SoftBank Racks up Losses as Vision Fund Investments Plunge

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SoftBank Racks up Losses as Vision Fund Investments Plunge

TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
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Thai Airways to file for bankruptcy rehabilitation after coronavirus shutters Thailand tourism

BANGKOK (AP) — Thailand’s flag carrier Thai Airways International will file a plan for restructuring its business with the Central Bankruptcy Court, a government spokeswoman said Monday. Narumon Pinyosinwat said the plan submitted by the State …
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Amazon, Flipkart, Snapdeal resume non-essential deliveries in red zones; await state orders

Non-essential products constitute a majority of e-commerce sales in India amounting to $35 billion in 2019. Share Via Email. Published: 18th May 2020 02:48 PM | Last Updated: 18th May 2020 02:55 PM | A+A A-. E-commerce, Online shopping, Retail.
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Workers' return Monday is major test for auto industry

Thousands of production workers at assembly plants operated by Detroit’s three automakers are returning to work Monday for the first time in nearly eight weeks. The restart of vehicle production at General Motors Co., Ford Motor Co., and Fiat Chrysler …
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Grubhub Says No Deal, But Negotiations Still At Play

Uber’s Sunday (May 17) acquisition offer of 1.9 of its shares for each Grubhub share is not enough to close a deal, but discussions are still ongoing, according to a Wall Street Journal (WSJ) report citing sources familiar with the talks. Uber CEO Dara …
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