Toshiba mulling plan for $5.3 billion capital injection: source
TOKYO (Reuters) – Cash-strapped Toshiba Corp is considering a capital injection of about 600 billion yen ($5.3 billion) centred on a third-party allotment of new shares, a person briefed on the matter said on Friday.
New ‘Star Wars’ trilogy raises hopes after Disney results miss target
(Reuters) – The force of “Star Wars” lifted Walt Disney Co shares on Thursday as the promise of a new film trilogy overshadowed disappointing quarterly results and struggles at the media company’s television business.
Asian stocks slip as U.S. tax doubts snap global winning streak
TOKYO (Reuters) – Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives’ version in several key areas, including a delay in the timing of a corporat…
Toshiba considering $5.3 billion capital injection: NHK
TOKYO (Reuters) – Toshiba Corp , desperate for cash to avoid a possible delisting, has started to look into specific plans to raise about 600 billion yen ($5.3 billion) by offering new shares, possibly by year-end, public broadcaster NHK reported on Fr…
Japan’s MUFG sues New York regulator over bank’s oversight shift
NEW YORK (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) on Wednesday sued New York’s banking regulator to stop its effort to continue to supervise Japan’s largest lender after it switched its state branches to federal oversight this week, according to court filings.
Trump’s CNN attacks may hobble legal case to block AT&T-Time Warner deal
WASHINGTON/NEW YORK (Reuters) – President Donald Trump’s broadsides against cable network CNN may complicate the U.S. government’s legal case if it decides to block AT&T’s deal to buy media company Time Warner, according to legal experts.
News Corp profit beats on digital real estate unit strength
(Reuters) – Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses.
Disney results miss targets but new Star Wars trilogy raises hopes
(Reuters) – Walt Disney Co posted disappointing results on Thursday due to struggles at television networks and profits falling at its movie studio, but shares rose after the company announced a new “Star Wars” trilogy in the works.
Tech stocks tug Wall Street lower; investors fret about U.S. tax cut delays
(Reuters) – Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues, as investors turned their attention to a U.S. Senate Republican plan that would delay expected corporate tax cuts.
Ford, Ekso team up for ‘bionic’ auto workers
WAYNE, Mich. (Reuters) – Robots have replaced many U.S. manufacturing workers, but new mechanical exoskeletons being tested by Ford Motor Co may help factory workers to function like bionic people, reducing the physical damage of millions of repetitiv…
