Three-time Oscar winner Daniel Day-Lewis is retiring from acting, his spokeswoman said on Tuesday, ending a storied movie career that includes performances in “Lincoln” and “Gangs of New York.” Day-Lewis, 60, the only man to have won three best actor Oscars, gave no reason for his decision, calling it private. “Daniel Day-Lewis will no longer […]
Read moreUber board member and investor Bill Gurley said Travis Kalanick, the chief executive of the ride-hailing service who resigned on Tuesday, would have a “lasting impact on the world”, giving praise to the entrepreneur who has courted controversy. According to the New York Times, five of Uber’s major investors demanded Kalanick resign immediately. “Travis has […]
Read moreCrisis-hit commodity trader Noble Group has extended a major debt deadline, but analysts warn it may not be enough to restore confidence around the long term viability of the once-soaring firm. At its peak in 2010, Noble was Asia’s largest commodity trader with a market cap of more than $10 billion. Shares hit an all-time […]
Read moreJapanese firms have been acquiring overseas assets more aggressively in recent years and will continue to do so as they seek to increase market share in the global economy, JPMorgan said in a Tuesday report. Total merger and acquisition transactions in Japan inched up 1.5 percent year-on-year to $198 billion in 2016, the report said. […]
Read moreTravis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company. Mr. Kalanick’s exit came under pressure after hours of drama involving Uber’s investors, […]
Read moreCybereason, a Boston-based cybersecurity firm specializing in end-point detection and response to digital security breaches, on Wednesday announced it secured a $100 million funding from Japanese telecommunications firm SoftBank Corp — a subsidiary of SoftBank Group. The start-up has raised a total of $189 million in funding to-date, and its backers also include Charles River […]
Read moreScott Forstall, the former head of iOS software at Apple, said on Tuesday that the reviews of the original iPhone “didn’t get it.” In a conversation with former New York Times reporter John Markoff at the Computer History Museum in Mountain View, California, Forstall said that while he was “unconcerned” with the reviews, he felt […]
Read moreMSCI unveiled plans to gradually add mainland Chinese shares to its benchmark emerging markets index, injecting buzz into the market, but the stamp of approval may not help investors, say critics. The index giant will add 222 China A Large Cap stocks — including Bank of China and Tsingtao Brewery — on a gradual basis […]
Read moreSaudi Arabia has relieved Muhammad bin Nayef from his role as crown prince, replacing him with Mohammad bin Salman, according to a royal decree published by state news agency SPA. Bin Salman, 31, has been his country’s defense minister and deputy crown prince, and was recently credited with a “huge success” for President Donald Trump’s […]
Read moreTroubled Japanese conglomerate Toshiba on Wednesday announced it has selected a consortium led by the public-private Innovation Network Corporation of Japan (INCJ) as a preferred bidder for its prized memory chip business. The consortium consists of the INCJ, Bain Capital Private Equity and the Development Bank of Japan. In a statement, Toshiba said it determined […]
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