Walmart overhauls Jet.com as online business fails to deliver results

Walmart overhauls Jet.com as online business fails to deliver results
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski WASHINGTON (Reuters) – Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an e-commerce retailer it acquired in 2016 for $3.3 billion, and said it no longer needs a dedicated leader to run the online business. Walmart said it... Read More

Jeffrey Gundlach’s DoubleLine launches Income Fund: SEC filings

Jeffrey Gundlach’s DoubleLine launches Income Fund: SEC filings
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is launching a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and Exchange Commission... Read More

Huawei asks Verizon to pay over $1 billion for over 230 patents: source

Huawei asks Verizon to pay over $1 billion for over 230 patents: source
WASHINGTON (Reuters) – Huawei Technologies Co Ltd has told Verizon Communications Inc that the U.S. carrier should pay licensing fees for more than 230 of the Chinese telecoms equipment maker’s patents and in aggregate is seeking more than $1 billion, a person briefed on the matter said on Wednesday. FILE PHOTO: A Huawei company logo is seen at CES (Consumer... Read More

Huawei fights to keep U.S. funds flowing to its rural mobile customers

Huawei fights to keep U.S. funds flowing to its rural mobile customers
WASHINGTON (Reuters) – China’s Huawei Technologies Co Ltd, the world’s biggest telecoms equipment maker, argued on Wednesday that Washington should scrap plans to prohibit wireless companies from using U.S. government funds to buy Huawei gear for their networks. FILE PHOTO: A Huawei company logo is seen at CES (Consumer Electronics Show) Asia 2019 in Shanghai, China June 11, 2019. REUTERS/Aly... Read More

Pompeo to push in India for more U.S. access to local markets

Pompeo to push in India for more U.S. access to local markets
FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks during the opening reception at the GES 2019, The Hague, Netherlands June 3, 2019. REUTERS/Piroschka van de Wouw WASHINGTON (Reuters) – The United States is open to dialogue to resolve trade differences with India by allowing Americans companies more access to Indian markets, U.S. Secretary of State Mike Pompeo said on... Read More

Cheaper sensors could speed more self-driving cars to market by 2022

Cheaper sensors could speed more self-driving cars to market by 2022
(Reuters) – The first heavily automated mass-market vehicles for consumers could go on sale as soon as 2022, if one or more vehicle manufacturers adopt a new sub-$500 lidar sensing package being developed by Silicon Valley startup Luminar. FILE PHOTO: A Ford Fusion hybrid, Level 4 autonomous vehicle, used by Ford Motor and Domino’s Pizza to test a self-driving pizza... Read More

Philip Green’s Arcadia avoids collapse as creditors back deal

Philip Green’s Arcadia avoids collapse as creditors back deal
LONDON (Reuters) – Philip Green’s Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring plan. FILE PHOTO: People walk past a Topshop and Topman store, owned by Arcadia Group, in central London, Britain, June 5, 2019. REUTERS/Henry Nicholls/File Photo The restructuring will close stores, cut rents and make changes to the... Read More