Harley CEO asks investors for patience as sales, stock slide

Harley-Davidson Inc’s CEO, Matt Levatich. Photo: ReutersTo Harley-Davidson Inc’sinvestors, its chief executive has a simple message - be patient with his strategy to turn around the slump in demand for its iconic motorcycles.In an interview with Reuters, Matt Levatich said the company is not exploring a merger with a rival or a private equity buyout, as some investors have speculated.Instead,

Beleaguered gun maker Remington points to bankruptcy court

Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection.The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said Monday

Stocks make more gains following worst week in 2 years

U.S. stocks are posting solid gains Monday as technology and energy companies recover some of their recent losses. Banks, retailers and industrial companies are also climbing. Stocks rose Friday but still wound up with their worst week in two years following several days of turbulence. Europe markets are also rallying.KEEPING SCORE: The Standard & Poor’s 500 index gained 21 points,

Israeli start-ups turn from US to Asia for vast funding, market potential

A man flies a miniature drone at the OurCrowd Global Investor Summit in Jerusalem, Israel on Thursday. Photo: ICIsraeli start-ups are beginning to turn their attention to the Asian market, especially to China and India, due to the region's quickly expanding middle-class demographic."Among the $650 million we raised in 2017, half came from Asia," said Roland Wee, managing director of

Alibaba signs deal to offer Disney shows on video platform

Alibaba Group Holding Ltd’s entertainment arm has signed a licensing agreement with Walt Disney Company in a deal that will provide the Chinese group’s Youku video streaming platform with the largest Disney animation collection in China.Alibaba said in a press release on Monday that the multi-year licensing agreement signed between Alibaba Digital Media and Entertainment Group and Disney subsidiary Buena

Europe's A400M army plane may see some features axed

An aerial view of an Airbus A400M aircraft during the 52nd Paris Air Show at Le Bourget Airport near Paris, France, June 21, 2017. Photo: Reuters/Pascal RossignolEurope’s new troop transporter may never go into battle with all the promised military capabilities after buyers of the A400M agreed to let Airbus negotiate an opt-out for features deemed too difficult to build.A

US Consumer Financial Protection Bureau aims for more restraint

White House budget director Mick Mulvaney speaks at a news briefing at the White House in Washington, US, at the first day of the Government shutdown, January 20, 2018. Photo: Reuters/Yuri GripasThe US Consumer Financial Protection Bureau will pull back its activities and seek to promote a free market for financial services, according to a memo obtained by Reuters on

Renault enters esports with an eye on virtual F1

Renault announced its entry into the world of esports on Monday and said it was also targeting the virtual Formula One championship.The French car manufacturer, which has its own F1 team that last won titles in 2006, said it had joined forces with France’s Team Vitality to compete in a program of motorsport-based competitions.Renault Sport Team Vitality will participate in

Top 10 Chinese cities by GDP in 2017

China's economy achieved 6.9 percent annual growth in 2017, with its gross domestic product totaling 82.7 trillion yuan.Shanghai became the first Chinese city to have a GDP of over 3 trillion yuan in 2017, according to data released by the local government.Here are the 10 cities with the best performance in terms of GDP in 2017. No 10

Snapchat redesign sparks backlash among some users

The latest app redesign at youth-focused social network Snapchat has sparked a revolt by some of its usersSnapchat's latest app redesign, aimed at broadening the appeal of the youth-oriented social network, sparked a backlash from many users complaining about the abrupt overhaul of their preferred service.More than 578,000 users had signed an online petition by midday Monday calling on parent

Audi to launch 7 new energy vehicle models in China by 2020

The Sino-German auto joint venture FAW-Volkswagen will roll out seven new Audi models of new energy vehicles in China by 2020, the company said Sunday.

CSRC questions Foxconn legality - Global Times

FILE PHOTO: The logo of Foxconn. Reuters photoThe China Securities Regulatory Commission (CSRC) has raised questions as to the business validity of Shenzhen-based Foxconn Industrial Internet Co, following the firm's recent application to get listed on the Shanghai Stock Exchange. Concerning Foxconn's prospectus, the CSRC on February 9 raised an array of questions, focusing on whether Foxconn's business is operated

China's winter sports industry set to boom

While bidding for the right to host the Winter Olympics, Beijing solemnly promised the international community to set an example for the development of winter sports.

GDP comparison chart of China, developed countries a fabrication: NDRC - Global Times

A widely disseminated online chart comparing GDP by expenditure of China and major developed countries is false and represents a "sheer fabrication," a Chinese official said on Sunday.

Global Shares try to steady, bonds fret on US inflation

A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru HanaiAsian share markets were struggling to find their footing on Monday as investors fretted about the risks from looming US inflation data, although early gains on S&P futures offered a sliver of support.MSCI's broadest

Disneyland raises ticket price as much as 18 pct

Photo: XinhuaThe Disneyland Resorts Sunday raised tickets prices at Walt Disney World in Orlando and at Disneyland in California for most admissions, with annual pass hiking as much as 18 percent.According to the new price list released by the company on its official website, daily tickets for California Adventure, a Disneyland theme park located in Anaheim, 40 kilometers east of

Credit Suisse hit by US lawsuit over writedowns

The logo of Swiss bank Credit Suisse is seen at a branch in Winterthur, Switzerland November 2, 2017. REUTERS/Arnd WiegmannCredit Suisse faces a U.S. class action lawsuit over $1 billion in writedowns it took in 2015 and 2016 linked to its trading division, Swiss newspaper SonntagsZeitung reported on Sunday, but the Swiss bank said the case was “without merit”.Starting in

Bond vigilantes awaken counterparts in the stock market

A specialist trader works at his post on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 9, 2018. REUTERS/Brendan McDermidBond vigilantes could be finding allies in the stock market.With inflation fears back in vogue and the U.S. budget deficit seen ballooning, vigilantes have stormed fixed income trading floors and seem to be cropping up

IMF's Lagarde says market swings aren't worrying, but wants reforms

Christine Lagarde, Managing Director of the International Monetary Fund, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis BalibouseSharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund

Takata, injured drivers reach deal to end US bankruptcy

The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. Picture taken February 9, 2017. REUTERS/Toru HanaiTakata Corp’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell

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