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Record Earning of Tencent Reflects Effect of Its Splurge on Entertainment

Investors’ expectations and a slowing Chinese economy was defied by Tencent Holdings Ltd. helped by its shopping spree on premium content from Game of Thrones to NBA broadcasts.   Tencent Holdings Ltd. splashed out on mobile games and content -- including anything from anime and...

Doors for Silicon Valley being Opened up by Go-It-Alone Hyundai

The fortress mentality at Hyundai Motor Co it being tried to be wrecked by Hwang Seung Ho.   At the Hyundai Motor Group, a sprawling conglomerate with companies spanning industries as diverse as steel, construction and financial services, the Korean automaker is the crown jewel. Hyundai’s...

UK Trustees Back Pension Changes, Rescue Deal for Tata Steel UK Inch Closer

The prospects of a rescue deal for Tata Steel UK have been boosted as the pension scheme can be restructured without entering the Pension Protection Fund (PPF), said the pension trustees behind Tata Steel UK.   A serious obstacle for a rescue deal for Tata Steel UK and the Port Talbot...

Report of Criminal Probe Leads to Fall on Stocks of Valeant and Adds to its Woes

Investor concerns about Valeant Pharmaceuticals International Inc’s past business relationship with a mail-order pharmacy that sold its products emerged in new details about a criminal investigation into the drugmaker led to the shares of the company falling about 11 percent on Thursday.  ...

Uber Tamed by Didi's Cheng Wei – a Chinese Patriot

Last week Uber's China business was bought over by Didi Chuxing – a company owned by Cheng Wei, 34, who was once an assistant to the head of a foot massage firm. This business tycoon had built up the company from his humble beginning and after the takeover of Uber China, the ride-hailing start-up...

As China Sees First Tesla Autopilot Crash, 'Self-Driving' in Spotlight Again

While the driver of a car in China that crashed contended that the sales staff sold the function as 'self-driving', overplaying its actual capabilities, Tesla said on Wednesday that one of its cars had crashed in Beijing while in 'autopilot' mode.   Data from the autopilot mode, a system...

Drug Trial Failure Results in Plunge for Bristol-Myers Partner Ono's Stocks

A lung cancer trial that would have been the basis for widely expanding use of the treatment being conducted by Bristol-Myers Squibb Co. failed which resulted in the fall of Ono Pharmaceutical Co. plunged in Japan trading, the partner in the development of the drug, after the announcement of the...

U.S. Judge Rules that a $1 Billion MF Global Malpractice Lawsuit Must be Faced by PwC

PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit where it was alleged that the October 2011 bankruptcy of MF Global Holdings Ltd was helped by the professional malpractice of the global accounting firm, was rejected by a federal judge.   MF Global Holdings Ltd is a brokerage firm...

$275 million Raised by Deliveroo for Food Delivery Expansion

In a fund raising round that involved early investors in Facebook and Airbnb, Food delivery start-up Deliveroo has managed to raise $275 million as the company seeks to venture into more new markets with its service.   While General Catalyst, which counts Airbnb and Snapchat among its...

Clickbait on Facebbok Faces Down Upon

To reduce the amount of clickbait that users see, Facebook is changing its News Feed algorithm in an attempt to flex its publishing muscles.   Media companies will now have to comply with the site's editorial values or face a fall-off in social media referrals as they become increasingly...

Apple’s Patent Fight with Samsung Makes Designers Come Out in favor of the Former

A group of design industry professionals told the U.S. Supreme Court that the design and look of the iPhone is distinctive which drives people to purchase it and hence Apple Inc deserved the hundreds of millions of dollars in damages from Samsung Electronics Co Ltd that the latter paid for...

Britain’s Plan to Delay $24 Billion Nuclear Deal was Known to EDF Boss: Reuters

In a letter to top executives of the company, before the French utility company EDF’s board voted to approve the investment, its Chief Executive Jean-Bernard Levy knew the British government wanted to take more time to review the Hinkley Point nuclear contract, reports Reuters.   Reuters...
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