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SoftBank to Offer to Buy Uber Shares at Roughly 30% Discount

SoftBank to Offer to Buy Uber Shares at Roughly 30% Discount

SoftBank has told stakeholders in Uber that it will initially offer to buy shares at a nearly 30% discount to the company’s most recent valuation of $68 billion.

Published 1 year ago

Auto Executives Meet With Pence on Nafta Concerns

Auto Executives Meet With Pence on Nafta Concerns

Top executives from Detroit’s auto makers met with Vice President Mike Pence in Washington Monday, reiterating concerns that potential changes to Nafta could disrupt the industry’s intricate supply chains.

Published 1 year ago

Wells Fargo Bankers, Chasing Bonuses, Overcharged Hundreds of Clients

Wells Fargo Bankers, Chasing Bonuses, Overcharged Hundreds of Clients

Employees say lofty rewards tied to revenue pushed staff to ignore agreed-upon fees. Years of whispers were confirmed in a conference call.

Published 1 year ago

Trump Refers to ‘Pocahontas’ While Hosting Native-American Veterans

Trump Refers to ‘Pocahontas’ While Hosting Native-American Veterans

President Donald Trump used his Indian nickname for a political foe during a White House event honoring a group of Native American men for their World War II service.

Published 1 year ago

Powell Seeks to Support Economy, Defend Fed Independence

Powell Seeks to Support Economy, Defend Fed Independence

Federal Reserve governor Jerome Powell will strive to support the economy’s continued progress toward full recovery and will defend the central bank’s independence if confirmed as its next leader, he will tell a Senate panel Tuesday when it considers his nomination.

Published 1 year ago