Uber valued at about USD62b in new offer to buy company stock

Tom Krisher,  Three investors are looking to buy stakes in Uber in an offer that values the company at USD62 billion. The ride-hailing giant

Las Vegas strike would have far-reaching effect

What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city’s world-famous resorts

On the Money Credit cards to perfect targeting programs

Credit card companies are taking the next step in using their points programs to influence what millions of customers buy, going as far as influencing

Tens of thousands of Las Vegas casino workers OK strike

Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members

China energy firm CEFC defaults after Rosneft deal fails

As corporate defaults pile up in China’s onshore bond market, a unit of a once-promising energy conglomerate with USD4.8 billion of debt and a checkered

New Sony CEO to detail shift away from gadgets in mid-term plan

Sony Corp. is done working for peanuts in the hardware business. Kenichiro Yoshida, who took over as chief executive officer in April, is set to unveil

Hong Kong’s retail stocks surge

Fueled by a sizzling economy and a cheaper local currency, Hong Kong’s retailers are back in fashion with investors - despite familiar warning signs for

Analysis | Elaine Wynn, the ultimate shareholder activist

Did you read about the big shareholder activist win last week? Let me fill you in. A few months ago, not long after the

Gaming | Expanded sports betting fuels fears about gambling addiction

For sports leagues and gambling industries, the imminent expansion of legalized sports betting promises a bonanza. For the experts and organizations already concerned about pervasive

Real Estate Matters | The pros and cons of buying a property off-plan

At the beginning of the year we saw investors rushing to buy properties off-plan before the implementation of the new stamp duties. The new 5% tax for buyers

HK spends USD1.2b defending currency overnight

Hong Kong intervened to defend its currency peg for a second day after the city’s dollar fell to the weak end of its trading

Bargain-hunting Chinese make Japanese retail king a billionaire

Japanese retail tycoon Ryuji Arai can thank a growing flock of Chinese spenders for his swelling fortune. Bic Camera Inc., the Tokyo-based consumer electronics retailer

Amazon brings cross-border ambitions to Alibaba’s backyard

Amazon.com Inc. is bringing its competition with Alibaba right to the Chinese e-commerce giant’s backyard. In the coming weeks, Amazon will host an event

Corporate Bits | BNU donates mop1.6m to tung sin tong

Banco Nacional Ultramarino (BNU) donated MOP1.6 million to Tung Sin Tong charity yesterday in a ceremony chaired by Chui Sai Cheong, president of Tung Sin Tong,

Gaming | Tribes welcome opportunity to add sports book to casinos

American Indian tribes are welcoming an opportunity to offer sports betting in potentially hundreds of casinos across the country after the U.S. Supreme Court cleared the way

Trump Indonesia project gets Chinese gov’t partner

A Chinese government- owned company has signed on to build a theme park in a vast development in Indonesia that also features a Trump hotel and condos, a deal

Opinion | Cost be dammed, China’s ready to pay more for EDP

Prepare for a higher bid after EDP-Energias de Portugal SA rejected a 9.1 billion euro (USD10.9 billion) offer from China’s biggest clean-energy company. The Portuguese utility said

Gaming | Sanctuary cities could get boost from sports betting ruling

In President Donald Trump’s former life as a casino owner, he might have cheered Monday’s ruling from the Supreme Court that struck down a federal law that barred

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