Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Masayoshi Son is elevating two SoftBank Group Corp. executives and one outsider to his inner circle, appointments that become official on Wednesday. Bloomberg's Pavel Alpeyev reports on "Bloomberg Markets: Asia." (Source: Bloomberg)
Mobile US and Sprint said Sunday they believed they could win over skeptical regulators to their $26 billion merger because it would create thousands of jobs and help the United States beat China to creating the next generation mobile network. The agreement capped four years of on-and-off talks between the third- and fourth-largest US wireless carriers, setting the stage for the creation of a company with 127 million customers that will be a more formidable competitor to the top two wireless players, Verizon Communications and AT&T.
SoftBank Group Corp. for a $200 billion solar power project in the kingdom, calling it the single largest of its kind in the world. SoftBank founder Masayoshi Son said he envisions the project, which runs the gamut from power generation to panel and equipment manufacturing, as a way to help wean Saudi Arabia off its dependence on oil for electricity, create as many as 100,000 jobs and shave $40 billion off power costs.
REUTERS: Uber Technologies Inc paid hackers US$100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the U.S. company's cover-up of the incident resulted in the firing of two employees responsible for its response to the hack, said Dara Khosrowshahi, who replaced co-founder Travis Kalanick as CEO in August.
President-elect Donald Trump applauded the return of 8,000 jobs to the U.S. and hailed his transition discussions with President Barack Obama in a series of comments that amounted to the most detailed interaction he's had with journalists since before the election. In one of his cameos Wednesday on the front steps of his Mar-a-Lago resort in Palm Beach, Florida, Trump touted plans by a Japanese mogul to bring jobs to the United States.
After weeks of giving only brief comments to the media, Donald Trump made a series of public statements Wednesday, applauding the return of 8,000 jobs to the U.S. and hailing his discussions with President Barack Obama. In one of his cameos on the front steps of his Mar-a-Lago resort in Palm Beach, Florida, Trump touted plans by a Japanese mogul to bring those jobs to the United States.
Not only is this good news, notes Ben Shapiro , it comes without any strong-arming like we saw in the Carrier deal. In the Carrier deal, Trump cudgeled Carrier into accepting a $7 million tax incentive in return for a $65 million operating loss by threatening Carrier's parent company with the loss of billions of dollars in federal contracts.