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Blackstone’s Schwarzman launches ambitious scholars program in China

When Blackstone Group Co-founder and Chief Executive Stephen Schwarzman was asked by the president of China's elite Tsinghua University to design a major initiative for the school, the private equity billionaire decided to aim high. Schwarzman hit upon the idea of creating a one-year Master's …

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Blackstone’s Schwarzman launches ambitious scholars program in China

Oklahoma judge OKs McClendon land sale, freeing Thunder stake

By Ben Fenwick and Jessica DiNapoli OKLAHOMA CITY/NEW YORK (Reuters) – The judge overseeing Aubrey McClendon's estate approved a land deal on Friday that will pay off one of the late energy …

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Oklahoma judge OKs McClendon land sale, freeing Thunder stake

Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun

Wal-Mart Stores Inc on Friday said it will stop selling Egyptian cotton sheets made by Welspun India after the Indian manufacturer was unable to assure them the products were authentic. Last month, U.S. retailer Target Corp severed ties with Welspun after accusing them of passing off cheap sheets as premium Egyptian cotton for two years. “Welspun has not been able to assure us the products are 100 percent Egyptian

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Wal-Mart stops selling Egyptian cotton sheets made by India’s Welspun

Hanjin Shipping gets U.S. court order, cash to unload ships

South Korea's Hanjin had asked U.S. Bankruptcy Judge John Sherwood to issue an order to prevent creditors from seizing Hanjin ships or property, and to allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Earlier, the company received authority to spend money needed to dock at U.S. ports and begin unloading four vessels that have been stranded …

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Hanjin Shipping gets U.S. court order, cash to unload ships

U.S. tells consumers to stop using fire-prone Samsung phones

By Se Young Lee and Jeffrey Dastin SEOUL/NEW YORK (Reuters) – A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. Following reports that the phones' batteries have combusted during charging and normal use, the…

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U.S. tells consumers to stop using fire-prone Samsung phones

Apple will not give first-weekend sales of iPhone 7

By Julia Love SAN FRANCISCO (Reuters) – Apple Inc will not release first-weekend sales of its new iPhone 7, the company said on Thursday, making it harder for analysts to get a …

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Apple will not give first-weekend sales of iPhone 7

Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. “As is common with deals of this size, there will be some overlaps we will need to manage

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Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

U.S. charges former American Realty executives with inflating results

U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investment trust's market value. Former Chief Financial Officer Brian Block, 44, was charged with six criminal counts, including securities fraud, conspiracy and making false statements, according …

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U.S. charges former American Realty executives with inflating results

Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. “As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur,” Dell spokesman Dave Farmer said.

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Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

Google to buy software developer Apigee for $625 million

By Julia Love and Natalie Grover SAN FRANCISCO (Reuters) – Alphabet Inc's Google said on Thursday it is acquiring software developer Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business. The service is critical for businesses transitioning to the cloud, Diane

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Google to buy software developer Apigee for $625 million

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