SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits

The Japanese technology investor suffered losses after holdings such as Uber and DoorDash lost value.

 
UPS to Buy Italian Healthcare-Logistics Provider Bomi Group

The acquisition would broaden the Atlanta-based transportation giant's operations in Europe and Latin America.

 
CVS Plans to Bid for Signify Health

CVS is seeking to buy Signify Health, according to people familiar with the matter, as the drugstore and insurance giant looks to expand in home-health services.

 
Carlyle Chief Executive to Step Down

Private-equity firm says Kewsong Lee will step down as CEO immediately and leave the firm at the end of this year.

 
Two Chinese Cities Approve Baidu's Unmanned Self-Driving Taxis

China, seeking to catch up to the U.S. in autonomous driving cars, has been increasingly active in setting up regulations that allow such vehicles on public roads.

 
Oz Minerals Rejects BHP Takeover Proposal

UPDATED: Oz Minerals rejected a nonbinding takeover proposal from BHP Group that values the Australian copper-and-gold mining company at almost $5.8 billion, calling the approach highly opportunistic following a fall in copper prices.

 
Ad Slowdown Spreads Beyond Tech to TV Networks, Publishers

The advertising outlook has become increasingly dim in recent weeks amid signs that rising inflation is beginning to affect consumer spending.

 
Ben & Jerry's to Take On Owner Over Israeli Business

A New York court is set to hear the ice-cream brand's request to block its parent company, Unilever, from selling Ben & Jerry's Israeli business in what lawyers say is a first-of-its-kind case.

 
How One Grocery Chain Is Preparing for a Downturn

Pennsylvania-based Karns Foods said it is readjusting prices weekly and dropping some products as consumers become more cost-conscious and recession fears grow.

 
Eli Lilly, Cummins Speak Out Against Indiana's Abortion Ban

The companies say the state's new restrictions could affect where they add staff; covering travel "may not be enough" to retain talent, Lilly says.

(END) Dow Jones Newswires

August 08, 2022 05:00 ET (09:00 GMT)

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