Baidu Posts First Loss Since 2005; Search Executive Resigns

Baidu Posts First Loss Since 2005; Search Executive Resigns

Baidu Inc. posted a loss for the first time since going public in 2005, as China’s biggest online search service grapples with rising costs and slowing sales in a weakening economy. Hailong Xiang, senior vice president of the search business, resigned after 14 …
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Hong Kong Charges Former JPMorgan Banker Leung With Bribery

Hong Kong's anti-corruption office filed bribery charges against Catherine Leung, a former managing director at JPMorgan Chase & Co. Leung, 51
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Nvidia stock rallies after big earnings beat

Nvidia Corp. shares rallied in the extended session Thursday after the graphics-chip maker reported earnings and revenue that topped Wall Street estimates by a healthy margin, even as revenue for the company’s second-largest segment fell short of …
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Air Canada in Talks to Buy Travel Company Transat

Air Canada said Thursday that it was in exclusive talks to buy travel-services specialist Transat A.T. Inc. in a move that would accelerate consolidation of the country’s airline industry. The potential deal valued at around 520 million Canadian dollars (US$387 …
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Harvard-Linked Cambridge Square Hedge Fund Poised to Close Down

Cambridge Square Capital, a Boston-based hedge fund that has managed money for Harvard University, is shutting down after two years, according to a person familiar with the matter. The firm had about $1.3 billion of regulatory assets under management as …
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