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China's iQiyi considers U.S. listing as early as 2018: source
HONG KONG/BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.
UPDATE 3-China's iQiyi considers U.S. listing as early as 2018 – source
* Video service raised $1.53 bln earlier this year
(Adds source information)
China's iQiyi eyes U.S. listing at up to $10 billion valuation: Bloomberg
BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.
China's iQiyi eyes U.S. listing at up to $10 bln valuation - Bloomberg
* IPO as early as 2018 could value firm at $8 bln-$10 bln. * Video service raised $1.53 bln earlier this year. Baidu Inc's (BIDU) video streaming service iQiyi, a Chinese-style Netflix (NFLX), is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported.
Actua shares jump on plan to distribute business sales to shareholders
Actua Corp. shares jumped in the extended session Monday after the cloud-based software and services company said it was selling three of its majority-owned businesses and distributing proceeds to shareholders. Actua shares soared 28% to $15.65 after hours, following a brief halt. The company said it plans to sell interest in its VelocityEHS, Bolt Solutions and FolioDynamix businesses for a total of $549 million cash. Actua said it is selling its interest in the software company VelocityEHS and online insurance service platform Bolt Solutions to CVC Growth Fund, and web-based wealth management technology platform FolioDynamix to Envestnet Inc. . Envestnet shares were unchanged at $49.90 after hours. Actua said it expects proceeds of $14.35 to $15.18 a share from the sales with distribution to shareholders in the first quarter of 2018. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-HFF announces $270m refinancing for JW Marriott Chicago
* Says will service securitized loan, proceeds of which
were used to refinance a maturing loan
Source text for Eikon:
Further company coverage:
Uber C.E.O., Reacting to London Ban, Apologizes for ‘Mistakes’
Dara Khosrowshahi said in an open letter that the ride-hailing service had “got things wrong.” The company will appeal a decision over its right to operate in London.
'Unfit' Uber stripped of London license
LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world's wealthiest cities.
Gadsden Growth Properties decreases proposed IPO deal size
Gadsden Growth Properties a newly formed REIT focused on distressed retail and medical office real estate lowered the proposed deal size for its upcoming IPO on Friday The company also revealed a shift in its strategy away from limited service hotels and will instead focus solely on
CORRECTED-BRIEF-Deutsche Post DHL to raise prices for express service
* Says to raise prices for express service by 4.5 percent
worldwide, excluding USA, from 2018
The Best and Worst Customer Service in the Airline Industry
Uber's license to operate in London won't be renewed
Uber London Ltd.'s license to operate won't be renewed, London's transportation regulator said Friday. Transport for London said its review of the service found Uber demonstrated a lack of corporate responsibility in a number of issues, including its approach to reporting serious criminal offenses. "TfL has concluded that Uber London Limited is not fit and proper to hold a private hire operator licence," TfL said in a statement. Uber's license to operate as a private hire service is set to expire on Sept. 30. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
The Best and Worst Customer Service in the Mobile Carrier Industry
Albertsons buys meal-kit delivery provider Plated
Sept 20 (Reuters) - Albertsons Cos Inc, one of
America's biggest supermarket chains, said on Wednesday it would
buy meal-kit delivery service Plated, as it looks to attract
more customers to its stores amid increased competition.
Blue Apron gains after Albertsons agrees to buy meal-kit rival
Blue Apron Holdings Inc. shares gained Wednesday afternoon after grocer Albertsons Co. announced that it had bought a rival meal-kit service called Plated. Albertsons, a private company that owns grocery-store chains including its namesake, Safeway and Vons, did not disclose the price paid for Plated. Plated offers meal kits through the mail, like Blue Apron, but will now make that company's offerings available in some of its 2,300-plus grocery stores nationwide. Blue Apron shares gained more than 3% to $5.40 in late trading, after falling 5.5% in the regular session to $5.22. Shares have fallen by as much as 50% from the $10 price commanded in its July initial public offering, amid concerns about competition from the likes of Amazon.com Inc.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
John Deere recalls 25,000 lawn tractors for a 'crash hazard'
Deere & Co. recalled about 25,000 lawn tractors, and 500 transmissions sold as parts, because the transmissions can fail, posing "a crash hazard." The company said there have been no reports of incidents or injuries. The recall involves John Deere model D105 tractors made in the U.S., sold from February 2016 through July 2017 at John Deere dealers, Home Depot and Lowe's stores nationwide for about $1,500. The service transmissions were sold by John Deere dealers from March 2016 through August 2017 for about $300. Deere's stock, which tacked on 0.7% in afternoon trade, have slipped 1.7% over the past three months, while the S&P 500 has gained 2.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-U.S. CPSC says John Deere recalls lawn tractors, service part transmissions
Sept 20 (Reuters) - The U.S. Consumer Product Safety
Cyber attack, hurricane weigh on FedEx quarterly profit
(Reuters) - Package delivery company FedEx Corp on Tuesday reported a lower-than-expected quarterly net profit due to service disruptions from a cyber attack on its Dutch unit, the impact of Hurricane Harvey and higher costs, and also lowered its full-year earnings forecast.
