Toshiba shares jump; sources say auditor seen signing off on results
TOKYO (Reuters) – Toshiba Corp’s shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate’s auditor was likely to sign off on its annual results.
Oil falls for third day as doubts over OPEC cuts linger
TOKYO (Reuters) – Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC’s ability to restrain supply as promised.
Trump’s ‘fire and fury’ warning hits stocks, lifts Swiss franc and gold
LONDON (Reuters) – President Donald Trump’s warning North Korea faced “fire and fury” and Pyongyang’s threat of possible retaliation drove investors out of stocks on Wednesday and into the yen, Swiss franc, gold and government debt.
Wisconsin won’t break even on Foxconn plant incentives for 25 years: analysis
(Reuters) – Wisconsin is not projected to break even on a $3 billion incentive package for a proposed LCD screen plant by Taiwan’s Foxconn for at least 25 years, a legislative analysis showed on Tuesday.
Lockheed fielding more missile defense queries amid North Korea tests
WASHINGTON (Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, said on Tuesday its customers want to defend themselves against possible incoming missile attacks and are increasingly asking about missile defense systems.
Disney to pull movies from Netflix, plans own streaming service
(Reuters) – Walt Disney Co will stop providing new movies to Netflix Inc starting in 2019 and launch its own streaming service as the world’s biggest entertainment company tries to capture digital viewers who are dumping traditional television.
Nissan agrees to $98 million settlement on Takata economic loss claims
WASHINGTON (Reuters) – Nissan Motor Co on Tuesday agreed to pay $97.7 million to settle class-action claims of consumer economic loss in the United States tied to the recall of 4.4 million vehicles with Takata air bag inflators, court records show.
UK government asks watchdog to look into Fox’s bid for Sky
(Reuters) – Britain’s department of culture said on Tuesday it had written to media watchdog Ofcom for more information on its views on Twenty-First Century Fox’s bid for Sky Plc .
HBO says probe of hack is ongoing
(Reuters) – HBO, the Time Warner Inc cable network that broadcasts “Game of Thrones,” confirmed on Tuesday that it was investigating a hack that it disclosed to employees 10 days ago.
SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources
SAN FRANCISCO (Reuters) – SoftBank Group Corp is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter.
