Starbucks ties up with Alibaba for China coffee delivery to revive sales
Starbucks Corp is partnering with Alibaba to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from local coffee start-ups.
Asian shares slide on fresh trade worries, bonds fragile
Asian stocks tumbled on Thursday as the latest escalation in the Sino-U.S. trade war hit Chinese shares, while global bond markets were rattled by increased borrowing by Washington and Japan’s new tolerance for higher yields.
CBS hires law firms to probe Moonves misconduct allegations
CBS Corp said https://bit.ly/2v98mvN on Wednesday law firms Covington & Burling and Debevoise & Plimpton will conduct a full investigation into the allegations about Chairman and Chief Executive Leslie Moonves, CBS News and cultural issues in the company.
Starbucks, Alibaba’s Ele.me forge coffee delivery tie-up in China
Starbucks Corp launched on Thursday a partnership with Alibaba Group’s Chinese food delivery platform Ele.me, in a move to shore up sales in its second-largest market and to battle aggressive competition from local coffee start-ups.
Asian shares face headwinds from fresh trade worries, bonds fragile
Asian stocks were little changed on Thursday, with sentiment fragile after the latest escalation in Sino-U.S. trade war while global bond markets were rattled by Washington’s increased borrowing and Japan’s new tolerance for higher yields.
Lawsuit claims Walmart stole technology to keep produce fresh
Walmart Inc was sued on Wednesday by a Silicon Valley company that accused the largest U.S. retailer of stealing its technology to prolong the shelf life of produce and reduce spoilage.
JPMorgan says it is a subject of SEC probe of ADR abuses
JPMorgan Chase & Co said on Wednesday it is among banks and securities dealers being investigated by the U.S. Securities and Exchange Commission for their handling of so-called “pre-released” American Depositary Receipts (ADR) between 2011 and 2015.
Tesla flags promise of profit as Model 3 production steadies
Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year.
Deal with U.S. on key NAFTA rule closer, Mexico and Canada say
The United States and Mexico are nearing a deal on the key issue of autos content rules at talks to renew the North American Free Trade Agreement, Mexican and Canadian officials said on Wednesday.
Tesla will tap local debt to fund $2 billion Shanghai Gigafactory: Musk
Tesla Inc said on Wednesday that it would raise capital from Asian debt markets to fund the construction of its third “Gigafactory,” which will be located in Shanghai and cost an approximate $2 billion.
