SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in the wake of the failed public offering of office-rental company WeWork and sliding valuations of other major investments, according to two people familiar with the situation.
U.S. job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid lingering trade tensions.
Softbank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in the wake of the failed public offering of office-rental company WeWork and sliding valuations of other major investments, according to two people familiar with the situation.
NEW YORK/LOS ANGELES, Oct 3 (Reuters) – Police in major U.S. cities were on alert on Thursday as “Joker” opened in movie theaters after weeks of publicity surrounding its disturbing portrait of a bullied loner raised fears it might spark violence. “Joker,” an origin story about Batman’s comic-book arch nemesis, stars Joaquin Phoenix in what movie reviewers have called a brilliant but terrifying performance as a mentally unhinged outcast who unwittingly finds fame through an act of violence. The DC Comics villain is associated with a 2012 mass shooting at a movie theater in Aurora, Colorado, a suburb …read more […]
Spot gold was up 0.3% to $1,508.90 per ounce, as of 0339 GMT. U.S. gold futures were flat at $1,515.10 an ounce. ANZ analyst Daniel Hynes said the disappointing economic indicators from the United States in the past couple of days were supporting safe-haven buying. …read more […]
Asian stocks edged higher on Friday, thanks to gains on Wall Street, but the mood was cautious before a key U.S. job report that could help determine whether the Federal Reserve cuts interest rates further.
Facebook Inc Chief Operating Officer Sheryl Sandberg has tentatively agreed to testify before a U.S. House committee on Oct. 29 about the company’s plan for a digital currency, but the panel will not schedule the hearing until Chief Executive Mark Zuckerberg commits to appear by January, a congressional source said on Thursday.
Oil futures edged higher on Friday but were on track for a large weekly loss on fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks.
Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The company, which emerged from a bankruptcy filing in 2017 after a previous $8.3 billion leveraged buyout by TPG Capital and Silver Lake in 2007, faces growing competition from large rivals such as Microsoft Corp and Amazon Web Services. Under the deal, Avaya will rely on RingCentral to provide cloud technology in a new offering. …read more […]
U.S. personal computer maker HP Inc said on Thursday it will cut up to 16% of its workforce as part of a restructuring plan aimed at cutting costs.
Asian stocks edged higher on Friday, thanks to gains on Wall Street, but the mood was cautious before a key U.S. job report that could help determine whether the Federal Reserve cuts interest rates further.
Oct.03 — Apple Inc.’s latest smartphones come to markets. Bloomberg’s Mark Gurman reviews the iPhone 11 Pro on “Bloomberg Daybreak: Australia.” …read more […]
After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million cash contribution from RingCentral Inc. Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The company, which emerged from a bankruptcy filing in 2017 after a previous $8.3 billion leveraged buyout by TPG Capital and Silver Lake in 2007, faces growing competition from large rivals such as Microsoft Corp and Amazon Web Services. …read more […]
Personal computer maker HP Inc said on Thursday it will cut about 7,000 to 9,000 jobs as part of its fiscal 2020 restructuring plan.
New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of the holiday season and cost American jobs, trade groups said on Thursday.
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