Thursday, December 26

Tag: 9984.TO

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles
5Dec By adminNo Comments
World

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

SoftBank Corp.is set to invest 473 million euros, equivalent to $513 million, in Cubic Telecom, a provider of software that helps vehicles link to computer networks and analyzes data from connected vehicles, it said Tuesday.The mobile unit of Japanese technology investor SoftBank Group plans to take a 51% equity stake in Cubic Telecom, valuing the Dublin, Ireland-based company at more than EUR900 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured
10Nov By adminNo Comments
Money

Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured

The S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party.Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after an auction of government debt showed lower-than-expected demand and propelled Treasury yields higher. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SoftBank Group Shares Slump After Second-Quarter Net Loss
10Nov By adminNo Comments
World

SoftBank Group Shares Slump After Second-Quarter Net Loss

SoftBank Group shares fell sharply after the Japanese technology and investment company posted a second-quarter net loss due to weak tech investment results.The company’s shares were recently 6.0% lower at 5,924 yen after falling as much as 7.6% earlier Friday morning.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments
9Nov By adminNo Comments
World

SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments

TOKYO—SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure amid rising interest rates in the U.S.The Japanese technology investor posted a net loss of 931.1 billion yen, equivalent to $6.2 billion, for the quarter ended Sept. 30. That is compared with a 477.6 billion yen loss in the April-June quarter and 3.034 trillion yen profit a year earlier, when it unwound its stake in Alibaba Group Holding.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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