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"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
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The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
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The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
SoftBank Group's domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange in an initial public offering (IPO) worth 2.4 trillion yen ($21.04 billion), a regulatory filing showed, one of the biggest IPOs ever.
The unit, SoftBank Corp, will list on the Tokyo Stock Exchange on Dec. 19, the filing with the Ministry of Finance showed on Monday.
The IPO will mark the transformation of the parent company from a mobile phone network provider — which successfully challenged Japan's incumbent duopoly — into one of the world's biggest technology investors under Chief Executive Masayoshi Son.
The offering will also provide the group with funds that can be redeployed into more tech investments. SoftBank's bets have been as varied as small gaming startups, ride-hailing firms such as California-based Uber Technologies, and Chinese e-commerce behemoth Alibaba Group.
On sale is 1.6 billion SoftBank Corp shares at an tentative price of 1,500 yen each, raising 2.4 trillion yen and resulting in a market value of 7.18 trillion yen upon listing. The parent will retain a 66.5 percent stake in the newly listed unit.
Additionally, up to 160 million shares worth 240.6 billion yen will be offered in an overallotment if demand is strong. In that case, the total would come close to the $25 billion worth of shares sold by Alibaba in 2014 in the biggest-ever IPO.
The final IPO price will be determined on Dec. 10.