sankyo withdrew from India earlier this month after selling its stake in Indian pharmaceutical firm Ranbaxy Laboratories.
Docomo paid 2.7-billion US dollars for a 26.5-percent stake in Tata Teleservices in 2009.
However, the Indian telecom firm has been losing money amid stiff price competition and complicated regulations in the country.
Tata Teleservices has posted losses of 106-million US dollars last fiscal year.
Shares of NTT Docomo closed 0.8-percent higher in Tokyo trading this Friday.
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