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Pregnant woman killed in Columbia, Maryland; baby in critical condition This Beloved Fast-Food Taco Restaurant Is Seeing Sales Plummet SoftBank Plans to Keep a Stake in Arm After Partial Sale: Nikkei

(Bloomberg) -- SoftBank plans to keep a stake in the chip designer Arm, even if it sells a partial interest to Nvidia, Nikkei reported.

© Photographer: Kiyoshi Ota/Bloomberg Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., bows during a news conference in Tokyo, Japan, on Wednesday, Feb. 12, 2020. In a sign of continuing struggles with its startup investments,�SoftBank�lost money again in its Vision Fund, one quarter after the Japanese company posted a record quarterly loss driven by the meltdown at�WeWork. The companies are currently negotiating terms, Nikkei reported citing sourcesSoftBank may take a stake in Nvidia after it buys Arm Nvidia and Arm may also merge through a share swap, and SoftBank would become a major shareholder in the combined company NOTE: July 31, Nvidia Said in Advanced Talks for SoftBank Chip Company Arm

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©2020 Bloomberg L.P.

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Manulife Shares Jump After Profit Beats Estimates on U.S. Claims

Tennessee Supreme Court vacates ruling that would have allowed all registered voters in the state to vote absentee in 2020 USDA issues public health alert, warns of products containing recalled onions linked to salmonella outbreak Manulife Shares Jump After Profit Beats Estimates on U.S. Claims

(Bloomberg) -- Manulife Financial Corp. shares rose the most in two months after posting second-quarter earnings that topped analysts’ estimates thanks in part to lower insurance claims in the U.S. and Canada.

Shares of Canada’s largest life insurer rose as much as 5.4% in Toronto trading, their biggest intraday increase in two months. Manulife on Wednesday reported a 7.5% increase in core earnings to C$1.56 billion ($1.17 billion), or 78 Canadian cents a share, beating the 62-cent average estimate of 14 analysts in a Bloomberg survey.

Manulife’s “better-than-expected results were driven by the U.S. and Canada on favorable policyholder experience,” RBC Capital Markets analyst Darko Mihelic said in a note to clients, citing gains from the U.S. long-term care business and in the Canada group business.

© Bloomberg Shares rise after profit tops estimates

U.S. earnings led the growth, with a 37% surge from a year ago, followed by a 9.6% earnings jump from its Canadian division. Net income fell 52% to C$727 million after Manulife recorded losses of C$916 million from investments and C$495 million tied to interest rates, partly countered by improving equity markets.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.


Video: Heineken saw a 'sequential improvement all through the second quarter,' CEO says (CNBC)

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