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Why China’s private sector needs a ‘high degree of attention’
By Kevin Yao BEIJING (Reuters) – Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows. Beijing is counting on the private sector to invest more in the economy and take up the slack as the government tries to engineer a shift away from largely state-run heavy industry to more... [Read more]
Oaktree urged Tribune Publishing to merge with Gannett: Barron’s
Oaktree Capital Management urged newspaper publisher Tribune Publishing to negotiate a merger with Gannett Co Inc after it declined a purchase offer by Gannett, Barron's reported, citing 13D filings from May 5-11. Oaktree also stated that “in the event one or more other See the rest here: Oaktree urged Tribune Publishing to merge with Gannett: Barron’s Read More →
Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing
Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. Apple is trying to reinvigorate Here is the original: Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing Read More →
Mitsubishi Motors says improper data may have been used for more models
By Naomi Tajitsu TOKYO (Reuters) – Mitsubishi Motors Corp said on Wednesday that improper data for mileage calculations might have been used for other models in addition to those it has already disclosed. On Wednesday, it said it suspected improper… More here: Mitsubishi Motors says improper data may have been used for more models Read More →
Fed’s Kashkari says current U.S. interest rates ‘about right’
While a rate hike in June is “possible,” Kashkari sounded happy to keep rates low for now in order to continue bringing workers who have not worked in months or years back into the labor force. “To me, just looking at the raw data, it says we should be … Read the original: Fed’s Kashkari says current U.S. interest rates ‘about right’ Read More →
Cigna says Anthem deal could close in 2017; Anthem sticks to 2016
Health insurer Cigna Corp , which announced plans to be bought by larger Anthem Inc 10 months ago, on Friday said the deal may close in 2017 rather than 2016 due to the complexity of the regulatory process, according to a filing with the Securities and Exchange Commission. The U.S. Department of Justice is currently reviewing the Cigna-Anthem deal, which would create the … View original post... [Read more]
Air France-KLM to name Jean-Marc Janaillac as new CEO: source
Air France-KLM's board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group's next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the matter said on Saturday. Frederic Gagey would remain as head of The rest is here: Air France-KLM to name Jean-Marc Janaillac as new CEO: source Read More →
Exclusive: CBS weighs share options for post-Redstone era – sources
CBS Corp's executives are talking to investment bankers about how their CEO and executive chairman, Les Moonves, can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared mentally incompetent, said two sources familiar with the situation. The New York-based company met with investment banks in recent months to discuss how it could buy CBS's voting shares... [Read more]
Carl Icahn says he sold entire Apple stake on China woes: CNBC
Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China's influence on the stock. Icahn, in an interview with cable television network… Go here to read the rest: Carl Icahn says he sold entire Apple stake on China woes: CNBC Read More →
Sumner Redstone trial should be open to public: tentative ruling
By Lisa Richwine LOS ANGELES (Reuters) – The trial over media mogul Sumner Redstone's healthcare directive should be open to the public, a California judge said in a tentative ruling … See the original post here: Sumner Redstone trial should be open to public: tentative ruling Read More →