Toshiba says not considering separate investment in chip unit by Bain group member
TOKYO (Reuters) – Toshiba Corp said on Friday it was not considering accepting any separate investment in its memory chip unit by a member of a Bain Capital-led consortium that has agreed to buy the prized business for $18 billion.
Asian shares gain as earnings, tax debate help U.S. stocks
TOKYO (Reuters) – Asian shares rose on Friday as strong U.S. earnings and a step forward in the U.S. Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts.
Automaker Subaru sees $177 million in costs linked to inspection scandal
TOKYO (Reuters) – Subaru Corp said it was recalling 395,000 vehicles in Japan and that it expected to incur about 20 billion yen ($177 million) in costs related to improper final inspection procedures at domestic plants.
Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources
(Reuters) – Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch’s Twenty-First Century Fox Inc’s assets, two people familiar with the situation told Reuters on Thursday.
Toshiba in talks to sell PC operations to Asus: Nikkei
(Reuters) – Japanese conglomerate Toshiba Corp has entered into negotiations to sell its personal computer operations to Taiwan’s Asustek Computer Inc, the Nikkei reported on Friday.
Soros, Cohen among big name investors betting on Argentine startups
BUENOS AIRES (Reuters) – The founder of mobile banking startup Uala, Pierpaolo Barbieri, says that just a few years ago big name investors would never have put their money in early stage companies like his in Argentina.
Wall Street rallies powered by Cisco, Walmart; House tax vote supports
NEW YORK (Reuters) – Wall Street’s main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle.
Jetmakers end Dubai rollercoaster with big orders pending
DUBAI (Reuters) – It started with a deal that never was and ended with the mother of all air show announcements – this week’s Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as …
Barnes & Noble says investor’s plan to take it private not ‘bona fide’
(Reuters) – Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not “bona fide” as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely.
Wall Street gains powered by Cisco, Walmart; tax passage supports
NEW YORK (Reuters) – Wall Street’s main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first – if smallest – hurdle.
