SoftBank boosts earnings with tech investment sales

SoftBank boosts earnings with tech investment salesJapan’s SoftBank Group Corp reported a 49 percent jump in quarterly profit on Monday, boosted by the sale of its stake in Indian e-commerce giant Flipkart in the first public divestment by the conglomerate’s massive Vision Fund. SoftBank, which is planning to list its domestic telecoms business, also said profit was bolstered by the sale of most of the Chinese operations of chip design unit ARM Holdings. The sales are the first signs of SoftBank monetising its investments after pumping billions of dollars into technology companies around the world yet taking little profit.


Source: Yahoo! News

Insurance Business Drives Berkshire Hathaway Inc. (BRK.B) Earnings Beat

Insurance Business Drives Berkshire Hathaway Inc. (BRK.B) Earnings BeatBerkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) stock gained 2 percent on Monday morning after the company reported yet another solid quarter of growth on Saturday. Analysts say Berkshire has consistently generated exceptional revenue growth and profit margins, and Berkshire may soon be even more aggressive with its cash. Berkshire reported second-quarter adjusted earnings per A-class share of $7,301 beating consensus analyst expectations of $3,387.


Source: Yahoo! News

This week's top stories: 2018 iPhone dummy images, new iPad Pro details, AAPL earnings, more

  1. This week’s top stories: 2018 iPhone dummy images, new iPad Pro details, AAPL earnings, more  9to5Mac
  2. ‘iPhone X Plus’ design seemingly revealed in iOS 12 beta  AppleInsider
  3. A big iPhone X Plus leak just came from Apple’s own software  BGR
  4. Apple Loop: New iPhone X Leaks, iPad Pro Future Revealed, Apple’s Risky iPhone 9 Decision  Forbes
  5. Full coverage


Source: Google News -Technology