Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
Shares of Dish Network jumped more than 2 percent in midday trading Tuesday after a report said SoftBank was exploring a possible merger of Sprint, the U.S. wireless company it controls, and the American satellite television provider.
Masayoshi Son, chairman of both SoftBank and , is seeking to pair his telecom company with a U.S. television distributor in an effort to gain better exposure to the growing Internet of Things industry. A report in the Japanese press said Son's latest target is Dish.
Son already offered a deal to and, as of Monday, was still pursuing an effort to acquire the cable giant. Reports of SoftBank's interest in combining Sprint with Charter first surfaced late Friday, and Sunday night Charter released a statement that was intended to make it clear it has no interest in seeking a union.
Regardless, SoftBank lined up financing for an offer to buy Charter and merge it with Sprint in a new company, sources told CNBC. The offer was to be at least 50 percent cash, with the remainder in shares of the new company.
While Charter has a market value of $95.5 billion, Dish has a less hefty $30.7 billion market value, according to FactSet.
Son wants to combine Sprint's 2.5 GHz wireless spectrum with the infrastructure of a cable television distributor to roll out 5G wireless services in the U.S., what would be the next-generation mobile network technology. A failed attempt in 2013 to merge with fellow wireless carrier sent Son into talks with Charter and . But those exclusive talks ended last month.
While Son may be showing strategic flexibility in pursuing a different merger partner for Sprint, his actions are also seen by some as having a hint of desperation given talks with Sprint's preferred merger partner, T-Mobile, have not advanced.