Finance


Reappearance of Fosun boss fails to reassure wary investors

Guo, the founder of Fosun Group, is China's 17th richest man with a net worth of $5.6 billion, according to data compiled by Bloomberg. The billionaire made no reference to the investigation during the company meeting at a Shanghai hotel on Monday,...

Fosun chair back in action, receives standing ovation in Shanghai

Reflecting government calls for economic restructuring, as well as investor's shifting taste, 20 companies - including cinema operator Wanda Cinema Line Co and green energy firm CECEP Wind-Power Corp were added to the flagship CSI300 index, replacing...

Fosun International Chinese conglomerate's shares tumble on news chairman

Guo appeared at the Fosun event at the Kerry Hotel Pudong in eastern Shanghai where he discussed the company's strategy and performance, but did not speak about his apparent disappearance, Reuters reported, citing a source. The Chinese tycoon was r...

Fosun Group Chairman Assisting Authorities in Graft Investigation Against Company

Wang Qunbin, president of Fosun International, said the ongoing investigation more concerning Guo's personal matters rather than Fosun's business practices. Fosun International plunged nearly 11 percent in Hong Kong, while Fosun Pharmaceutical droppe...

Hedge fund manager details plan to turn Yahoo around

The demands from SpringOwl Asset Management and Canyon Capital Advisors reflect shareholders' frustration with Mayer's inability to snap the company out of a financial funk after three-and-half years on the job. The size of Starboard's stake in Yaho...

Billionaire head of China's Fosun re-emerges after 'disappearance'

Fosun, one of China's biggest private conglomerates, halted trading of its Hong Kong shares following the reports. The group's shares were suspended on Friday and dropped more than 10% when trading resumed today. It has interests spanning media, in...

Most Investors Say Raising In Interest Rates Won't Hurt Personal Finances

Here's how players in various sectors view the coming rate rise. This week, the Federal Reserve is expected to raise short-term interest rates for the first time since 2006. According to latest projections available (September...latest will be re...

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Breaking News

NCSC outlines ways to protect against WannaCry ransomware

Dore said companies that faced disruptions because they did not run the Microsoft update or because they were using older versions of Windows could face lawsuits if they publicly...

Assemblyman to host town hall meeting in Rome on health care proposal

Nonpartisan political experts are saying the vote could endanger the Republicans' House majority, and the initial polls indicate little support for the bill. Sen. However, this w...

Tesla Selling Solar Roof Tiles

They'll be economically competitive if priced similar to traditional roofing materials plus the cost of solar panels . Interested parties can place an order for a solar roof ...

Buffett: GOP Health Care Bill a Tax Cut for the Rich

Buffett said Saturday that health care costs have gone up incredibly, and are expected to continue increasing. Buffett says Wells Fargo didn't act promptly when it discovered the...

Ryan on Republicans not reading the bill: 'Bogus attack' from the left

While the bill is likely to remembered as one of the greatest bipartisan compromises of the decade, it is not without detractors. That means there will be controversy surrounding a...

Penguins overwhelm Penguins 5-2 to force Game 7

Washington systematically dismantled the defending Stanley Cup champions, who looked listless as they struggled to generate any kind of sustained pressure. But consider the intr...

Estate tax elimination only benefits wealthiest

However, Roberton Williams , a senior fellow at the Tax Policy Center , which analyzes the impact of tax policy changes, told us that Trump's plan "would save high-income peopl...

Trump's Proposed Corporate Tax Cut: In Perspective

That's because it will raise prices on imported goods, he explained. Business investment has been weak for the last couple of years, dragging down economic growth. As a result of...

Facebook shares dip from high as investors fret over costs, future profit

Meanwhile, the number of people using Facebook monthly increased 17 percent to 1.94 billion, according to the earnings report. Much of Facebook's profits was once again dri...

How Donald Trump's U.S. tax cuts could impact Australia

But especially on the business side, Trump's plan lacks numerous details needed to make the numbers work. The data came from S&P Capital IQ and is based on SEC filings. "This is a...

Special Reports

Trump administration unveils tax reform proposal

Mnuchin described the AMT as an unnecessary complication ti the tax code. Though Trump refuses to release any recent tax returns, information from his 2005 return indicates that ...

Trump approaches 100 days in power

Trump approaches 100 days in power

President Donald Trump is under heavy scrutiny as the first symbolic milestone of his presidency fast approaches - but it seems Trump is giving himself a pass on his 100-days marke...

Trump calls Canada's dairy trade policies a 'disgrace'

Weins, who did not offer any advice on renegotiating NAFTA given Trump's insistence upon changing the trade rules, says the problems facing USA dairy farmers were all created by o...

Trump to announce important tax reform next week

Trump signed an executive order to review major regulations set a year ago and simplify America's notorious tax filing process . "They're too complicated", he said. White House of...

Sharks' Thornton, Couture game-time decision

If the Oilers want to leave victorious and tie this series up, they will have to put on tremendous pressure and get shots on net. Now we need to win game two. It was the first t...

Rondo the kingpin as Bulls hit overdrive

Rondo the kingpin as Bulls hit overdrive

While Butler is averaging 26.0 points, 8.5 rebounds, 5.5 assists, 2.5 steals and 1.5 blocks per game so far this postseason, Rondo is at 11.5 points, 10.0 assists, 8.5 rebounds and...

Watch Addison Russell Hit Big Walk-Off Home Run Against Brewers

Watch Addison Russell Hit Big Walk-Off Home Run Against Brewers

If anyone tries to sell the ring, the Cubs have the right to buy the ring back for $1! During the nine-game homestand, you had wind variances blowing in at 25 miles per hour to ...

Real Brexit talks will only start after June vote: EU Commission

Theresa May has said a snap general election is necessary to prevent opposition parties at Westminster "frustrating" the Brexit process. With Mrs May needing the support of 434...

UK prime minister defends decision to seek snap election

Britain is now gearing up for its third general election in seven years, which comes less than a year after the divisive referendum that decided the United Kingdom would withdraw ...