China’s iQiyi Readies IPO to Raise $1.5 Billion
The video-streaming unit of search-engine giant Baidu needs capital to fund content development as it competes with Tencent and Alibaba.
Beijing Seizes Control of Anbang Insurance
China's move against the owner of the Waldorf Astoria "appears to be an unprecedented takeover — a Chinese-style hostile takeover."
Chinese Group Blocked in Bid for Chicago Stock Exchange
The SEC says its review left "unresolved questions" about the source of funds for the deal and the ownership structure.
U.S. Trade Gap Rises 12.1% in 2017
The December deficit was the largest since 2008 as robust domestic demand pushed imports to a record high of $256.5 billion.
Apple Shares Drop on iPhone X Sales Reports
Some analysts believe consumers are balking at the high price of the radically redesigned smartphone.
Mobile App Spending to Top $110B Next Year
A new report says the app market is maturing, with users averaging two hours a day in apps and the share of non-game apps increasing.
Takata Seals $1.6B Sale of Assets to Key Safety
The proceeds from the deal will be used to cover legal costs resulting from the exploding airbag scandal that drove Takata into Chapter 11.
ITC Backs Crackdown on Solar Panel Imports
The commission recommends tariffs as high as 35% on low-cost imports, siding with solar manufacturers against the installation industry.
S&P Downgrades China on ‘De-Risking’ Doubts
The rating agency is concerned that China is not doing enough to "deleverage" its economy after years of credit-fueled stimulus.
Trump Blocks China-Backed Takeover of Lattice
The decision, which cited national security concerns, may signal problems for other Chinese deals under review by the administration.
US Trade Gap Edges up to $43.7B in July
The increase was less than expected but is unlikely to sit well with an administration that is seeking to cut the deficit.