Eddie Xu

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Wall St. ends flat as energy shares drop with oil

(Reuters) - U.S. stocks finished flat on Thursday as a drop in energy shares offset a rebound in retail sales and stronger-than-expected Cisco results.<p>Traders work on the floor of the New York Stock Exchange (NYSE) July 14, 2015. REUTERS/Brendan McDermid<p>The S&P energy index .SPNY dropped 1.4 …

Stock Markets

HTC cuts 15 percent of workforce amid weak sales

As expected, smartphone maker HTC has announced more layoffs, and the cuts are brutal. The company will let 15 percent of its workforce go (over 2,000 employees), due in large part to falling revenues and profits. Last week the company reported shaky financial results, which it chalked up to …

Drug execs behind female libido pill have run afoul of FDA

WASHINGTON (AP) — A small drugmaker from North Carolina may succeed next week where many of the world's largest pharmaceutical companies have failed: …

Apple Diversity Report Reveals Progress -- But a Long Way to Go

Apple said it hired 65 percent more women, 50 percent more blacks and 66 percent more Latinos in the past year.<p>Apple said it has hired more women, blacks and Latinos over the past year than at any time in its history, though the company remains overwhelmingly white and male.<p>The company released its …

Tim Cook

Apple's Week In Review

Apple shares closed the prior week ended on Friday, August 7, 2015 at $115.52 per share and closed yesterday at $115.96 per share so a whole lot of stand-in-place but furious peddling for the week. Although, intra-week action certainly was fast and furious.<p>On Monday the shares opened with a bang, …

Tech companies are the new industrial conglomerates

In 1892, the General Electric Company united a wide range of businesses—making lightbulbs, phonographs, sockets, dynamos—under a simple thesis: that electricity was a pretty big deal. GE, of course, was right. It became the dominant holding company of the industrial age, a conglomerate of …

General Electric

Contractors become employees as start-ups solidify a business model

Not long ago, starting a business in the on-demand economy seemed straightforward.<p>Step 1: Come up with an idea for an on-demand service. Food delivery? Valet parking? Postal service? Great.<p>Step 2: Hire independent contractors to do the job and save on paying employee benefits.<p>Step 3: Expand from …

The Apple Watch is far outselling its competitors, according to millions of online shoppers

The watch went on sale April 24, and Apple CEO Tim Cook, as you might expect, has been upbeat about its progress. He said in July when the company released its third-quarter earnings that in the Watch's first nine weeks, it sold better than the iPad did in its first nine weeks. So there's that.<p>But …

Buffett's Berkshire Hathaway sheds stocks, hints at large investment

By Jonathan Stempel<p>Aug 14 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc has eliminated its stakes in National Oilwell Varco Inc and Phillips …

Adidas is taking a new shot at the US market

Signing up the Houston Rockets guard in a reported 13-year, $200 million (180 million euro) deal aims to make Adidas trendy in a market where it has been caught flat-footed before.<p>Charismatic Harden, 25, known as "The Beard" to his fans and voted the NBA's second best player last season, will …

Slump in oil-by-rail shipments boosts car storage business

TAHAWUS, N.Y. (AP) — New tank car safety standards coupled with a slump in oil-by-rail shipments are causing headaches for many in the railroad …

High beef prices fueling rustling revival in Plains states

The nearly 5,800 livestock reported stolen in Texas last year was the most in five years. And the value of the animals — more than $5.7 million — was the most in a decade.<p>The Texas and Southwestern Cattle Raisers Association sees the trend this year much the same. The nearly 140-year-old …

Toyota's new truck makes off-roading simpler -- 'more civilized'

Toyota has a lot riding on the new Tacoma. While Toyota has dominated the midsize pickup truck segment with Tacoma, General Motors Co. rejoined the …

'Everybody is waiting for doomsday' in Texas

This weekend, The New York Times published a great look at how the crash in oil prices has impacted the economic fortunes of Karnes County, Texas.<p>Karnes County is located in the Eagle Ford shale formation, one of the largest oil-producing regions in the country.<p>But as prices have crashed, the value …

Try It Now

Cool markets raise caution for next wave of IPOs

Amid erratic markets and mixed investment performance for recent deals, there are growing worries the high expectations for initial public offerings this fall are unrealistic.<p>Because IPOs sold with ease before the summer started, Canadian investment banks lined up a slew of new issues to hit the …

There's an internal joke at Google that sums up the company’s big change

Larry Page is now the CEO of a new company called Alphabet, which oversees all of the new big-picture initiatives Google has been launching as of late. Google is now a subsidiary of Alphabet, and Sundar Pichai will be its CEO.<p>It's a massive shakeup, but one former Google employee we spoke with said …

Look who dumped Apple

The biggest buyer of Apple last quarter—by far—was Apple itself, which bought and retired 31 million shares on the open market and repurchased by …

Apple's biggest new business risk is a cheaper Chinese currency

Apple wanted a bigger bite of China, which helped propel the tech giant to success — but now the country's sagging economy is biting back.<p>China …

Stock Markets

Downside of Upside: Deaths on U.S. Roads Rise as Economy Improves

After years of decline, the number of deaths on U.S. roads is heading higher. If the trend continues, the U.S. could see the roadway death toll rise to its highest level since 2007, according to the National Safety Council.<p>The financial impact of traffic accidents, which factors in deaths, injuries …