SoftBank’s Son to meet Saudi King Salman on Tuesday in Tokyo: source
TOKYO (Reuters) – SoftBank Group Corp Chairman Masayoshi Son will meet Saudi King Salman on Tuesday in Tokyo, a person briefed on the matter said, as the kingdom and the Japanese tech and investment firm proceed with plans to create a $100 billion tech…
Toshiba pushes sale of nuclear unit Westinghouse as crisis deepens
TOKYO (Reuters) – Toshiba Corp is ‘actively considering’ a sale and other strategic options for U.S. nuclear unit Westinghouse, the group said on Tuesday, as it expanded a probe into problems there that caused it to miss an earnings deadline for a sec…
Dollar rises before expected Fed rate rise, euro zone bond yields up
LONDON (Reuters) – The dollar rose before the start on Tuesday of a Federal Reserve policy meeting expected to raise U.S. interest rates while euro zone government bond yields headed higher as investor nerves over an election in the Netherlands appeare…
Jailed Samsung chief can get plenty of visitors, may still play a corporate role
SEOUL (Reuters) – The head of South Korea’s Samsung Group [SAGR.UL], Jay Y. Lee, may be languishing in a jail cell but he is allowed plenty of visitors, which may allow him to play a key role in corporate decisions even if he isn’t running the conglome…
CDB Aviation seeks growth as it confirms Boeing order
(Reuters) – China’s CDB Aviation Lease Finance may place further jet orders and make selective acquisitions as it expands globally after going public with an order for 30 Boeing airliners.
Ackman’s Pershing Square sells Valeant stake, takes $3 billion loss
BOSTON (Reuters) – Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for so…
Verizon sought $925 million discount for Yahoo merger, got $350 million
NEW YORK (Reuters) – Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc’s core assets following two massive cyber attacks at the internet company, according to a Yahoo filing.
Kushners set to get $400 million from Anbang on Manhattan tower: Bloomberg
(Reuters) – A company owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law, stands to receive over $400 million from China’s Anbang Insurance Group, that is investing in a Manhattan building owned by the Kushners, Bloomberg re…
Airbnb has no specific plans for IPO yet: CEO Chesky
NEW YORK (Reuters) – Airbnb, the leading online marketplace for short-term lodging, has no specific plans yet to go public, its chief executive officer Brian Chesky said on Monday.
PwC threatens MF Global mistrial; Corzine defends actions
NEW YORK (Reuters) – PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine’s MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the …
