China jails Crown Resorts staff over gambling crimes – Reuters

SHANGHAI A Chinese court jailed 16 employees of Crown Resorts Ltd, including three Australians, in a quick-fire trial on Monday that caps a lengthy probe into how the firm lured Chinese high-rollers to its casinos. Melbourne-based Crown, 49 percent owned by billionaire James Packer, said in a statement the employees were jailed for between nine […]

What Next for Airbag Maker Takata After Bankruptcy Filing? – New York Times

TOKYO — Japanese airbag maker Takata Corp has filed for bankruptcy protection in the United States and Japan. Following is a summary of key issues facing the company and its financial sponsor, U.S.-based auto parts supplier Key Safety Systems: WHY IS TAKATA FILING FOR BANKRUPTCY PROTECTION? The company says it is facing between $10 billion […]

The hunting down of Uber’s Travis Kalanick – CNBC

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How You Know the CEO Is a Goner – Bloomberg

After a string of scandals and embarrassments, Uber’s embattled CEO Travis Kalanick was forced to resign. The assumption is that he was pushed out for bad behavior. The truth is more prosaic: The other problems compounded the basic one that he lost a lot of money. Uber lost 2.8 billion on 6.5 billion of revenue in […]

Trump Turns an Iowa Rally Into a Venting Session – New York Times

The rally, Mr. Trump’s first since the end of April, served as a venting session for a pent-up president who has stewed and brooded from inside the gilded cage of the White House over attacks from investigators, Democrats and the news media, his interview schedule drastically pared down and his aides imploring him to stay […]

Inside Travis Kalanick’s Resignation as Uber’s CEO – New York Times

Inside Travis Kalanick’s Resignation as Uber’s CEO – New York Times

The corporate drama that unfolded in the hotel was anything but sudden. It was the culmination of several months in which nearly all of Mr. Kalanick’s support base turned against him. One by one, executives, board members, investors and even close friends slowly fell away as Uber became embroiled in a seemingly ceaseless series of […]

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