SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork.
Q3 2019 Resonant Inc Earnings Call …read more […]
German chemicals association VCI on Wednesday said it saw no positive signals for the chemical industry after reporting a 2.4% drop in third-quarter revenues, citing a weakening auto market, a drop in domestic orders and sluggish global growth. “The situation for the chemical industry is not easy,” VCI President Hans Van Bylen said. Production in the chemical and pharmaceutical industries, which are significant contributors to Germany’s gross domestic product, fell 0.6% in the third quarter of the year, VCI said, adding that falling prices weighed on third-quarter revenues. …read more […]
Nov.06 — Jalal Bagherli, chief executive officer at Dialog Semiconductor, discusses 3Q earnings, their relationship with Apple, the pipeline for M&A and how the U.S.-China trade tension are impacting his business. He speaks exclusively on “Bloomberg Daybreak: Europe.” …read more […]
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will… …read more […]
Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.
China’s foreign ministry on Wednesday urged the re-elected Canadian government to immediately release detained Huawei [HWT.UL] executive Meng Wanzhou.
China will support its firms’ purchases of Airbus planes, state news agency Xinhua said on Wednesday, citing commitments by French President Emmanuel Macron and Chinese President Xi Jinping during a meeting. Macron is to meet Xi in Beijing on Wednesday, during his trip this week to China, where he has attended a major trade fair in Shanghai. Xinhua added that the two nations agreed to work together to push forward the completion and delivery centre programme of the European planemaker’s A350 model, as well as step up Airbus’ investments in China. …read more […]
SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss on falling valuations of top tech bets such as WeWork and Uber.
Xerox Holdings Corp is considering making a cash-and-stock offer for personal computer maker HP Inc at a premium to its market value of about $27 billion, the Wall Street Journal reported on Tuesday.
The United States’ top market cop is slowly taking the shackles off corporations.
Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures – including trimming rules – that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. [L2N26V0LM]
(Bloomberg Opinion) — Like expensive gems, luxury goods companies have scarcity value. If Bernard Arnault’s LVMH Moet Hennessy Louis Vuitton SE is allowed to get its hands on Tiffany & Co., the American jeweler is unlikely to come up for sale again. That’s something LVMH’s biggest rivals, Kering SA and Cie Financiere Richemont SA, might want to consider carefully.Financially they could both afford to make counterbids for Tiffany. An offer from either Cartier-owning Richemont or Gucci-owning Kering at the $120 per share price proposed by Arnault would lift their net debt to about 2.5 times Ebitda. That’s not too much …read more […]
SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts’ estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies.
Asian shares fell on Wednesday for the first time in four trading sessions as investors awaited new developments that might scale back a bruising trade war between the United States and China.
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