News Headlines - 06 November 2019
▽SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Hit - WSJ
Masayoshi Son, the billionaire founder of SoftBank Group Corp. , said Wednesday his “really bad” judgment championing U.S. office-sharing company WeWork left the Japanese conglomerate and its massive tech-investment fund with the biggest quarterly loss in its 38-year history... SoftBank and the Vision Fund wrote down the value of their WeWork stakes by $4.7 billion and $3.5 billion, respectively. The $100 billion Vision Fund also wrote down the value of its holdings in U.S. ride-hailing company Uber Technologies Inc. and about 20 other investments, leading to an operating loss-the fund’s first-of nearly $9 billion for the quarter, and a group-wide net loss of $6.4 billion.
▽All typhoon-flooded shinkansen trains to be scrapped | The Japan Times
JR East will study whether it can reuse some components of the eight trains. But it is likely to write off most of their total book value of ￥11.8 billion and report a special loss for the year through March 2020.
The other two flooded trains are owned by West Japan Railway Co., or JR West. The company has decided to book a similar special loss, put at ￥3 billion, for the year.
▽Xerox Considers Takeover Offer for HP - WSJ
Xerox Holdings Corp. has set its sights on a takeover of personal-computer and printer maker HP Inc., an audacious move that would unite two fading stars of technology.
Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. The copier maker’s board discussed the possibility Tuesday, the people said.
A writer and longtime women’s advice columnist on Monday sued President Trump, accusing him of defaming her this summer after she claimed he sexually assaulted her more than two decades ago in an upscale New York City department store.
E. Jean Carroll publicly described the alleged assault for the first time in June, in a published excerpt of a memoir.
▽Green groups take Norway to court over Arctic drilling - The Local
Green groups were in court in Oslo on Tuesday for the first day of the historical appeal against the Norwegian government's decision to open parts of the Arctic Ocean to oil exploration.
The case is led by Greenpeace Norway and Nature and Youth, and has the support of the Norwegian Grandparents Climate Campaign, and Friends of the Earth Norway.
