A Ram truck ad that used a speech by Martin Luther King, Jr., is drawing a backlash. The ad shows people doing service-oriented tasks set against audio of King's speech, which urges people to be "great" ...
BEIJING/SHANGHAI (Reuters) - Dalian Wanda Group is selling a $1.24 billion stake in its listed film business to a pair of investors led by Alibaba Group Holding Ltd (BABA.N), as the conglomerate looks to bring in strategic partners and raise new funds. The property-to-entertainment firm will sell the combined 12.77 percent in Wanda Film Holding Co Ltd to e-commerce giant Alibaba and state-backed Cultural Investment Holdings Ltd for a total of 7.8 billion yuan (£1 billion). The move, hot on the heels of a separate deal to bring in investors to its commercial property unit, highlights a major shift by Wanda towards a streamlined, "asset light" model, amid a broad crackdown in China on high levels of corporate debt.
See the No. 1 step Americans will take when a recession hits.
Singapore Airlines plans to use blockchain technology to give its frequent flyers a new way to spend their accumulated miles, it said on Monday. The company said a digital wallet app for its KrisFlyer loyalty programme would be launched in about six months and it would be signing up retail partners in the Singapore market to begin with. "I think we are the first airline to do it," Chief Executive Goh Choon Phong told the Singapore Airshow Aviation Leadership Summit, a gathering of aviation leaders on the eve of Asia's largest air show.
Chances for an immigration deal in Congress are dimming as Republicans and Democrats pull further apart and President Donald Trump threatens to walk away from any agreement that doesn't meet his demands....
American troops have started to draw down from Iraq following Baghdad's declaration of victory over the Islamic State group last year, according to Western contractors at a U.S.-led coalition base in Iraq. ...
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