16 March, 2015 by The TZ Newswire Staff Comments Off on Uber CFO Brent Callinicos steps down
Uber CFO Brent Callinicos steps down
The company has not named a replacement to Callinicos, but Gautam Gupta, “Brent’s right hand on Strategic Finance” will be the acting head of the finance division, Chief Executive Travis Kalanick said in the email seen by Reuters. Callinicos, a former Google Inc (GOOGL.O) executive, will be an advisor to Uber. “Brent has done a wonderful job here at Uber but has decided that it is time for his next journey, one where his wife and daughter take the front seat,” Kalanick wrote in the email.
16 March, 2015 by The TZ Newswire Staff Comments Off on China February FDI up 0.9 percent year on year, outbound flows leap 68 percent
China February FDI up 0.9 percent year on year, outbound flows leap 68 percent
China drew $8.56 billion in foreign direct investment (FDI) in February, up 0.9 percent from a year earlier, while outbound Chinese investment excluding the financial sector surged by 68.2 percent to $7.25 billion, the Commerce Ministry said on Tuesday. FDI into China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the manufacturing sector and focused on the more resilient services industry.
16 March, 2015 by The TZ Newswire Staff Comments Off on Pinterest’s latest funding round values it at $11 billion: WSJ
Pinterest’s latest funding round values it at $11 billion: WSJ
Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday. The amount raised values …
16 March, 2015 by The TZ Newswire Staff Comments Off on Hyundai Motor mulls producing pick-up trucks: executive
Hyundai Motor mulls producing pick-up trucks: executive
Hyundai Motor Co is considering producing pick-up trucks, an executive told reporters on Tuesday, saying its Santa Cruz crossover truck concept got “good response” at the Detroit auto show in …
16 March, 2015 by The TZ Newswire Staff Comments Off on Boeing eyes satellite deal with tech giant this year
Boeing eyes satellite deal with tech giant this year
Boeing Co (BA.N) on Monday said it could clinch a deal this year to build a high-throughput communications satellite for top technology companies such as Google Inc (GOOGL.O), Amazon.com Inc (AMZN.O), Facebook Inc (FB.O) or Apple Inc (AAPL.O). Jim Simpson, vice president of business development and chief strategist for Boeing Network and Space Systems, told Reuters the big technology firms were keen to expand Internet access around the world to help them grow.
16 March, 2015 by The TZ Newswire Staff Comments Off on China probes college textbooks for ‘Western values’
China probes college textbooks for ‘Western values’
China is launching a nationwide investigation on the use of foreign textbooks at Chinese universities and colleges, following a previous government pledge to reject textbooks spreading “Western values” at the nation’s centers of higher education.
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