Business

Alibaba takes control of film group in $160 million share purchase

Alibaba takes control of film group in $160 million share purchase

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The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song BEIJING (Reuters) - Alibaba Group Holding Ltd (BABA.N) said on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures (1060.HK) to 51 percent, taking control of…
Stocks extend decline as trade woes batter sentiment
Huawei CFO seeks bail on health concerns; Canada wants her in jail
Hong Kong on track for global IPO crown but many new listings sag
Huawei CFO seeks bail, cites health fears behind bars: court documents
Uber makes confidential filing for long-awaited IPO

Uber makes confidential filing for long-awaited IPO

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NEW YORK/SAN FRANCISCO, (Reuters) - Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. The ride-hailing company filed the confidential paperwork on Thursday,…
Red-hot U.S. jobs market drives some to seek cooler options

Red-hot U.S. jobs market drives some to seek cooler options

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POCATELLO, Idaho (Reuters) - When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to move the portable solar battery maker to his home base of Salt Lake City so he could build it with easy access to Silicon Slopes’ tech talent and venture capital. Sean Luangrath, CEO Inergy Solar,…
Julius Baer in talks with Santander over Venezuela business: sources

Julius Baer in talks with Santander over Venezuela business: sources

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ZURICH (Reuters) - Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain’s Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. FILE PHOTO: Logo of Swiss private bank Julius Baer is seen at an office building in…