Business

China's LeEco founder cedes control of listed unit amid cash crunch

China's LeEco founder cedes control of listed unit amid cash crunch

Former Lenovo exec Liang Jun is taking over the CEO position. The management shake-up in LeEco's Shenzhen-listed arm is a signal that investors are getting impatient for a turnaround at the financially beleaguered Chinese internet company, despite a US$2 billion cash injection from investors at the beginning of the year, according to analysts.



Merkel and Macron agree to draw up roadmap to deeper European Union integration

The 46-year-old lawmaker, largely unknown to voters, is a member of the mainstream-right Republicans party. Germany's stance that the United Kingdom can't access the European Union's single market without accepting its free-movement principles will be shored up by a like-minded leader in Paris, Michael Fuchs, a deputy parliamentary caucus chief of Merkel's Christian Democrat-led bloc, said in a Bloomberg Television interview on Tuesday.


Ford is replacing CEO Mark Fields with another exec

Ford is replacing CEO Mark Fields with another exec

The report adds that Jim Hackett - 62, head of the the carmaker's "smart mobility" division, former Steelcase CEO and a favorite of Ford executive chairman Bill Ford Jr - will replace Fields. Hackett also served as the interim athletic director at the University of MI from 2014 to 2016. Ford's USA sales are down this year in part because it doesn't have offerings in popular segments like subcompact SUVs and midsize pickups.


Brazil's President Refuses to Resign Amid Corruption Scandal

Brazil's President Refuses to Resign Amid Corruption Scandal

By Friday afternoon, O Globo , the flagship paper of Brazil's largest media company, was calling for Mr Temer's resignation, delivering a significant blow to his prospects of survival. The conversation, which was provided to prosecutors as part of a plea bargain with Batista, is now in evidence with the Supreme Court. Both have in the past denied any involvement in corrupt activities, and Mr.



What is Recommendation from Analysts on GlaxoSmithKline plc (ADR) (NYSE:GSK)?

This was released in an analyst report on Friday morning. Mraz Amerine & Associates Inc acquired 17,677 shares as Sabine Royalty Tr (SBR)'s stock 0.00%. Bovis Homes Group plc ( LON:BVS ) traded up 0.33% during trading on Tuesday, hitting GBX 917.50. Cornerstone Advsrs Inc reported 0.06% in Close Brothers Group plc (LON:CBG).


In Saudi Arabia, Trump Avoids Pointing to Human Rights Failings

In Saudi Arabia, Trump Avoids Pointing to Human Rights Failings

Trump touched it in prayer and, adhering to tradition, placed a note in a deep crevice. "We thought it was a fantastic idea", Kim said . Tillerson referred to the visit as "a moment in time" and suggested that the USA would take a more active role in the future in brokering a deal if both sides make serious commitments.