FedEx quarterly profit falls
(Reuters) - Package delivery company FedEx Corp on Tuesday reported a lower quarterly net profit due to service disruptions following June's Petya cyber attack on its Dutch delivery unit TNT Express and the impact of Hurricane Harvey.
Retailers boost holiday hires in stores to help tackle online sales
(Reuters) - Major retailers are looking to stimulate anemic sales by hiring thousands of more workers this holiday season to improve customer service on their sales floors and handle the fast-growing use of their stores to fulfill online orders.
Best Practices Survey: We Want to Hear From You
The Center for Auto Finance Excellence is constantly working to enhance its relevance and service to you and the industry. As an important part of the auto finance community, we are coming to our members for best practice insights.Please take a moment to complete this short survey, which will offer valuableRead More
Donald Trump Jr. gives up Secret Service protection: report
Donald Trump Jr., the president's son, has decided to give up his Secret Service protection, according to a New York Times report late Monday. Trump Jr., who lives in New York, reportedly is seeking more privacy, away from the large security detail. It was not immediately clear if he was lifting security for his wife and five children as well. The move should help the Secret Service, which has been hard-pressed to provide security to the President Donald Trump's large family and their extensive travels. Last month, the agency said more than 1,000 agents had already hit their yearly caps for salary and overtime.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Macy's to hire 80,000 seasonal workers for the holidays, down from 83,000 last year
Macy's Inc. said Monday that it expects to hire 80,000 seasonal workers this holiday season for its namesake Macy's stores, Bloomingdale's, call centers, and distribution and fulfillment facilities. That's down from 83,000 last year. Hiring events will take place over two days, on Sept. 28 and Sept. 29. About 18,000 of the hires will be for direct-to-consumer fulfillment facilities, up 3,000 positions from last year. These centers are located in places like Portland, Tenn., and Cheshire, Conn. About 1,000 will be hired to work in customer service centers, operating both online, emailing and chatting with shoppers, for instance, and on the phone. More than 1,000 will be hired to work on the Macy's Thanksgiving Day Parade. Macy's shares are down 38.3% for the year so far while the S&P 500 index is up nearly 12% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Taco Bell to add 300 urban locations by 2022
Taco Bell, the Yum Brands Inc. Mexican chain, plans to add 300 restaurants in urban areas by 2022. New York is seen as the quick-service brand's largest market opportunity, the company said, with about 50 planned for the city's five boroughs. Five restaurants will be complete by early 2018. Four of them will be Cantina locations, which serve alcohol, and one will be an "Urban In-line" location that does not. In addition to New York, Chicago, Detroit and Boston are among the areas of focus. About 20 of the locations will be in Chicago, with eight Cantinas planned by the end of 2018. Both Cantina and In-line locations have opened nationwide since 2015. Taco Bell plans to grow to about 9,000 global locations in the next five years from more than 7,000 currently, and it plans to create about 100,000 new jobs. Yum Brands shares are up 19.6% for the year so far while the S&P 500 index is up nearly 12% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hulu's big Emmy night marks a streaming milestone
LOS ANGELES, Sept 17 (Reuters) - Streaming service Hulu made
Emmy history on Sunday by becoming the first digital platform to
win a top series award with its dystopian saga "The Handmaid's
Hulu series 'The Handmaid's Tale' wins best drama at Emmys
"The Handmaid's Tale" won the television Emmy award on Sunday night for best drama series. The show on the Hulu streaming service tells the story of a dystopian world in which women are forced into sexual servitude.
Verizon's nixing some cell service in rural Montana has locals scared about emergencies
The company said these customers used too much data outside the network.
CORRECTED-GM's Cruise aims to open self-driving tests to public; timing unclear
SAN FRANCISCO, Sept 15 (Reuters) - General Motors Co's
self-driving unit, Cruise Automation, is working to open
an internal ride-hailing service to people outside the company,
aiming to join a small group of autonomous vehicle developers
testing their technology with the public.
Morgan Stanley to handle mortgage originations in home-loan push: sources
(Reuters) - Morgan Stanley plans to bring its mortgage origination business in-house to improve customer service and generate more business, two people familiar with the matter told Reuters on Friday.
Morgan Stanley to handle mortgage originations in home-loan push -sources
Sept 15 (Reuters) - Morgan Stanley plans to bring its
mortgage origination business in-house to improve customer
service and generate more business, two people familiar with the
matter told Reuters on Friday.
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