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Cutting corners? China SUV makers forego key safety feature
By Jake SpringBEIJING (Reuters) - In China's booming sport utility vehicle (SUV) market, many automakers are selling cars without electronic stability control (ESC) as a standard feature, potentially...
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Alibaba repurchases shares from SoftBank at $74 per share
(Reuters) - Chinese ecommerce company Alibaba Group Holding Ltd said on Wednesday it has agreed to buy 27 million of its own shares from SoftBank Group Corp at $74 per share, or $2 billion.SoftBank...
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Fully understand the Fintech Ecosystem with this report
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
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APOLLO: 'We are going to keep on filling the role of banks'
The big banks' pain is private equity's gain.Regulators have forced banks to cut back on lending in the wake of the financial crisis — a bid to stop the biggest lenders from inflating another credit...
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McDonald's nears deal to shift headquarters to Chicago: report
(Reuters) - McDonald's Corp is nearing a deal to shift its headquarters to the former Harpo Studios campus in Chicago from Oak Brook, Illinois, Crain's Chicago Business reported.The world's biggest...
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Oil prices fall as OPEC seen unlikely to agree output restraint
By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell early on Thursday as a row between Saudi Arabia and Iran made it unlikely that the OPEC would agree any output constraints during a meeting in...
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One of the rarest watches of all time just sold for a whopping $2.5 million
If you're looking to own a piece of horological history, then it's going to cost you. The latest example of this is a stunning Patek Philippe watch, reference No. 2499, that sold for $2.5 million at an...
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We're in the middle of a gold rush in the cancer-drug industry
In the past five years, 70 new cancer treatments have been approved for more than 20 types of tumors.That surge in treatments is coming with a high cost. In 2015, global spending on cancer treatments...
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Bank of America hones in on existing mobile options (BAC)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Despite proprietary mobile wallet launches from other banks, Bank of America...
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Tribune Publishing is changing its name to tronc, and everyone is making fun...
Tribune Publishing company, the publisher of major big city newspapers such as the Chicago Tribune and LA Times, is changing the firm's name to tronc in a re-branding effort shifting the publisher to a...
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THE FINTECH REGULATION REPORT: How European regulators are creating fertile...
Financial technology — known more commonly as fintech — is attracting a lot of attention globally. Fintech companies provide technologies that aim to disrupt the financial services industry by making...
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Brazil's Eletrobras requests U.S. SEC review for NYSE delisting
SAO PAULO (Reuters) - Centrais Elétricas Brasileiras SA on Thursday presented a request for review before the U.S. Securities and Exchange Commission over a potential delisting of the Brazilian...
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Another car with a 'Wolf of Wall Street' connection is for sale
A Jaguar E-Type used in the 2015 Martin Scorsese film "The Wolf of Wall Street" will be sold at a Bonhams collector car auction on June 5 at the Greenwich Concours de'Elegance.In the film, the car is...
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Lululemon founder reveals he's made a fortune investing in Nike and Under Armour
Lululemon founder Chip Wilson is not happy with the brand.He recently wrote an open letter to shareholders, since he wasn't permitted to speak out at a board meeting, saying that the company has "lost...
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Satellite industry revenue tops $208 billion in 2015: trade group
By Irene KlotzCAPE CANAVERAL, Fla. (Reuters) - Global revenue from the satellite industry reached $208 billion in 2015, a 3 percent increase over 2014, a trade association report released on Thursday...
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A 'hidden debt scandal' might crush one of the world's poorest countries
After about a decade of strong growth, Mozambique has hit a snag.In April, the southeast African nation admitted that it had hidden over $1.4 billion in debt from the International Monetary Fund and...
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Lululemon founder blasts the company and says it has 'lost its way'
Notorious Lululemon founder Chip Wilson has some words for shareholders.He wrote a letter to shareholders on Wednesday, in which he proclaimed that "unfortunately, Lululemon has lost its way and I...
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United Continental, Delta Air Lines possible bidders for Avianca: WSJ
(Reuters) - United Continental Holdings Inc and Delta Air Lines Inc are among the possible bidders for Latin America's Avianca Holdings SA , the Wall Street Journal reported on Thursday.United...
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Transport min to raid Suzuki Motor over improper mileage tests: Kyodo
TOKYO (Reuters) - Japan's transport ministry will conduct a raid on Suzuki Motor Corp's <7269.T> headquarters on Friday over its use of improper fuel economy tests, Kyodo News reported.Earlier...
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The tide for a huge part of the housing market may be starting to shift
The tide of the housing market may be starting to turn for the better, but only if you don't own the dwelling you're living in.We've noted for some time that single-family housing is experiencing a...
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