Author: WallStreetReview

Hundreds sign online petition supporting woman suing JD.com CEO in rape case

WallStreetReview
Hundreds sign online petition supporting woman suing JD.com CEO in rape case
SHANGHAI (Reuters) – Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc. FILE PHOTO: JD.com founder Richard Liu attends a Reuters interview in Hong Kong, China June 9, 2017. REUTERS/Bobby... Read More

U.S. intelligence says Huawei funded by Chinese state security: report

WallStreetReview
U.S. intelligence says Huawei funded by Chinese state security: report
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song The CIA accused... Read More

Tesla to shrink board to seven directors from 11

WallStreetReview
Tesla to shrink board to seven directors from 11
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice... Read More

Exclusive: Tereos still searching for wider funding – sources

WallStreetReview
Exclusive: Tereos still searching for wider funding – sources
(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout) FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Origny-Sainte-Benoite, France, March 20, 2019. REUTERS/Benoit Tessier/File Photo By Sybille de La Hamaide PARIS (Reuters) –... Read More

Boeing 737 MAX joint governmental review will begin April 29: FAA

WallStreetReview
Boeing 737 MAX joint governmental review will begin April 29: FAA
FILE PHOTO: A 737 Max aircraft is pictured at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo WASHINGTON (Reuters) – The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world.... Read More

Venezuela congress to weigh 2020 PDVSA bond payment next week

WallStreetReview
Venezuela congress to weigh 2020 PDVSA bond payment next week
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela... Read More

Will the Benettons use Alitalia to fly in from the cold?

WallStreetReview
Will the Benettons use Alitalia to fly in from the cold?
MILAN/ROME (Reuters) – Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said. FILE PHOTO: An Alitalia Airbus A320-200 airplane comes in to land at Fiumicino airport in Rome, Italy October... Read More

SEC fines Prosper Funding $3 million for overstating net returns to investors

WallStreetReview
SEC fines Prosper Funding $3 million for overstating net returns to investors
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.... Read More

U.S. homebuilding near two-year low; permits extend decline

WallStreetReview
U.S. homebuilding near two-year low; permits extend decline
WASHINGTON (Reuters) – U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates. FILE PHOTO: A construction worker builds a single family home in San Diego, California, U.S. February 15, 2017. Picture taken February 15, 2017. REUTERS/Mike Blake The... Read More