LeEco Chairman Says Cash Crunch ‘Far Worse Than Expected’

LeEco’s cash problems are “far worse than expected” and the funds raised in recent months are unexpectedly not enough to help the Chinese technology conglomerate ride out the crunch, its chairman, Jia Yueting, said on Wednesday. LeEco, one of China’s most ambitious companies that grew from a Netflix-like video website to a business empire spanning consumer … Read more

Union Budget 2017: Military modernization a far cry as defence gets only 6% hike

NEW DELHI: India’s defence budget has been hiked by a measly 6% to Rs 2,74,114 crore ($40.42 billion), dashing the hopes for any major jump in military modernization this year despite heightened tensions with Pakistan and the ever-expanding military capabilitiesof China. The defence outlay works out to just 1.63% of the projected GDP for 2017-18, … Read more

JPMorgan CEO Jamie Dimon: If you like the Trump stock rally so far, just wait …

JPMorgan CEO Jamie Dimon: Trump reforms could boost economy further  Wednesday, 18 Jan 2017 | 10:32 AM ET | 02:05 JPMorgan Chase Chairman and CEO Jamie Dimon told CNBC on Wednesday the economy could grow at 3 to 4 percent this year with the right tax and regulatory reforms from President-elect Donald Trump. And that, in … Read more

Samsung Galaxy S8 rumor roundup: Here’s everything we know so far

Editor’s note: This article is frequently updated to reflect the latest information available. It’s that time of year again. Rumors are flying about the latest Samsung flagship smartphone. Presumably to be called the Galaxy S8, it’ll attempt to revive Samsung’s burned edges from the Galaxy Note7 debacle. Here’s everything we have heard so far about … Read more

Ubisoft’s giving the wonderfully dumb Far Cry 3: Blood Dragon away for free

See you at the party, Richter. COMMENTS Hayden Dingman | @haydencd Games Reporter, PCWorld Nov 9, 2016 11:20 AM Need something to tear you away from post-election social media today? Ubisoft delivers. As part of its ongoing 30th anniversary celebration, the company is giving away its latest monthly freebie—the neon-soaked Far Cry 3: Blood Dragon. … Read more

Here’s what we know about LG G5’s US availability and pricing so far

As you might already know, LG’s newest flagship smartphone – the G5 – was unveiled at the ongoing Mobile World Congress yesterday. If you are in the US, and are planning to purchase the device, here’s what we know about its availability and pricing so far: AT&T AT&T has confirmed that it will carry the … Read more