Japan's Toyota Motor Corp. net income for the nine months (April 1 to December 31) of the fiscal year 2021-2022 rose 45 percent year on year to 2.316 trillion yen ($20 billion), the company said in a report. Diluted earnings per share were 166.45 yen ($1.44) compared with 104.01 yen ($0.9) for the same period in the previous fiscal year. The company's revenue in annual terms increased by 19% - to...

Japanese electronics giant Toshiba Corporation will split into two companies instead of three as previously planned, the company said. "Toshiba announced its intention to split the company into two separate companies instead of three as previously announced," the release said. In November, Toshiba had announced its intention to split into three parts, Infrastructure Service Co., Device Co. and...

Swiss bank Credit Suisse securitized loans to billionaires for yachts and business jets. It sold some of the risks associated with $2 billion in such loans to hedge funds at the end of 2021, the Financial Times found out. Swiss bank Credit Suisse securitized a portfolio of yacht and jet loans to super-rich clients, the Financial Times reported, citing a presentation of the deal to investors. The...

Amazon and Nike began to consider buying home fitness equipment manufacturer Peloton, the WSJ and FT learned. On the back of this news, the company's shares rose 26%. Amazon was among the companies that are interested in buying the home fitness equipment manufacturer Peloton, sources told The Wall Street Journal. Amazon has been in touch with advisers about the potential deal, they said. The...

The most profitable oil company in the world, Saudi Aramco, may additionally float shares worth $50 billion, the WSJ learned. At the current valuation, this is equivalent to 2.5% of the company's shares. The placement, if it takes place, will be the largest in history. Saudi Aramco, the Saudi state-owned oil company, has returned to discussing placement of additional shares on the stock exchange,...

Sony's market value has fallen by $25 billion since the beginning of the year because of a shortage of chips for the PS5 game console. The pressure on the share price was also put by fears of increased competition with Microsoft, which recently agreed to buy Activision. Sony's market value has fallen by $25.71 billion since the beginning of the year because of a shortage of chips, including for...

Softline Group, a provider of integrated technology solutions and information technology services, has announced an increase in its buyback programme from $10 million to $100 million, the company said in a statement. In December, the group announced the launch of the buyback program, which planned to buy back GDRs for up to $10 million during the year. The aim of the programme is to finance the...

US electric car maker Tesla will recall 53,822 vehicles produced between 2016 and 2022 due to a bug in its autonomous driving software that concerns braking in front of a stop sign, according to a release from the US National Highway Traffic Safety Administration (NHTSA). Certain Model S and Model X brand vehicles from 2016-2022, Model 3 from 2017-2022 and Model Y from 2020-2022 are subject to...

Sony Group's video game subsidiary, Sony Interactive Entertainment (SIE), will buy game developer Bungie for $3.6 billion, according to an SIE release. "Sony Interactive Entertainment LLC (SIE) today announced that it has entered into a definitive agreement to acquire Bungie, Inc. (Bungie)," the release reads. The deal is valued at $3.6 billion. The release notes that Bungie will be an...