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SAN FRANCISCO: Facebook Inc on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women's basketball to a safari show and a parenting programme.
BENGALURU: Nike Inc said on Thursday it would cut about 2% of its global workforce and eliminate a quarter of its shoe styles as it looks to become nimbler in the face of intensifying competition and fast-changing consumer trends.
SAN FRANCISCO: The investment firm Social Capital has hired Marc Mezvinsky (pic) as vice-chairman as it expands beyond traditional venture capital.
BEVERLY HILLS, Calif.: Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate - and profit from - hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth.
BEIJING: China’s Dalian Wanda Group, controlled by the country’s richest man Wang Jianlin, has signed a deal to sponsor races with the world’s top organiser, Abbott World Marathon Majors (WMM), the latest move by Wanda to expand its global sports business.
BENGALURU: Nike Inc, the world’s largest footwear maker, reported better-than-expected quarterly revenue and profit, and indicated a rebound in its basketball category.