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25 Percent Stake in Hilton for $6.5 Billion to be Bought by China's HNA

About 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc would be bought over by Chinese aviation and shipping conglomerate HNA Group.   The Chinese company said this on Monday.   The Chinese company would buy the shares from Blackstone Group LP which is the...

Even as Shares Fall, Time Warner Deal Clearances Expected by AT&T CEO

Even as investors showed skepticism by pushing shares of both companies lower, AT&T Inc Chief Executive Randall Stephenson said that he expects the planned $85.4 billion acquisition of Time Warner Inc to receive regulatory clearances.   He was speaking to investors on Monday when he said...

Global Risks for Airbnb Highlighted by New NYC Law and San Francisco Lawsuit

A reckoning is faced by Airbnb, the online lodging service that investors now believe is worth $30 billion.   The simmering tensions that were generated as the company clashed with local public officials seeking to minimize the impact of short-term rentals on neighborhoods and urban housing...

LG Chem Batteries for its New Phones Being Considered by Samsung

Following a safety scandal that led to the withdrawal of Samsung's Galaxy Note 7 phones, Samsung Electronics is taking no chances.   While reports suggested earlier that it had replaced its former battery suppliers, latest media reports, quoting sources familiar with the matter, said that...

To Calm Fears about Spy 'Back Doors', Microsoft to Show Code in Brazil

In an attempt to allay suspicions in the region that its software programs are vulnerable to spying, Microsoft Corp opened a center in Brazil on Wednesday where officials will be able to inspect its programming code as the company is still being stung by accusations that it installed "back doors"...

Google in Talks with Others on Web TV, Signs Agreement with CBS: Reuters

Reuters reported on Wednesday that Alphabet Inc's Google is in advanced talks with 21st Century Fox, Walt Disney Co and Viacom Inc to distribute their channels through its web service.   People with knowledge of the talks also told Reuters on Wednesday that Google has reached an agreement...

Announcements of Plans to Reorganize, Slow Production Workforce Helps Harley-Davidson Stocks to Soar

As the market shrugged off sluggish U.S. retail motorcycle sales, shares in Harley-Davidson Inc  jumped more than 9 percent.   After the company announced plans to reorganize and reduce its workforce during the fourth quarter and streamline its operation in a move that will cost the...

Nerves Jangle as Annual Review Looms at Crisis Hit Samsung

At the South Korean firm's annual performance review, executives wait to see if their work over the year is rewarded with promotion and hence the next few weeks are traditionally a tense time at Samsung Electronics Co.   As the year-end ritual comes on the heels of the debacle over Samsung's...

Collaboration on Solar Manufacturing between Tesla and Panasonic

To manufacture solar cells and panels at a New York factory, Elon Musk's Tesla Motors would collaborate with its longstanding battery partner, Japan's Panasonic Corp, the car maker said.   The electric car maker said in a statement issued late on Sunday that the  agreement, a...

With New Music Streaming Service, Amazon Challenges Apple and Spotify

Accelerating the industry trend toward more flexible pricing after years of sticking to $9.99 subscriptions, Amazon.com Inc launched a full-fledged music streaming service with subscriptions as low as $3.99 per month for owners of its Amazon Echo speaker.   Similar to Spotify and Apple...

Ericsson Profits Plunge 94 Percent Deepening its Crisis

Tumbling sales at Ericsson’s core networks division and a 94 percent plunge in quarterly operating profit deepened the crisis at the world's biggest maker of mobile network equipment. The company reported the profit plunge percentage on Wednesday.   After the Swedish company missed analysts'...

Ford's Australian Manufacturing Business Comes to an End

Marking the end of Ford's 91-year history of car-making in a country that simultaneously fell out of love with big cars and manufacturing, the last Australian-made six-cylinder Ford Falcon rolled off an assembly line earlier last week end.   A move by the famed car company to close in Japan...
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