Xiaomi-backed Chinese firm acquires iconic scooter maker Segway
Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000s but whose hype then faded. Financial details of the deal were not disclosed, but Ninebot Chief Executive Gao Lufeng said at a press briefing in Beijing that Chinese smartphone maker Xiaomi Inc and venture capital firm
South Korean tech giant Samsung Electronics Co Ltd on Wednesday said demand for both the flat-screen and curved-screen models of its new flagship Galaxy S6 smartphones is “much higher” than initially planned for. The comment expands on guidance for a near-term supply shortage for the curved-screen Galaxy S6 edge model by Samsung’s mobile chief J.K. Shin last week. “Although there may be some difficulties for the short term, we will
Even McDonald’s franchisees are not ‘lovin’ it, according to a new survey from Janney Capital Markets.
Rogers’ long-term optimism about China was further burnished by the November 2013 Third Plenum, when the country’s Communist Party leaders declared the market would play a “decisive role” in the economy going forward.
U.S. homebuilders are feeling more optimistic that sales will perk up in coming months as the spring home-selling season unfolds. That would bode well for home construction, which slowed early this year …
Bank of America, the No. 2 U.S. bank by assets, posted a first-quarter profit, narrowly beating analysts’ estimates, as costs fell and the bank earned more from mortgage banking.
Demand for oil will be higher this year than previously thought, according to new forecasts from the International Energy Agency (IEA), released Wednesday.
Conservatives hated that it’s expected to swell federal deficits over the coming decade. Liberals complained that it shortchanged health programs for children and women. But after years of complaints and …
“Some first-quarter earnings have been a little more encouraging than people predicted,” said Patrick Spencer, equities vice-chairman at Robert W. Baird & Co. in London.
Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency said. The Organization of Petroleum Exporting Countries may extend its biggest output gain since June 2011 into next month as recovery in Libya and Iraq adds to the Saudi increase, the IEA
