PG&E appoints Nora Mead as board chair
California energy company PG&E Corp said on Thursday it appointed former state and federal regulator Nora Mead Brownell as chair of the company’s board of directors.
Toshiba shares fall after sale of U.S. LNG business canceled
Toshiba Corp shares fell on Friday after the collapse of an agreement to offload its U.S. liquefied natural gas (LNG) business, a new blow for the Japanese conglomerate which has been shedding assets to turn around its business.
Amazon Japan raises Prime membership fee for first time in 11 years
Amazon.com Inc’s Japanese unit raised the membership fee for its Prime service by 26 percent on Friday, the first such hike since it was launched in the country 11 years ago.
Asian shares tread water amid mixed growth signals
Asian shares were flat and U.S. Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger U.S. economic data helped offset some concerns about global growth.
Factbox: SoftBank’s transportation bets
In addition investing more than $25 billion in Didi, Uber, Ola, Grab and Cruise, SoftBank Group Corp and its investment arms have poured another $5 billion into eight companies involved in some aspect of transportation.
Inside SoftBank’s push to rule the road
SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
Oil prices firm amid OPEC supply cuts, U.S. sanctions on Iran and Venezuela
Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.
Factbox: How Uber and Lyft compare on key financial metrics
Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
Walmart responds to Bezos with tweet asking Amazon to pay taxes
Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged retailers to hike their minimum wages to $16 an hour, prompting a comeback from Walmart Inc which asked its rivals to pay taxes.
Boeing CEO says 737 MAX software update working as designed
Boeing Co’s chief executive said on Thursday that a software update designed to prevent disasters like two recent fatal crashes involving its 737 MAX is working, with about two-thirds of the fast-selling jetliner’s customers having seen the fix in simu…
