BUSINESS

SoftBank Supremo Eyes Rare Success With Arm IPO

Masayoshi Son's successful investments in Yahoo! and Alibaba in the 1990s made it seem like he had the Midas Touch but he has suffered some painful losses in recent years
Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times.
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The United States sees manufacturing dynamo Vietnam as an important part of its plan to rely less on China

Biden Leads US Tech Execs In Vietnam Talks

Biden and Vietnam's ruling Communist Party chief -- the country's paramount leader -- struck a "comprehensive strategic partnership" as Washington pushes to boost its network of allies around Asia and the Pacific to counter Beijing's growing clout.
In 2015 China's benchmark Shanghai index plummeted by 40 percent

The Worst Market Crashes

Fifteen years ago, on September 15, 2008, the Lehman Brothers investment bank went bankrupt, a victim of the global financial crisis during which stock markets crashed.
President Joe Biden gave a boost to the 2022 Detroit Auto Show, which has been scaled back from its glory days before the Covid-19 pandemic

Strike Worries Overshadow Detroit Auto Show

This week's Detroit Auto Show is meant to showcase impressive new electric vehicles, but the fanfare looks destined to be upstaged by a brewing labor dispute and the increasing likelihood of a strike.
Over ten weeks of testimony involving more than hundred witnesses, Google will try to persuade a federal judge that the landmark case brought by the US Department of Justice is without merit

US Takes On Google In Landmark Antitrust Trial

Google faces its biggest ever legal challenge in a Washington court on Tuesday, as it fends off accusations from the US government that it acted unlawfully to build its overwhelming dominance of online search.
Iranian military seizing the US-bound oil tanker Advantage Sweet in April, shortly after the US moved to seize a Greek-managed tanker, the Suez Rajan, carrying Iranian oil to China

US Confirms April Seizure Of Iran Oil Shipment

The United States confirmed Friday that it seized a tanker load of Iranian oil in April, just before Iran seized two vessels in the Gulf region, in the Justice Department's first official statement on the incident.

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