SoftBank Comeback Stays on Track With $6 Billion Profit
Technology investor SoftBank Group logged a profit of more than $6 billion in the July-September quarter, driven by rising share prices for some of its portfolio companies.
Infineon Forecasts Strong Revenue Growth
Infineon posted a rise in fourth quarter adjusted earnings to EUR379 million and forecast revenue of around EUR10.5 billion for fiscal 2021.
Elliott Takes Stake in Software Company F5 Networks
The activist investor has taken a stake in F5 Networks and spoken to the software company's management in recent weeks about ways to boost its lagging stock, according to people familiar with the matter.
Federal Lawsuit Points to Payments' Future
Whatever the outcome of the Justice Department's lawsuit against Visa, for investors the suit could focus attention on how payments might evolve, in particular the potential of pay-by-bank arrangements.
Bloomberg's Streaming News Channel Deepens Push in Consumer Media
The company is launching a streaming TV channel, built around its social-media brand QuickTake, which will go beyond Bloomberg's core areas of finance and markets, with greater focus on general-interest and lifestyle news.
Uzabase Agrees to Sell Business News Site Quartz
The co-founder of Quartz and its editor in chief agreed to buy the business news website from Japanese financial data and media company Uzabase, a deal that comes as Quartz has suffered from the economic fallout from the coronavirus pandemic.
Berkshire Hathaway's Profit Rises, Boosted by Investment Returns
Berkshire reported third-quarter net earnings of $30.1 billion as investments rallied, though a loss for the company's insurance underwriting pinched its operating profit.
China Evergrande to Terminate Reorganization Plan With Shenzhen Real Estate
China Evergrande has terminated a reorganization plan with Shenzhen Real Estate, ending the debt laden company's plan for a reverse listing on Shenzhen's stock exchange.
AIA Group Value of New Business Falls
AIA Group's value of new business fell 28% in the third quarter as Covid-19 weighed on the insurer's operations, but sequential growth was strong thanks to the easing of the pandemic restrictions.
Disney, McDonald's and Lyft Set to Report Results
The quarterly earnings season is winding down with the pandemic weighing on many companies' results-and Disney, McDonald's and Lyft are expected to join the crowd.
(END) Dow Jones Newswires
11-09-20 0315ET
