Industry
McKesson dismisses 1,600 staffs from US office to preserve its cash level
McKesson is terminating 1,600 staffs from its US division in an effort to trim expenses after some important customers left the company.
Uniform Law For Driverless Cars: Manufacturers Urge Promulgation, Lawmakers Opts For More Scrutiny
Executives of all pioneer manufacturers have called for promulgation of uniform federal law ahead of a hearing of the Senate Commerce Committee on Tuesday. Several states in the US have enacted own law prohibiting the driverless cars which has been cited as the reason for their advocacy. However, lawmakers and analysts prefer more scrutiny before initiating a uniform law.
Shareholders of Citigroup and JPMorgan Will Vote on Potential Breakup
Shareholders of two U.S. prominent banks will vote later this year regarding the breakup plans for the banks. However shareholders are predicted to decline the plan submitted by liberal lobby activist.
Ctrip posts profit in Q4 as demand increases in China
Ctrip reported a 50% increase in its net revenues for the fourth quarter ended December 31, 2015, as demand for online ticketing increases.