Softbank-owned Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings, Nikkei reported on Sunday, citing sources. Read More
Elon Musk on Friday night broke his nine-day silence on Twitter, the social media platform he is trying to buy for $44 billion, posting a picture of him meeting Pope Francis on Thursday. Read More
BOSTON/LONDON — Russia’s invasion of Ukraine has exposed a gap in socially-minded investing – a hands-off approach to geopolitics and human rights. Read More
NEW YORK — Concerns about a possible U.S. recession are prompting some fund managers to rotate back into the big tech and growth winners of the last decade in the hope that they can better weather an economic storm. Read More
NEW DELHI — Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday. Read More
SYDNEY — Australia’s second-biggest appliances chain said on Tuesday it was pausing a trial of facial recognition technology in stores after a consumer group referred it to the privacy regulator for possible enforcement action. Read More
SINGAPORE — Software firm MicroStrategy said it has not received a margin call against its bitcoin-backed borrowing on Wednesday, and it has plenty of extra collateral to pledge if necessary. Read More
Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff. Read More
SEOUL — Samsung Electronics’ semiconductor production in China is facing disruption from South Korean truckers blocking exports of a key chip-making material as part of a strike, the Korea International Trade Association (KITA) said on Tuesday. Read More