Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
SoftBank has entered an agreement with Japan's most popular messaging service Line to acquire a majority stake in the company's mobile business.
Line Corp, which is dual-listed in New York and Tokyo, said Wednesday that it would enter into a strategic partnership with the Japanese tech giant to expand the provision of its mobile service.
SoftBank will hold a 51 percent stake in Line Mobile, Line's mobile virtual network operator (MVNO), following the allocation of new shares, while Line will hold 49 percent. Line said it expects the transaction to be completed around March.
Ayano Kado, representative director and president of Line Mobile, said in a statement: "Through this partnership between Line — which brought to light a new form of communication in the smartphone generation — and SoftBank — the first carrier in Japan to carry the iPhone and drove the smartphone market — we will bring together our mutual strengths and strive to further improve users' experiences with Line Mobile and continue to provide an appealing service that builds value in response to users' diverse needs."
Kado will continue in her role as Line Mobile's representative director and president, the company said.
SoftBank was not immediately available for comment when contacted by CNBC.
Line, which has 200 million monthly active users globally, is facing increased competition from the likes of Facebook-owned WhatsApp in its four key markets of Japan, Thailand, Indonesia and Taiwan.
The firm said that its MVNO business "continues to grow steadily" despite a slowdown in growth among the broader MVNO market.
The Japanese company also said that it plans to launch a cryptocurrency exchange, loans and insurance to its offering, in addition to its current in-app money transfer and payment service.