The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...» Read More
TORONTO, Nov 12- Barrick Gold Corp said on Thursday it will sell its stake in four non-core assets in Nevada for $720 million, putting the Canadian mining firmly on track to meet its 2015 debt-reduction target amid a multi-year slump in gold prices. The world's largest gold producer will sell its 50 percent interest in the Round Mountain mine and 100 percent of the...
Nov 11- Department store operator Macy's Inc cut its full-year sales and profit forecasts on Wednesday and said it would not follow an activist investor's suggestion to form a real estate investment trust, sending its shares down nearly 13 percent. Starboard Value had urged Macy's in July to consider spinning off its real estate assets, valuing them at about...
Christoph Rieche, CEO of business lender IWOCA, explains how European businesses can buy stock on Alibaba's platforms from Chinese suppliers and receive IWOCA trade finance
Jean-Claude Biver, Hublot chairman and Tag Heuer CEO, discusses partnering with Google and Intel for a smartwatch and the future of wearable tech.
Cisco Systems said it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China.
BEIJING, Sept 24- Cisco Systems Inc said Thursday it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China, where the Silicon Valley firm faces political pressure and declining sales. Cisco and Inspur said they would invest $100 million in the project, although they offered few other details.
CHICAGO, Sept 22- Invention start-up company Quirky Inc, backed by a string of venture capital funds, has filed for Chapter 11 relief and put its smart home platform Wink up for sale, court filings showed on Tuesday. Quirky raised $175 million in equity from investors including RRE Ventures, Northwest Venture Partners, Andreessen Horowitz and affiliates of...
SEATTLE, Sept 22- Boeing Co Chief Executive Dennis Muilenburg said on Tuesday he sees scope for additional 737 work going to China as the company continues to increase production rates of the single-aisle jetliner, though any changes would not come at the expense of U.S. jobs. "As we ramp up capabilities in China, including additional 737- related work, the actions...
Engineering firm Chiyoda has the credibility and financial clout to increase the competitiveness of Ezra's subsea services business, says Lionel Lee, CEO of Ezra Holdings.
Monsanto sweetened its offer to buy Syngenta, valuing the Swiss company at around $47 billion.
Muzhi Li, senior analyst at Arete Research, says the partnership with Suning Commerce Group shows that JD.com must have done something right and Alibaba is playing catch-up.
Dickie Wong, executive director at Kingston Securities, says the partnership with Alibaba will likely boost Suning Commerce Group's revenue for 2015.
Alan Haft, partner at Kelly-Haft Financial, outlines the benefits of the partnership between Chinese e-commerce giant Alibaba and Suning Commerce Group.
Under Armour and the NBA to announce an expanded partnership for youth program and the Draft Combine. - USA Today
Speaking to CNBC at the CommunicAsia in Singapore, Sunita Kaur, MD for Asia Pacific at Spotify, says piracy is the biggest hurdle for the music-streaming service in Asia.
Bill Shorten, opposition leader in Australia, says the free trade deal presents opportunities in sectors like services. He also discusses Australia's participation in the Asian Infrastructure Investment Bank.
Catherine Novelli, U.S. Under Secretary of State for Economic Growth, Energy and the Environment, says the U.S. supports the Asian Infrastructure Investment Bank's goal in infrastructure development.
Eswar Prasad, Senior Professor of Trade Policy at Cornell University, discusses the improvement in ties between U.S. President Obama and Indian Prime Minister Modi.
Jahangir Aziz, Head of EM Asia Economic Research at JP Morgan, says the breakthrough in long-stalled nuclear talks is a "big huge step forward" in getting U.S. technology into India.
Barack Obama and Narendra Modi unveiled plans of nuclear trade and to deepen defense ties, in hopes of a strategic partnership.