Business

SINA Corp Releases First Quarter 2016 Financial Results

Ellie Froilan   | May 11, 2016 11:20 PM EDT

SINA Corporation has released its unaudited financial results for the first quarter ended March 31, 2016. read more

Otis to Build World's Tallest Elevator Test Tower and R&D Center in Shanghai

Charissa Echavez   | May 12, 2016 07:47 AM EDT

Elevator maker Otis is set to build the tallest elevator test tower in the world in Shanghai as part of its latest research and development facility, the company said on Tuesday, May 10. read more

Fininvest, Chinese Investors in Exclusive Negotiations over AC Milan Sale

Charissa Echavez   | May 11, 2016 11:10 AM EDT

Berlusconi's family holding company Fininvest revealed on Tuesday that is in exclusive talks with a consortium of Chinese investors over the acquisition of Italian Serie A soccer club AC Milan. read more

Bath & Body Works Brings Back Nostalgic Favorite Scents of the 90s

Charissa Echavez   | May 10, 2016 05:55 PM EDT

Fragrance company Bath & Body Works is restocking its shelves with throwback scents from the 1990s, Glamour revealed on Monday. read more

Mitsubishi may be Strategic for Acquisition: Report

Charissa Echavez   | May 10, 2016 03:18 PM EDT

Following Mitsubishi's admission of complicity in the mileage scandal, there may be a window of opportunity for Chinese firms to acquire the Japanese automaker now that its market value significantly plunged. read more

Shanghai Disneyland to Boost Growth of Other Business Sectors

Charissa Echavez   | May 10, 2016 07:44 AM EDT

With Shanghai Disneyland's opening day drawing closer, an analyst has noted that the new theme park will not only positively affect the city's real estate and transportation industries, but also retail, catering, and hospitality businesses. read more

Didi Kuaidi Boosts Security Features in Response to Shenzhen Tragedy

Rina S.   | May 10, 2016 03:08 PM EDT

Chinese ride hailing app Didi Kuaidi has announced the addition of an emergency button to its app to increase the safety feature of its service. The company is also planning to add a face-recognition system to ensure that a driver is the same person registered on its platform. read more

JAB Holdings Acquires Krispy Kreme for $1.35 Billion

Ellie Froilan   | May 10, 2016 03:28 AM EDT

A subsidiary of JAB Holding Company plans to acquire Krispy Kreme Doughnuts, closing the deal in the third quarter of the year. read more

Shocking: Henry Ford II’s Heirs May Not Get a Dime from His Wealth at All. Here’s Why

Christian George Acevedo   | May 09, 2016 09:42 PM EDT

The stepdaughters of the late automobile heir Henry Ford II are worried they won’t get a dime of his $350 million fortune. Why? Because their mom’s lawyer is keeping Debi and Kimberly away from her. Kathleen DuRoss Ford, whose health is believed to be frail already, only speaks to her daughters via a conference call and her lawyer L. Frank Chopin is always around. read more

Facebook Wins Intellectual Property Case Against Chinese Company

Charissa Echavez   | May 09, 2016 11:16 AM EDT

Facebook won a copyright infringement case late last month against a Chinese beverage company with the registered brand name "face book" or "lian shu." read more

You'll Be Surprised to Learn How Much Marissa Mayer Will Get if Fired from Yahoo!

Christian George Acevedo   | May 08, 2016 09:39 AM EDT

CEO Marissa Mayer has nothing to worry about in case Yahoo!, Inc. gets sold and the new owners decide to fire her. After all getting almost $55 million in payout isn’t really a bad deal. read more

After Brief Recovery in March, China’s Exports Declines Marginally in April

Girish Shetti   | May 08, 2016 07:40 AM EDT

China's exports declined marginally in April as weak global demand continues to weigh on the export industry of world's second largest economy. read more

Shanghai Disney Promises Safe and Quality Services As Theme Park Gears Up for June 2016 Opening

Jenia Cane   | May 07, 2016 11:59 PM EDT

Shanghai Disneyland will provide safe and high-quality service to its guests, as the US-based theme park gears up for its much-anticipated opening on June 16. read more

China to Test-Run its 1st Hybrid Train as Nation Shifts to Fully Non-Electrified Systems

Jenia Cane   | May 07, 2016 10:49 PM EDT

China will conduct a trail run of its first hybrid train next month as the Chinese Government continues to modernize the nation's railway system. read more

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