Category Archives: News

China's iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg

BEIJING (Reuters) – Baidu Inc’s video streaming service iQiyi, a Chinese-style Netflix , is looking for an initial public offering in the United States as

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Walt Disney threatens to pull ESPN, ABC from Optimum

NEW YORK (Reuters) – Walt Disney Co has threatened to pull its programming from the fourth largest U.S. cable distributor, Altice USA, if the two

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A private solution for China’s zombie company problem? Unlikely

HONG KONG (Reuters) – China’s latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors

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Wells Fargo hires new law firm to prepare CEO for Senate appearance

NEW YORK (Reuters) – Wells Fargo & Co. has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for

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Boeing sees growth in demand for airplanes in Southeast Asia

(Reuters) – Boeing Co said it sees demand for new airplanes worth $650 billion in Southeast Asia over the next two decades.

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Google to acquire HTC's Pixel smartphone division in $1.1 billion deal

TAIPEI (Reuters) – Alphabet Inc’s Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp that develops the

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Toshiba selects Bain group as buyer of its memory chip business: sources

TOKYO (Reuters) – Japan’s Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit,

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Toys 'R' Us files for bankruptcy protection

(Reuters) – Toys “R” Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the

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Northrop Grumman nears deal to purchase Orbital ATK: source

NEW YORK (Reuters) – U.S. defense contractor Northrop Grumman Corp is poised to announce a purchase of missile and rocket maker Orbital ATK Inc as

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Real Madrid adds lustre to China's wannabe 'Orlando' tourist hub

HENGQIN, China (Reuters) – Just a stone’s throw across a narrow waterway from the world’s largest gambling hub Macau, a former oyster farming island is

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