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Bitcoin Dips To Lowest Since February Amid China Crypto Warning


May 19 2021, 11:21 AM
May 18 2021, 8:29 PM
May 19 2021, 11:21 AM
(Bloomberg) Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment.
(Bloomberg) Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment.
The largest token fell below $40,000 for the first time since early February, dropping as much as 10% to $38,973 on Wednesday and continuing a weeklong slide sparked by Elon Musk’s back-and-forth comments on Tesla Inc.’s holdings of the coin. Ether, Dogecoin and last week’s sensation, Internet Computer, also retreated. ....

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SoftBank Plans $3.7 Billion Bond Sale in Yen After Record Profit


May 19 2021, 12:18 PM
May 19 2021, 7:26 AM
May 19 2021, 12:18 PM
(Bloomberg) SoftBank Group Corp. is planning its second yen-denominated bond offering of 2021 after recently posting the biggest-ever quarterly profit by a Japanese company.
(Bloomberg) SoftBank Group Corp. is planning its second yen-denominated bond offering of 2021 after recently posting the biggest-ever quarterly profit by a Japanese company.
The technology conglomerate plans to issue 405 billion yen ($3.7 billion) of bonds, targeting mainly individual investors, according to a statement by the group on Wednesday. SoftBank reported net income of 1.93 trillion yen for the three months ended March 31, with essentially all of that coming from its investment in the newly public Coupang Inc. ....

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Ladbrokes Parent Goes From Prey to Hunter in Casino-Merger Boom


Ladbrokes Parent Goes From Prey to Hunter in Casino-Merger Boom
May 20 2021, 3:02 AM
May 19 2021, 11:30 AM
May 20 2021, 3:02 AM
(Bloomberg) Entain Plc, the owner of Ladbrokes betting shops, is considering making a bid for some William Hill assets, targeting a competitor just months after rebuffing an unsolicited $11 billion takeover approach from MGM Resorts International.
(Bloomberg) Entain Plc, the owner of Ladbrokes betting shops, is considering making a bid for some William Hill assets, targeting a competitor just months after rebuffing an unsolicited $11 billion takeover approach from MGM Resorts International.
Chief Executive Officer Jette Nygaard-Andersen, who took over in January, plans to look at the non-U.S. assets of William Hill Plc that Caesars Entertainment Inc. is putting up for sale, including the well-known U.K. properties. ....

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Apple Begins App Store Defense After Epic Rests Its Case


May 18 2021, 6:29 AM
May 17 2021, 10:44 PM
May 18 2021, 6:29 AM
(Bloomberg) Apple Inc. began Monday to present its case in the closely watched antitrust trial with Epic Games Inc. a defense that will include testimony from Chief Executive Officer Tim Cook.
(Bloomberg) Apple Inc. began Monday to present its case in the closely watched antitrust trial with Epic Games Inc. a defense that will include testimony from Chief Executive Officer Tim Cook.
Epic already has presented witnesses for two weeks in federal court in Oakland, California. First up on the witness stand for Apple is Phil Schiller, an Apple Fellow who runs the App Store and previously was its senior vice president of worldwide marketing for decades. ....

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Irish Health Care System Suffers New Cyber Attack, RTE Reports


May 17 2021, 5:56 AM
May 16 2021, 5:37 PM
May 17 2021, 5:56 AM
(Bloomberg) Ireland’s Department of Health said it also faced a cyber attack as the country’s health service grapples with a third day of disruption after hackers prompted the shutdown of its computer systems.
(Bloomberg) Ireland’s Department of Health said it also faced a cyber attack as the country’s health service grapples with a third day of disruption after hackers prompted the shutdown of its computer systems.
The Department of Health confirmed Sunday that it was also subjected Thursday to a ransomware attack, similar to the one carried out against the Health Service Executive, which runs the country’s national health system. ....

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