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Struggling tech giant LeEco loses global corporate finance head

  Bloomberg LeEco Inc.’s global head of corporate finance is leaving, according to a person familiar with the matter, the latest sign of retrenchment by the Chinese technology giant. Winston Cheng, who joined LeEco in 2015, will be president of international at Chinese e-commerce company JD.com Inc., leading new business initiatives including investments and mergers and acquisitions, the person said. ...

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Nintendo to release mini switch in 2019

  Bloomberg Expect more variations of the Switch as Nintendo Co. continues to refine its home and portable business strategy. That’s the message from Citigroup Inc., which says the new console is doing well, but is too big to truly combine home and portable gaming for everyone. That’s why they expect the Kyoto-based company to release a smaller version of ...

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Boeing’s largest 737 Max takes maiden flight

  Bloomberg Boeing Co.’s newest and largest 737 Max gunned down the runway and soared over the shore of Lake Washington, south of Seattle, on its way to an almost three-hour maiden flight. The latest model in Boeing’s best-selling jet family took wing five days ahead of schedule, during a week marking the 50th anniversary of the first 737 flight. ...

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