The state of venture capital in 2016: 'No longer growth at all costs'
Venture funding of startup companies has surged during the last seven years and is now back to pre-recession levels. Yet with the public markets in turmoil and $1 billion "unicorn" companies holding...
View ArticleUnpaid and angry, some Chinese workers ditch holidays to protest
By Natalie Thomas and James PomfretQIAN'AN/DONGGUAN, China (Reuters) - This year, laborer Fan Fu and 20 or so colleagues working on the Zixia Garden apartment complex in Hebei province have not joined...
View ArticleU.S. House approves limits on investigating banks for fraud ties
WASHINGTON (Reuters) - The U.S. House of Representatives passed legislation on Thursday that would curb a Justice Department initiative aimed at cutting off perpetrators of fraud from the banking...
View ArticleChinese clubs are spending exorbitant amounts to buy the best soccer players...
Chinese soccer clubs have gone on a buying spree, bidding for and signing some of the best players in the world for exorbitant amounts. In late January, British Premier League club Chelsea sold...
View ArticleFoxconn offers to invest around $5.6 billion in Sharp: sources
TAIPEI (Reuters) - Taiwan's Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said.Sharp...
View ArticleDollar nurses losses as payrolls report looms
By Lisa TwaroniteTOKYO (Reuters) - The dollar steadied in Asian trading on Friday but remained on track for weekly losses, as investors braced for U.S. employment figures later in the session for the...
View ArticleAsia edges up on Wall Street gains, dollar wobbles before U.S. jobs data
By Shinichi SaoshiroTOKYO (Reuters) - Asian equities edged up on Friday, taking early inspiration from an overnight rise on Wall Street, while the dollar wobbled ahead of the closely watched U.S. jobs...
View ArticleU.S. crude prices steady in thin Asian trading ahead of Lunar New Year
By Henning GloysteinSINGAPORE (Reuters) - U.S. crude oil futures were steady in lackluster early Asian trading on Friday as liquidity faded ahead of the Lunar New Year holiday across large parts of the...
View ArticleThe future of the bank branch is in trouble — here's why
Millennials are increasingly turning to digital banking channels to perform their banking activities, and they're visiting their banks' branches less often than ever before. The behaviors and...
View ArticleA Ferrari that split in half in a high-speed crash has been completely...
In 2006, a rare $650,000 Ferrari Enzo split in half in a devastating wreck along Pacific Coast Highway in Malibu, California. Local and national news media were all over the story.News helicopters...
View Article'Enough is enough': Hillary Clinton tells Bernie Sanders to stop smearing her...
During the Thursday-night Democratic presidential debate, former US Secretary of State Hillary Clinton confronted her chief primary rival over his constant criticism of her ties to Wall Street.US Sen....
View ArticleExclusive: State Street nears deal for GE's asset management arm - sources
By Mike Stone(Reuters) - State Street Corp is nearing a deal to acquire General Electric Co's $115 billion asset management business, according to people familiar with the matter, as the U.S....
View ArticleU.S. job growth likely slowed in January
By Lucia MutikaniWASHINGTON (Reuters) - U.S. employment gains likely slowed in January as the boost to hiring from unseasonably mild weather faded, but an expected rebound in wages and a steady jobless...
View ArticleHonda to recall more cars in Japan due to Takata airbag issue
TOKYO (Reuters) - Honda Motor Co <7267.T> on Friday said it was recalling about 443,000 vehicles including its Fit compact cars in Japan over potentially faulty air bags manufactured by Takata...
View ArticleU.S. banks targeted by activist investors on merger wave hopes
By Michael Flaherty and Mike Stone(Reuters) - Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate...
View ArticleArcelorMittal plans $3 billion capital increase
BRUSSELS (Reuters) - ArcelorMittal , the world's largest steelmaker, said on Friday it planned to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining...
View ArticleThe 10 most important things in the world right now
Good morning! Here's what you need to know on Friday.1. Support for Britain leaving the European Union has gained support since David Cameron published his draft EU deal. In the latest YouGov poll,...
View Article10 things you need to know in markets today
Good morning! Here's what you need to know in markets on Friday.Rival toymakers Hasbro and Mattel have had talks about merging, Bloomberg reports. Hasbro, which makes Furby and My Little Pony,...
View ArticleVolvo braces for U.S. slowdown as fourth-quarter profit just lags
STOCKHOLM (Reuters) - Global truck maker Volvo forecast a steeper slowdown in the North American heavy-duty truck market this year and said it would cut production there after posting a slightly...
View ArticleTesla is getting crushed — again (tsla)
Tesla shares are down 9%, to $160, as we head into the end of the trading session on Friday.That's the lowest point the stock has hit in a year.The electric-car maker reports fourth-quarter and...
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