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Why Airbnb won’t conquer China!

  It’s never easy for American businesses to make it in China. Cultural differences, government interference and the sheer cost of competing in a market that dwarfs the US have frustrated companies ranging from Wal-Mart Stores Inc. to Uber Technologies Inc. Those stumbles aren’t dissuading Airbnb Inc., however. This week the home-sharing pioneer announced that it’s changing its local brand ...

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Key to control in Silicon Valley is simple

  Silicon Valley technology executives tend to be control freaks. Snapchat’s founders made sure they didn’t have to listen to stockholders when deciding how to run the company. When Marissa Mayer was a senior Google executive, she instructed her staff to test 41 shades of blue to find just the right color for a website toolbar. Jack Dorsey made sure ...

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Next shares rise as retailer holds forecasts amid tough market

  Bloomberg Next Plc held its profit forecast and said it can mitigate a tough U.K. clothing market by improving ranges and switching suppliers, reassuring investors worried about the retailer’s price pressures and product challenges. The clothier maintained its forecast that profit will fall this year to between 680 million pounds ($849 million) and 780 million pounds, defying some analyst ...

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