Money

LeEco Said to Slash US Jobs Amid Global Restructuring

LeEco Said to Slash US Jobs Amid Global Restructuring

Liang joined Leshi as an executive in 2012. Apart from that Leshi would also be losing its chief financial officer Yang Lijie, who apparently is resigning due to personal reasons. Sunac might have requested this move, or there could be differing opinions from the board for this decision. "In the future, we hope LeEco is only formed of two parts: the listed businesses and the auto unit", a transcript of an interview with Jia provided by LeEco said. Read More

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Detroit Tigers strike early, end Texas Rangers win streak

RAYS 9, YANKEES 5: Corey Dickerson homered twice, and the Tampa Bay Rays won their season-high fourth in a row, beating NY in a game that included three hit batters, three ejections and one animated argument. Martinez tied it with his fifth home run in six games. The Rangers won the Friday opener here 5-3, then on Saturday Detroit scored seven runs in the first three innings on the way to a 9-3 victory. Read More

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Facebook CEO Mark Zuckerberg posts video of Harvard acceptance in 2002

Facebook CEO Mark Zuckerberg posts video of Harvard acceptance in 2002

The joyous moment was captured by his father Edward Zuckerberg, who couldn't have been any more proud. Almost 15 years after that, he will get his honorary degree at commencement next Thursday. Eventually the pyjama-wearing teen is able to find the words and declares somewhat lacklusterly: " Yay, I got accepted ". But that changes next week when he is scheduled to speak at Harvard's commencement and where he said he will receive his degree. Read More

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Rating Roundup: Coca-Cola Company (NYSE:KO)

Rating Roundup: Coca-Cola Company (NYSE:KO)

TheStreet raised shares of The Coca-Cola from a "c+" rating to a "b" rating in a research note on Thursday, April 27th. Coca-Cola Company (NYSE:KO) 52-week high price stands at $44.79 and low price stands at $39.53, its price distance from 52-week high is -1.92% while its distance from 52-week low price is 11.13%. Read More

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Ryan says no rush to judgment on Comey firing

The White House is disputing a report that President Donald Trump asked C. "And we'll see where the facts lead". Asked what he thinks of the Trump presidency, Putin said it's up to the American people to judge and his performance can be rated "only when he's allowed to work at full capacity", implying that someone is hampering Trump's efforts. Read More

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Elliott steps up pressure on BHP to ditch petroleum

Elliott steps up pressure on BHP to ditch petroleum

Elliott's revised proposal still takes aim at unlocking value and halting underperformance in the stock, but doesn't mention a potential delisting from the Australia Stock Exchange. After the meeting, an Elliott spokesman said the meeting was private but constructive. Andrew Mackenzie, CEO of BHP Billiton, has issued a fresh update on the company's progress to grow long-term shareholder value. Read More

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Russia, Saudi Arabia back extension of oil output cuts

Russia, Saudi Arabia back extension of oil output cuts

Meanwhile, away from the oil market, gold prices rose 0.1% to $1,230.20 an ounce, remaining on track for a third consecutive session of gains. "We've come to the conclusion that the agreement needs to be extended". The extension of the cut will initially be on the same volume terms as before, although the ministers said they hoped other producers would join the efforts. Read More

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China presses South Korea on Thaad missile system

China presses South Korea on Thaad missile system

The two leaders agreed to hold talks as soon as possible, with the sidelines of a summit of Group of 20 major economies in Germany in July being earmarked as a possible opportunity for this to happen. The phone call went smoothly despite some conversation about THAAD, according to Yonhap. But in a 25-minute conversation, Moon and Japanese Prime Minister Shinzo Abe said they hoped to meet at an early date and exchanged invitations to visit, according to both sides. Read More

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Elon Musk video touts test of speedy tunnel transit system

Elon Musk video touts test of speedy tunnel transit system

He posted a video of a skate at work. In December 2016, Elon Musk tweeted out that traffic in LA was driving him nuts, and that he was going to get a tunnel boring machine and "just start digging". To those unfamiliar with Los Angeles, the most congested city in the U.S. His plan includes platforms that act like elevators carrying the cars to an underground series of tunnels. Read More

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German economy gathers momentum in first quarter

German economy gathers momentum in first quarter

European stocks are set to open mixed this morning, with investors focused on strong first quarter economic data from Germany as the region's benchmark test multi-year highs . This should continue to be the case because employment continues to reach record levels and the era of very low wage settlements is long over. Looking ahead, Germany could surprise observers with even faster growth over the rest of the year, said analyst Florian Hense of Berenberg bank. Read More

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US, China agree to first trade steps under 100-day plan

US, China agree to first trade steps under 100-day plan

As part of the deal, Ross told reporters that China has agreed to accept us beef imports by July 16, which would be almost a year after Beijing said it would start buying beef again under the Obama administration. The agreement would also ease import restrictions on agricultural goods, including ending China's ban on beef imports that was imposed in 2003 after a case of mad-cow disease. Read More

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British Gas loses customers in price cap row

British Gas loses customers in price cap row

Earlier this week, before May's announcement, The Share Centre investment research analyst Graham Spooner noted that the firm had come under political pressure to reduce prices and had been in dialogue with the United Kingdom government on alternative ways to improve the domestic energy market. Read More

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Rajnath Calls for 'Unity of Purpose' to Tackle Naxals

Rajnath Calls for 'Unity of Purpose' to Tackle Naxals

The Naxal problem can not be resolved through "silver bullets" or any shortcut but through short-term, medium-term and long-term solutions, said Mr Singh, who is chairing the meeting. The camps of the CRPF or Central Reserve Police Force should be adequately equipped with power and water and connectivity. Mr. Singh also asked the CAPF personnel to learn and respect the local customs and traditions of tribals, wherever they are posted. Read More

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Puerto Rico files for bankruptcy protection

Puerto Rico's situation is ugly. In addition to its debt, Puerto Rico is facing a 45 percent poverty rate, a shrinking population and unemployment more than twice the USA average. Even worse, CNNMoney found that a doctor a day has left Puerto Rico, causing a severe shortage of medical help as the island was fighting the Zika crisis. Read More

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China April exports, imports rise less than expected

China April exports, imports rise less than expected

While exports increased at a slower rate than March, when they soared by 16.4%, they marked a second consecutive month of growth after a 1.3% fall in February. In U.S. dollar terms, exports went up 8 percent in April, nearly on par with the 8.2-percent gain registered in the first quarter. The state planner said last month it will stop accepting from May 5 new applications from private oil refiners seeking approval to use imported crude oil. Read More

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'Fighting Joshua will be like a cat playing with wool'

'Fighting Joshua will be like a cat playing with wool'

Fury, 28, has dealt with depression and lost his boxing licence since beating Wladimir Klitschko in November 2015. "But with Joshua boxing is going to be a whole different ball game and everyone is going to want to watch him fight". "It didn't slip away - I just couldn't be bothered no more". You can take a guy with nothing, clean them up and next thing he's meeting the President of the United States or the Prime Minister of the UK. Read More

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Baba Ramdev calls for '100 heads' for each Indian soldier's death

Baba Ramdev calls for '100 heads' for each Indian soldier's death

This is, however, a big relief for the other FMCG players, since Patanjali has already eaten away a major chunk of the market shares of its peers and they would not want to give away their share of the market to Patanjali. He also quoted that Patanjali will be headed by a Sanyasi after him and there will be absolutely no involvement of any business tycoons. In 2016-17, Patanjali Ayurved contributed Rs 9,634 crore to its turnover, while Divya Pharmacy, which manufactures ayurvedic medicine, had ... Read More

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