SoftBank in Talks to Sell T-Mobile Shares to Deutsche Telekom
SoftBank is in talks to sell a significant portion of its T-Mobile US stake to controlling shareholder Deutsche Telekom as the Japanese technology conglomerate scrambles to raise funds.
Huawei Warns U.S. Chip Ban Will Damage Operations Globally
The rule announced by the Commerce Department on Friday blocks foreign chip manufacturers whose operations use U.S. software and technology from shipping products to Huawei without a license.
Tesla's Production Restart Could Ease Path to Inclusion in S&P 500 Index
A surprise second-quarter profit could qualify Elon Musk's car company for its addition to a key investor benchmark.
Hong Kong Opens Door for Alibaba in Index Overhaul
Alibaba Group Holding and other Chinese technology companies appear set to join Hong Kong's main stock benchmark, after the compilers of the city's flagship Hang Seng index revamped their inclusion rules.
Ryanair Profit Rises 13%
Ryanair reported a post-tax profit of EUR1 billion for the year ended Mar. 31, but said it expects to carry fewer than 80 million passengers in fiscal 2021, almost half its original target.
Intu in Talks with Lenders, Expects Covenant Breaches
Intu said its shopping centers will remain closed, except for essential stores, until June 1, and that while talks with lenders continue, it expects to break covenants or material liquidity requirements.
Coronavirus Brings Beer Drinkers Back to Bud Light
The coronavirus crisis has given new life to flagging mainstream beer brands while small craft brewers are hurting.
Grubhub Rebuffs Uber's Latest Offer as Merger Talks Continue
Uber Technologies and Grubhub continued their merger discussions over the weekend, with the companies' chief executives trying to hash out the price of a deal that would reshape the meal-delivery business.
Apple, Google Start to Win Over Europe to Virus-Tracking Tech
The continent that helped lead a backlash against Silicon Valley is increasingly aligning itself with technology built by Apple and Google to blaze a path out of the pandemic.
Leaders Emerge in Vaccine Race
Governments and drugmakers are considering how to roll out coronavirus vaccines when they become available, including reserving the first batches for health-care workers, as several shots race to be ready in late 2020.