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  • SAN FRANCISCO, Jan 21- EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year. The jobs will be cut across the marketplace, payments and enterprise divisions, eBay said on Wednesday...

  • *Deal to help Dalian diversify, expand in entertainment. BEIJING, Jan 21- China's biggest property conglomerate, Dalian Wanda Group Co, has bought 20 percent of Spanish soccer champions Atletico Madrid for 45 million euros, becoming the first Mainland company to invest in a premier European club. Under terms of the investment, Dalian will spend an additional 15...

  • MOSCOW, Jan 21- Russia's second-biggest grocery chain X5 Retail Group said on Wednesday higher food inflation had increased the average customer spend in its stores as it reported a 20.8 percent rise in sales in the fourth quarter. Its low-cost Pyaterochka stores attracted more shoppers but its supermarkets and hypermarkets saw lower numbers because of an...

  • *Dalian Wanda to buy 20 percent stake for 45 mln euros. Dalian Wanda said it had agreed to buy a 20 percent share in Atletico, as China's biggest property group seeks to expand overseas and diversify its business away from a weak domestic real estate market. Dalian Wanda is the parent of Hong Kong- listed Dalian Wanda Commercial Properties Co Ltd..

  • Fox loses U.S. copyright claims over Dish ad-skipper Tuesday, 20 Jan 2015 | 7:50 PM ET

    Jan 20- A U.S. judge has rejected portions of Twenty-First Century Fox Inc's lawsuit seeking to stop Dish Network Corp from selling devices that let viewers skip over commercials when playing back shows. District Judge Dolly Gee in Los Angeles rejected copyright claims that Fox had brought over the Hopper, Dish's digital recording device.

  • Jan 20- Casino operator Wynn Resorts Ltd has slashed Chief Executive Steve Wynn's salary to $2.5 million per year from $4 million, a regulatory filing showed. Wynn, 72, is worth $3.5 billion, according to Forbes magazine. He will also now have to pay to use the company jet for personal purposes, though the filing outlined a $250,000 credit per year that he will...

  • MEXICO CITY, Jan 17- China Telecommunications Corporation, the parent of China's third-largest carrier, is studying a possible investment in Mexico, a company spokesman said on Saturday, a day after Reuters reported that the subsidiary is preparing a possible bid for Mexico's new $10 billion mobile broadband network. The spokesman for subsidiary China...

  • China Telecom studying Mexico investment - spokesman Saturday, 17 Jan 2015 | 1:21 PM ET

    MEXICO CITY, Jan 17- China's third-largest carrier China Telecom is studying a possible investment in Mexico, a company spokesman said on Saturday, a day after Reuters reported that it is preparing a possible bid for Mexico's new $10 billion mobile broadband network. The spokesman for subsidiary China Telecom Corporation Ltd. did not comment directly on the...

  • NEW YORK, Jan 16- Electric utilities in the United States can expect an extra $12 billion a year in annual revenue by 2030 as heat waves increase the demand for air conditioning. Although environmental groups say the SEC has not enforced that requirement rigorously enough, many companies' regulatory filings describe how climate change threatens their...

  • Elderly billionaire does pushups faster than you Friday, 16 Jan 2015 | 2:17 PM ET
    Jim's 75th birthday pushup.

    Jim Thompson, the founder and chairman of Crown Worldwide, celebrated his birthday with pushups.

  • MEXICO CITY, Jan 16- China's third-largest carrier China Telecom is preparing a possible bid for a contract to build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge of the matter said. It has already secured up to several billion dollars of financing from Chinese...

  • KUALA LUMPUR, Jan 15- Malaysia's second-richest man, Ananda Krishnan, is in talks with state firm 1 MDB to become a cornerstone investor in a long-delayed, $3 billion listing of its power assets, two people familiar with the matter said on Thursday. The reclusive billionaire, who owns holdings in many of Malaysia's biggest listed firms, is considering taking at...

  • BOGOTA, Jan 14- Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China. Colombia is the first nation in Latin America and the fourth in the world to receive the new Internet.org...

  • "It's an absolutely remarkable result for a year that saw so much tumult in the gaming market," said Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming Hospitality and Tourism at Stockton College. Four casinos in Atlantic City closed in 2014. A fifth, Trump Entertainment's Taj Mahal, narrowly averted closing and remains in bankruptcy.

  • UPDATE 1-Carlos Slim becomes top NY Times shareholder Wednesday, 14 Jan 2015 | 6:11 PM ET

    Jan 14- Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent. New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011.. New York Times intends to use cash proceeds of about $101.1 million to buy back...

  • Carlos Slim becomes NY Times largest shareholder Wednesday, 14 Jan 2015 | 5:19 PM ET

    Jan 14- New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. Entities affiliated with Slim exercised warrants to acquire nearly 15.9 million shares of Class A common stock at $6.3572 per share. The New York Times Co is controlled by the Ochs-Sulzberger family through...

  • Jan 14- Shipper Navigator Holdings Ltd expects continued demand for petrochemical gases in the fourth quarter to make up for a fall in liquefied petroleum gas shipments caused by the slump in oil prices, a senior executive told Reuters. But the 60 percent drop in global crude prices since June has squeezed opportunities for traders to profit from moving LPG...

  • Threat of debt writedowns hovers over Ukraine Wednesday, 14 Jan 2015 | 12:46 PM ET

    LONDON/ KIEV, Jan 14- The collapse in Ukraine's hard currency reserves to just enough to cover five weeks of imports is threatening big government debt writedowns, rather than mere maturity extensions, being needed to put the country on its feet. A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows.

  • MADRID, Jan 12- George Soros bought into a fundraising by Santander last week, a source familiar with the matter said on Monday, in the latest bet by the U.S. billionaire on Spanish banks and companies trying to ride an economic recovery. Soros Fund Management took part in Santander's 7.5- billion-euro share sale, completed over several hours last Thursday, with a...

  • BEIJING, Jan 12- China's biggest movie theatre operator Wanda Cinema Line Corp is seeking to raise 1.26 billion yuan through an initial public offering, scaling back its original listing plan, people with knowledge of the matter said. The chain controlled by Dalian Wanda Commercial Properties Co. Chairman Wang Jianlin, one of China's richest men, had planned to...