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The share of people under age 30 who own private businesses has reached a 24-year-low, according to new data, underscoring financial challenges and a low tolerance for risk among young Americans.
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Dual-listed casino operator Melco Crown Entertainment applied to delist from the Hong Kong Stock Exchange, citing limited fundraising opportunities and onerous compliance obligations and costs.
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Singapore is gaining ground in its campaign to unseat longtime rival Hong Kong as Asia’s international arbitration center by aggressively marketing such enticements as a 50% tax break on case income.
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Italian businessman Andrea Bonomi on Friday gave up on his attempt to buy up Club Méditerranée, lifting the main hurdle for a takeover of the French resort operator by Chinese group Fosun International.
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Chinese smartphone maker Xiaomi, which recently became the world’s most valuable tech startup, said it sold 61.1 million smartphones last year, more than triple the number it sold in 2013.
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The future of the world’s casino capital depends on Beijing—a fact made clear in 2014 as China’s antigraft crusade dealt Macau its first recorded decline in gambling revenue.
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Oil and natural-gas producers Linn Energy and Breitburn Energy Partners separately said they would cut their payouts to shareholders by more than half and slashed capital spending to weather lower oil prices.
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Easy Equipment Leasing For Small Business Owners + More CEOs' Bullish Pitch for 2015 + MORE 01/04/2015
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