Business

News Hour: Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a $420 million deal last year, the latest effort by the electric car-to-smartphone...

News Hour: Music streaming service Spotify said on Thursday it has renewed a nine-year-old licensing deal with independent digital agency Merlin that has proven essential to its enduring appeal to dedicated music fans even as it...

News Hour: Motorcycle maker Harley-Davidson Inc said on Thursday it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, Missouri. The company said it told employees in November 2015...

News Hour: The Dow slid following disappointing IBM earnings and a pullback in petroleum-linked shares due to a steep drop in oil prices. IBM slumped 4.9 percent as it reported a 13 percent drop in first-quarter...

News Hour: Weakness in petroleum-linked shares pressured US stocks on Wednesday, while London equities retreated again following the surprise announcement of a snap general election. Oil prices fell nearly four percent following a build in US...

News Hour: Ford Motor Co is taking a cautious approach to producing electric and plug-in hybrid vehicles for the Chinese market, citing uncertainty about consumer interest and government policy, despite a rush by carmakers to jump...

News Hour: An electric car dealer with a Miami subsidiary is telling Cuba-based diplomats struggling with a gasoline shortage on the Communist-run Caribbean island that they should fret no longer. The United States, which maintains a...

News Hour: China’s auto industry is charging ahead with aggressive plans to electrify cars even as policymakers scale back subsidies aimed at building sales from relatively low levels and consider tapping the brakes on sales quotas...

News Hour: The state-backed fund Innovation Network Corp of Japan is looking at the auction of Toshiba Corp’s chip unit but did not participate in the first-round bidding, INCJ Chairman Toshiyuki Shiga said on Tuesday. Sources...

News Hour: Shares of Snap fell 1.5 percent on Monday as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritizing growth in India and Spain because they were “poor” countries....