The price of Musk cutting off analysts? For Tesla, it’s $2 billion
SAN FRANCISCO (Reuters) – Ducking analysts’ questions has a price: $2 billion.
China’s Xiaomi files for mega Hong Kong IPO, lifts lid on financials
BEIJING (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday, in what is expected to be the largest listing by a Chinese tech company in almost four years.
The price of cutting off analysts? For Tesla, it’s $2 billion
SAN FRANCISCO (Reuters) – Ducking analysts’ questions has a price: $2 billion.
China’s Xiaomi files for IPO; FY17 revenue jumps 68 percent
BEIJING (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday, in what is expected to be one of the largest listings by a Chinese tech company in almost four years.
Asia shares shackled by trade tensions, dollar stays firm
SYDNEY (Reuters) – Asian shares were subdued on Thursday ahead of anxiously-awaited Sino-U.S. trade talks, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this year.
Spotify hits wrong note with new customer forecast
LONDON/BENGALURU (Reuters) – Spotify Technology SA missed the beat on Wednesday. The streaming music leader fell short of investor hopes that it could turn free music listeners into paying subscribers at a faster clip, and its shares dropped as much as…
U.S. judge approves gun maker Remington’s bankruptcy plan
NEW YORK (Reuters) – Weapons manufacturer Remington Outdoor Company Inc won approval for its bankruptcy plan on Wednesday, paving the way for the company to slash debt, boost its cash position and better weather the uncertain climate for firearms in th…
U.S. investment house backs changes at Australia’s scandal-hit AMP: Fairfax
SYDNEY (Reuters) – The largest shareholder in Australia’s AMP Ltd , U.S. investment house Harris Associates, supports the ouster of top executives after damaging revelations of misconduct at the wealth manager, Fairfax Media reported on Thursday.
Jaguar appoints new manufacturing chief to transform plants for electric future
LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) is replacing its director for manufacturing as it prepares its plants for an electrified future, the firm said on Thursday.
Cambridge Analytica and British parent shut down after Facebook scandal
(Reuters) – Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent SCL Elections Ltd, are shutting down immediately after suffering a sharp drop in business, the company said on Wedn…
