Crown Says China's VIP Gamblers Bring in Less Than 12% of Sales
Crown Resorts Ltd. said high-stakes gamblers from China generate less than 12 percent of total revenue, as the company warned it’s too early to gauge damage from China’s detention of 18 employees.The contribution to Crown’s total profit from these big-spending, top-priority clients is even smaller, Chief Executive Officer Rowen Craigie told reporters after the company’s annual meeting in Perth on Thursday. Crown is working with its legal team in China to understand why the staff are being held,..>> view originalStarbucks plans to double stores in China in 5 years - The Register
NEW YORK — Starbucks is pushing ahead with its expansion into mainland China, saying Wednesday it’s on track to have 5,000 stores by 2021, more than doubling the number of its coffee shops in the country. The Seattle-based coffee chain is looking to China to fuel its growth. It has grown rapidly since opening its first Chinese store in 1999, though famously suffered a misstep nearly a decade ago when protests over a shop inside the Forbidden City led to it being closed. Starbucks CEO Howard Sc..>> view originalThree Denver hotels in top 5 of Condé Nast Traveler's best in the West
Three hotels in the heart of Denver lead the pack in the latest Top Hotels in The American West by Condé Nast Traveler. Hotel Teatro came in at #1, The Art, a hotel in downtown Denver adjacent to the Denver Art Museum, was at #2 and The Oxford Hotel at #4. Hotel Teatro sits in a landmark that dates back to 1911 with modern touches in the 110-room hotel located steps from many attractions and boasting to be “the city’s only boutique hotel.” The Art, which opened in June 2015, incorporates cont..>> view originalReports: Nissan CEO Ghosn to head troubled Mitsubishi Motors
FILE - In this May 12, 2016 file photo, Nissan Motor Co. President and CEO Carlos Ghosn, right, and Mitsubishi Motors Corp. Chairman and CEO Osamu Masuko walk in the venue of their joint press conference in Yokohama, near Tokyo. Ghosn, CEO of Japan's Nissan Motor, is due to hold a news conference amid reports he will become chairman of Mitsubishi Motors, presiding over efforts to turn the troubled automaker around. The Brazilian-born Frenchman, who already heads Nissan and Renault, was to mee..>> view originalTrump's 'bad hombres' echoes on both sides of the border
Republican presidential nominee Donald Trump discussed border security at the third and final presidential debate, Oct. 19, in Las Vegas. (The Washington Post) By Adam Kealoha Causey | AP October 20 at 1:04 AM PHOENIX — Donald Trump’s utterance of “bad hombres” during Wednesday night’s presidential debate echoed across both sides of the U.S.-Mexico border. Within minutes, the Republican nominee was getting a lashing about his mangling of English and Spanish. Trump — whose proposal for ..>> view originalYahoo, ACLU Press US to Disclose Secret Surveillance Orders
Yahoo on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users’ incoming messages. Separately, the American Civil Liberties Union filed a motion before the U.S. Foreign Intelligence Surveillance Court asking it to release the Yahoo order and over 20 other significant rulings dating back more than a decade. Reuter..>> view originalNew Barbies leave Mattel sitting pretty
New Barbies leave Mattel sitting prettyNews anchor and computer engineer Barbies are part of an effort by Mattel to widen the doll’s appealJEFF ZELEVANSKY/REUTERSBarbie was the star of the show for Mattel in the third quarter, with a 16 per cent rise in worldwide sales. In January, America’s largest toymaker rolled out Barbie dolls in a variety of skin tones, hairstyles and outfits and in new body shapes — tall, curvy and petite — to widen their appeal.Global sales for its Other Girls brand were..>> view originaleBay Revenue Grows, Though Profit Declines
On Wednesday, eBay Inc. said revenue grew 5.6%, a third straight quarter of sales gains as a new initiative to transform the online retailer’s search results and image has begun to pay off. The San Jose, Calif.-based online sales platform on Wednesday reported $2.22 billion in revenue, compared with last year’s $2.1 billion. Net income of $413 million, or 36 cents a share, was lower than the $539 million, or 45 cents, the company...>> view originalCan This Woman Save Wells Fargo's Consumer Banking Business?
Mary Mack arguably has the hardest job in banking today. The head of retail banking at Wells Fargo & Co., Ms. Mack must change the sales culture at the scandal-scarred firm. To do so, she will have to figure out how to incentivize employees without spurring the kind of improper behavior that led to the bank’s $185 million fine, regulatory enforcement action and abrupt retirement of Chief Executive John Stumpf. In the wake...>> view original
Thursday, October 20, 2016
Crown Says China's VIP Gamblers Bring in Less Than 12% of Sales and other top stories.
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