Amazon.com Inc's (AMZN.O) once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday.
Tags: China
Xiaomi moves into third place in global smartphone war
China's Xiaomi Inc has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study.
Alibaba's Ma says open to working with Apple on payments
Alibaba Group Holdings Ltd (BABA.N) executive chairman Jack Ma said he's open to working with Apple Inc (AAPL.O) on mobile payments, as China's richest person prepares to call on Hollywood this week in search of media partners.
China trainmakers CSR, CNR in talks to merge: state media
China's top trainmakers, China CNR (601299.SS)(6199.HK) and CSR Corp (601766.SS)(1766.HK), are planning to merge as the country aims to promote its high-speed train technology abroad, the China Securities Journal reported on Tuesday.
China bans private clubs in parks, historical buildings in graft crackdown
China has banned private clubs in historical buildings, parks and other public facilities because they are hindering the fight against corruption, state media said on Monday, as the government broadens its anti-graft and frugality campaigns.
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China said on Friday it would donate 500 million yuan ($82 million) to Liberia, Sierra Leone and Guinea to battle Ebola, its largest round of aid to help contain the spread of the deadly virus.
Ford Motor Co's (F.N) new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash.
NBA rumors surrounding Jordan Crawford who snubbed the NBA and an offer from the Sacramento Kings because he wasn't comfortable with a backup role.
A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.
The yen languished at two-week lows against the dollar early on Friday, having come under renewed pressure overnight after an encouraging rally on Wall Street dampened demand for the safe haven currency.
Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.
Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.
Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.
Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.
