SoftBank abandons $3 billion WeWork share purchase deal

Business / Corporate Apr 2, 2020

SoftBank abandons $3 billion WeWork share purchase deal

SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board. SoftBank had agreed to buy the shares from ...

Sprint and T-Mobile merge into new wireless telecom giant

Business / Corporate Apr 2, 2020

Sprint and T-Mobile merge into new wireless telecom giant

Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant rivaling AT&T and Verizon in size. The companies announced the deal, valued at $31.6 billion (¥3.4 trillion) based on T-Mobile's closing stock price Tuesday, two years ago. It has ...

U.S. college seniors hurried to squeeze in last school memories

World Apr 1, 2020

U.S. college seniors hurried to squeeze in last school memories

It was during Act 1 of the final dress rehearsal for Puccini’s “La Rondine” at the Peabody Conservatory that the school president sent out an email canceling all nonessential gatherings because of the coronavirus pandemic. Cast members quickly messaged friends, who streamed into the theater ...

National Apr 1, 2020

151 Japanese nationals to return on plane chartered by Poland

A total of 151 Japanese nationals will return home from Poland on a flight chartered by the Polish government, the Polish Embassy in Japan said Wednesday. The flight will carry back Polish nationals who have been unable to leave Japan because direct flights between the ...

U.S. and South Korea near tentative troop-funding deal, report says

Asia Pacific Apr 1, 2020

U.S. and South Korea near tentative troop-funding deal, report says

The U.S. and South Korea have tentatively reached a military cost-sharing agreement, the Yonhap news agency reported, potentially ending months of bickering over demands from the administration of U.S. President Donald Trump for a massive increase. The announcement could come as early as Wednesday, the ...

Kurdish forces end riots by Islamic State prisoners in Syria

World Mar 31, 2020

Kurdish forces end riots by Islamic State prisoners in Syria

Kurdish-led forces have successfully put down riots by Islamic State militants in a prison in northeast Syria with none of the prisoners escaping the facility, the top commander of the U.S.-backed forces said. Mazloum Abdi of the Syrian Democratic Forces tweeted shortly before midnight on ...

U.S. spies unclear on COVID-19 spread in China, North Korea and Russia

World Mar 31, 2020

U.S. spies unclear on COVID-19 spread in China, North Korea and Russia

As U.S. spy agencies seek to assemble a precise picture of the world's coronavirus outbreaks, they are finding serious gaps in their ability to assess the situation in China, Russia and North Korea, according to five U.S. government sources familiar with the intelligence reporting. The ...