Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more

U.S., Japan to develop hypersonic missile interceptor – Yomiuri

U.S., Japan to develop hypersonic missile interceptor – Yomiuri

The U.S. (L) and Japanese national flags are hoisted next to a traditional Okinawan Shisa statue at the U.S. Marine’s Camp Foster in Ginowan, on the southern island of Okinawa, Japan June 18, 2016. REUTERS/Tim Kelly TOKYO, Aug 13 (Reuters) – Japan and the U.S. will agree this week to jointly develop an interceptor missile … Read more

Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Aug 11 (Reuters) – SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year’s biggest initial public offerings. … Read more

S&P 500, Nasdaq fall as megacaps slide after producer prices data

S&P 500, Nasdaq fall as megacaps slide after producer prices data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. REUTERS/Brendan McDermid//File Photo News Corp up as quarterly profit tops estimates US-listed China stocks fall as stimulus measures disappoint US consumer sentiment dips in August July annual PPI 0.8% vs estimates of 0.7% Indexes mixed … Read more

Japan’s struggling Rakuten to combine credit card and mobile payments business

Japan’s struggling Rakuten to combine credit card and mobile payments business

The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey TOKYO, Aug 10 (Reuters) – Japan’s Rakuten Group (4755.T) will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to … Read more

Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Aug 3 (Reuters) – Apple (AAPL.O) on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal … Read more

Wall Street closes near flat as Treasury yields surge

Wall Street closes near flat as Treasury yields surge

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Amazon surges in extended trade after results Gloomy Spirit, Expedia results drag travel stocks lower PayPal drops after weak Q2 margins Qualcomm tumbles on signaling more pain from smartphone slump Aug 3 (Reuters) – U.S. … Read more

Wall Street ends down, investors step back after Fitch US rating cut

Wall Street ends down, investors step back after Fitch US rating cut

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo Fitch cuts US credit rating to AA+ Wells Fargo slides on plan to help refill FDIC coffers U.S. private payrolls beat expectations in July, ADP says Indexes down: Dow 0.98%, S&P 1.38%, … Read more

US trucking company Yellow shuts down operations, Wall Street Journal reports

US trucking company Yellow shuts down operations, Wall Street Journal reports

July 30 (Reuters) – The Teamsters said on Sunday that the union was served a notice that Yellow Corp (YELL.O) is ceasing operations and filing for bankruptcy. “Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,” … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more