SoftBank’s Masayoshi Son Says He’s Focusing on AI Inventions
The CEO says he wants to invest more aggressively as tech stocks revive. “I want SoftBank to lead the AI revolution.”
Kimmeridge-Backed Civitas to Buy Oil and Gas Assets for $4.7 Billion
Civitas emerges as a consolidator with acquisitions from Hibernia Energy III and Tap Rock Resources, companies backed by NGP Energy
Elon Musk meets with India’s Modi, hints at Tesla expansion
Tesla Inc. Chief Executive Elon Musk met Tuesday with India’s Prime Minister Narenda Modi, and said Tesla will be in India “as soon as humanly possible.”
At 3M, Lawsuits Threaten to Transform the Company
Analysts say a dividend cut and a heavier debt load loom for the Scotch tape maker amid potential settlement payments costing billions.
U.S. Tracked ZTE, Huawei Workers at Suspected Chinese Spy Sites in Cuba
Intelligence bolstered suspicions that China’s telecom giants might be playing a role in the expansion of Beijing’s eavesdropping capabilities on the island.
Swedbank to Pay $3.4 Million to Settle U.S. Sanctions Violations
The settlement is one of the first resolutions the Swedish bank has reached with U.S. regulators related to its alleged anti-money-laundering shortcomings in the Baltic region.
Ozempic Maker Sues Spas and Clinics Selling Custom-Made Versions
Novo Nordisk accused the firms of false advertising, trademark infringement and unfair competition.
Australia Competition Regulator Blocks TPG-Telstra Network Sharing
TPG Telecom said it will consider appealing after a second competition regulator blocked its plan to share rival Telstra’s regional mobile network.
SEC Says Insight Partners Overcharged Management Fees
U.S. regulators said technology investment firm Insight Partners charged excessive fees and failed to disclose a conflict of interest related to fee calculations to investors over a number of years ending in 2021.
FedEx Quarterly Sales Fall 10% as Shipping Struggles Continue
The delivery company plans to merge Express, Ground networks in Canada.
Source: Dow Jones Newswires