Company Overview and News

 
U.S. Senator McConnell says tariffs hurt, urges trade progress

1h reuters
WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell on Wednesday prodded President Donald Trump’s administration to quickly resolve festering trade disputes particularly with China, saying tariffs imposed by other countries in response to Trump’s trade policies are starting to pinch the “red hot” U.S. economy.
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Uber targets valuation of over $100 billion with much-anticipated IPO, sources say

4h japantimes.co.jp
NEW YORK – Uber Technologies Inc. is eyeing a valuation above $100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday.
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Uber IPO could put company value at $120B, report says

2018-10-16 cbc.ca
Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion US, according to a media report.
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Uber proposals value company at $120 billion in a possible IPO: WSJ

2018-10-16 moneycontrol
Uber Technologies Inc could be valued at $120 billion when it finally goes public next year according to recent proposals made by US banks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Uber’s mega $120 billion IPO next year? Wall Street bankers send proposals for huge public issue

2018-10-16 financialexpress
Uber may be launching a mega Rs $120 billion initial public offering (IPO) by next year. Or, maybe not. Wall Streets bankers have sent proposals to the ride-hailing company valuing it at a whopping $120 billion for an IPO that could take place early next year, according to a report by Wall Street Journal.
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The Wall Street Journal: Uber proposals double the company’s value at $120 billion in possible 2019 IPO

2018-10-16 marketwatch
Uber has labored through a series of scandals, from claims of workplace sexual harassment to the alleged theft of trade secrets from rival Alphabet
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Reflecting the nation’s history, sōgō shōsha are unique to Japan

2018-10-16 japantimes.co.jp
The sōgō shōsha‘s organization and business model is unique to Japan. This is, for the most part, because they are a reflection of Japan’s own unique economic development, first during the Meiji Restoration’s period of rapid industrialization and commercialization aimed at building a strong military in the latter half of the 19th century and then in the intensive rebuilding of Japan’s infrastructure and industry in the aftermath of World War II eventually leading to Japan’s transformation as an economic superpower.
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1
Nikkei rebounds on short-covering

2018-10-16 thehindubusinessline
The Nikkei share average rose 0.8 per cent to 22,445.98 in midmorning trade, after tumbling 1.8 per cent on Monday to close at its lowest level since August 21. - Reuters
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52
Microsoft Stock Poised to Benefit From Grab Investment

2018-10-15 investorplace
On October 9, Microsoft (NASDAQ:MSFT) announced a partnership with Grab, the Singapore-based ride-hailing service which has supplanted Uber in Southeast Asia. The deal should boost Microsoft stock over the longer term.
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Toyota and Line to offer voice-controlled AI navigation next summer

2018-10-15 japantimes.co.jp
CHIBA – Toyota Motor Corp. and messaging app provider Line Corp. said Monday they will offer an artificial intelligence platform featuring voice commands for navigation services in Toyota cars in Japan by next summer.
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Nikkei ends at 8-week low, U.S. FX comments hit automakers; Softbank sinks

2018-10-15 reuters
TOKYO, Oct 15 (Reuters) - Japan’s Nikkei ended at an eight-week low on Monday as automakers and other manufacturers were hit by news that Washington would seek a provision about currency manipulation in future trade deals, including with Japan.
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Nikkei drops to 5-week low

2018-10-15 thehindubusinessline
SoftBank Corp tumbled 5.7 per cent, reversing its 4.6 per cent gains on Friday, on concerns over its ties to Saudi Arabia. - Reuters
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Nikkei tumbles to 5-week low, U.S. FX comments hit manufacturers

2018-10-15 reuters
TOKYO, Oct 15 (Reuters) - Japan’s Nikkei fell to a five-week low on Monday as automakers and other manufacturers were hit by the U.S. Treasury Secretary’s comment that Washington wants provisions to deter currency manipulation in its foreign trade deals.
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15
The Zacks Analyst Blog Highlights: Honda, General Motors, Toyota, Ford and Chrysler

2018-10-12 zacks - 1
Chicago, IL –October 12, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Honda Motor Co., Ltd. (HMC - Free Report) , General Motors Company (GM - Free Report) , Toyota Motor Corp. (TM - Free Report) , Ford Motor Co.
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14
China auto sales post biggest drop in 7 years as growth engine stalls

2018-10-12 channelnewsasia
China's car sales fell the most in nearly seven years in September, stoking concerns the world's biggest auto market could contract for the first time in decades this year amid cooling economic growth and a biting trade war.
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