Business

LeEco founder Jia Yueting fails to comply with order to return to China

The founder of embattled Chinese technology start-up LeEco has failed to observe an order through local regulators to return to the mainland to tackle financial problems at the company’s Shenzhen-listed unit. The order, issued by the China Securities Regulatory Commission last Monday, had instructed LeEco founder Jia Yueting to return to China before Dec. 31 to deal with arrears owed ...

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With Disney deal looming, Murdoch’s empire is usually fractured

LOS ANGELES — In late summer, Verizon Communications came to Rupert Murdoch which has a surprise acquisition offer. Verizon — locked in battle with AT&T, which was then finalizing its $85.4 billion takeover of Time Warner — wanted to buy pieces of 21st Century Fox, Mr. Murdoch’s television in addition to film conglomerate. Representatives of the two companies secretly met ...

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Caterpillar’s $2 billion tax fight with the IRS could change how US companies do business

Caterpillar Inc. has long used a subsidiary in Geneva, Switzerland, called Caterpillar SARL, to process sales along with profits for international orders, along with the IRS wants the heavy-machinery maker to pay a $2 billion tax bill on that will business, according to The Wall Street Journal. Although the company maintains that will its Swiss strategy, which results in an ...

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Compass Group chief, 5 others dead in Sydney seaplane crash

Matthew Lloyd | Bloomberg | Getty Images Richard Cousins, chief executive officer of Compass Group Plc, gestures during an interview in London, U.K., on Wednesday, Oct. 1, 2014. The U.K. economy grew faster than estimated from the second quarter, extending a recovery via a recession of which was not as severe as previously thought. The CEO of Compass Group Plc ...

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Traveling with legal marijuana coming from California airports will be ‘gray area’

Starting completely new Year’s Day, the sale of marijuana for recreational use will be permitted in California, the country’s most populous state. What does in which mean for air travelers who try to bring little amounts of marijuana with them? in which will be a conundrum for the state’s airports, which are locally owned along with operated however are subject ...

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Putin voices wish for cooperation with US in letter to Trump

In a fresh Year telegram to U.S. President Donald Trump, Russia’s President Vladimir Putin says a constructive dialogue between the two nations will be essential for global stability. The Kremlin said Saturday which Putin emphasized in his Seasons Greetings to Trump which Russia in addition to the U.S. could develop a “pragmatic cooperation aimed at long-term perspective” on the basis ...

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Democrats desire to use tax overhaul as a club against GOP

A Democratic congressional candidate outside Philadelphia calls the Republican tax overhaul a “cynical bill” which will redistribute wealth upward. One of her counterparts in California dismisses estimates of tax savings for most U.S. households in addition to says the legislation is usually “just putting money inside the pocket of the wealthy.” in addition to in Kansas, a Democratic candidate for ...

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Retail is usually changing, brand-new experiences come to America’s malls in 2018

Malls are getting makeovers — so much so they might not be called malls anymore, or you might do a double take next time you stroll through one. U.S. retail landlords including Simon Property Group, General Growth Properties, Macerich along with Taubman, which own some of the most profitable malls in America, are focused on redeveloping their properties along with ...

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