US President Donald Trump has issued an executive order banning U.S. transactions involving Chinese social media and video game leader Tencent Holdings Ltd, owner of messaging app WeChat, on national security grounds.
SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
Buffett sold 84% of his stake in Goldman Sachs, a longtime holding.
L Brands and Sycamore Partners have agreed to scrap their plans to take Victoria’s Secret private, dropping a pact that was reached just weeks before coronavirus forced the lingerie retailer to shut its stores.
An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb's hedge fund Third Point LLC plans to challenge a $600 million financing package that Neiman Marcus Group has lined up for its looming bankruptcy, and will push the U.S. department store operator to sell itself, people familiar with the matter said on Sunday.