Business Dec 31, 2019

Nestle wraps up share buyback and cooks up another

Swiss food giant Nestle wrapped up Monday a huge share buyback program launched in 2017, and confirmed another is imminent as it pursues a shake-up of its vast brand portfolio. A Nestle statement said the group had completed a share buyback program worth €20 billion ...

SoftBank eyes WeWork rescue valuation below $8 billion

Business / Corporate Oct 19, 2019

SoftBank eyes WeWork rescue valuation below $8 billion

SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions. The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January. ...

Japan to tighten foreign investment rules for national security

Business Oct 3, 2019

Japan to tighten foreign investment rules for national security

The government is preparing to tighten regulations on foreign investment in Japanese companies that do work in areas sensitive to national security, including space development and nuclear energy, government sources said Thursday. The government will revise the foreign-exchange law to require that foreign investors seek ...