China Is Creating the World’s Largest Power Company – Bloomberg

China Is Creating the World’s Largest Power Company – Bloomberg

Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter. China’s creating the world’s largest power company. The government of President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., one of the largest power generators, the State-owned Assets Supervision and […]

Uber picks up new CEO from Expedia – Los Angeles Times

Uber has chosen Dara Khosrowshahi, the chief executive of travel booking website Expedia, to be its new chief executive, according to a source unauthorized to comment publicly. Khosrowshahi’s reported appointment ends Uber’s hunt to replace the company’s controversial co-founder and former chief executive, Travis Kalanick, who was pressured to resign in June. Representatives for Uber, […]

Uber Chooses Expedia’s Chief as CEO, Ending Contentious Search – New York Times

But Uber’s future became murkier this year when the company was pummeled by scandal after scandal, including sexual harassment accusations in the workplace, a Department of Justice criminal investigation into some of its methods, and an intellectual property dispute with a self-driving car rival. While Uber’s business continued to grow, Mr. Kalanick’s management style faced […]

Gasoline Surges, Oil Holds Near $48 as Harvey Shuts Refineries – Bloomberg

Gasoline Surges, Oil Holds Near $48 as Harvey Shuts Refineries – Bloomberg

Gasoline surged to the highest in two years and oil was steady as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of U.S. fuel-making capacity. Motor fuel prices rose as much as 6.8 percent while oil held gains near $48 a barrel. Harvey, the strongest storm to […]

How Whole Foods’ lower prices will affect you – The Coloradoan

How Whole Foods’ lower prices will affect you – The Coloradoan

x Embed x Share CLOSE Following the news that Amazon.com’s acquisition of Whole Foods Market received FTC approval, Amazon announced that it is striving to make Whole Foods more affordable for the average consumer. Video provided by TheStreet Newslook Amazon is lowering prices on select Whole Foods items, including Whole Trade bananas.(Photo: Gene J. […]

Meg Whitman is back in the running as the top candidate for Uber CEO job – Washington Post

Meg Whitman, chief executive officer of Hewlett-Packard, is Uber’s top choice as CEO. (David Paul Morris/Bloomberg) SAN FRANCISCO — Uber is closing in on its choice for a new chief executive, and the top candidate is Hewlett-Packard Enterprise chief executive Meg Whitman. As the embattled transportation company’s eight-person board deliberated for hours each day over […]

How Whole Foods’ lower prices will affect you – USA TODAY

How Whole Foods’ lower prices will affect you – USA TODAY

x Embed x Share CLOSE Following the news that Amazon.com’s acquisition of Whole Foods Market received FTC approval, Amazon announced that it is striving to make Whole Foods more affordable for the average consumer. Video provided by TheStreet Newslook Amazon is lowering prices on select Whole Foods items, including Whole Trade bananas.(Photo: Gene J. […]

UPDATE 1-Senator questions quick approval of Amazon’s Whole Foods purchase – Business Insider

(Adds details on FTC nomination planned, Democrats on FTC policy) By David Shepardson WASHINGTON, Aug 25 (Reuters) – A U.S. Democratic senator on Friday questioned the Federal Trade Commission’s quick approval of Amazon.com Inc’s purchase of Whole Foods Market Inc this week, less than three months after the $13.7 billion deal was announced. The FTC […]

Hot topic of next Fed chair not on program at Jackson Hole – Washington Post

JACKSON HOLE, Wyo. — This year’s gathering of the world’s central bankers had a theme as lofty as the Grant Teton Mountains which loomed over their meeting place — “Fostering a Dynamic Global Economy.” But while many hours were devoted to sitting in a windowless conference room dissecting the symposium’s academic papers on how to […]

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