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SoftBank books $5.2 billion quarterly loss as investments and weak yen bite

TOKYO (Reuters) -SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese giant took a hit from the bankruptcy of the once high-flying WeWork and wrote down the value of tech investments. It was a fresh reminder of the volatility inherent in founder Masayoshi Son's strategy of betting big on often risky start-ups. WeWork sought U.S. bankruptcy protection on Monday, cementing the remarkable fall of a start-up that had once bee...
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Source: yahoo.com

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Toyota more than doubles quarterly profit, raises annual forecast

TOKYO (Reuters) -Toyota Motor more than doubled its second-quarter profit and sharply raised its full-year outlook on Wednesday, as a weaker yen currency bolstered the impact of robust global sales. Toyota said it sold more cars in all global regions, including the United States, Asia and its home market, over the six months to end-September compared to the same period a year earlier. After years of criticism for being slow to embrace battery electric vehicles, Toyota in June unveiled a sweep...
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Source: yahoo.com

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