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Editorial Results (free)

1. SoftBank profit declines following Sprint perk a year ago -

TOKYO (AP) — Japanese technology company SoftBank's fiscal first quarter earnings dropped 39% because of the absence of the cash benefit from the merger of Sprint, which boosted its profits a year ago.

2. Is Japan's remarkable vaccine drive in time for Olympics? -

TOKYO (AP) — After months of frustration and delay, Japan has hit the remarkable benchmark of 1 million vaccines a day. But with the Olympics set to start in less than a month, and only a small portion of the country vaccinated, a question lingers: Is it enough?

3. Major Japan newspaper Asahi calls for Olympic cancellation -

TOKYO (AP) — Japan's Asahi Shimbun newspaper on Wednesday called for the Tokyo Olympics to be canceled with the games set to open in less than two months.

It is the first of Japan's major newspapers to make the move and joins some regional newspapers that have recently added to the growing opposition to holding the Olympics.

4. Japan's Nikkei at 30-year high after Trump OKs stimulus -

World stocks rose Tuesday, with Japan's Nikkei 225 benchmark hitting a 30-year high after President Donald Trump signed a $900 billion economic aid package.

Wall Street set fresh records on Monday after Trump opted not to veto the bill, helping to staunch uncertainty as governments reimpose pandemic-fighting travel and business curbs weighing on global economic activity.

5. Japan's SoftBank back in the black as investments improve -

TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value.

6. Market debut of Chinese e-finance giant Ant postponed -

HONG KONG (AP) — The planned stock market debut of the world's biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting $34.5 billion initial public offering that highlighted China's recovery from the coronavirus pandemic.

7. SoftBank to buy back $41 billion in assets to trim debt -

BANKGOK (AP) — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden.

8. Newspaper chain GateHouse buying Gannett, USA Today owner -

NEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline in printed editions.

GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. The combined company would have more than 260 daily papers in the U.S. along with more than 300 weeklies. It would be the largest U.S. newspaper company by far, with a print circulation of 8.7 million, 7 million more than the new No. 2, McClatchy, according to media expert Ken Doctor.

9. SoftBank sets up $108B investment fund, with no Saudi money -

TOKYO (AP) — Japanese internet company SoftBank Group Corp. has set up a new fund for investing in technologies such as artificial intelligence.

Tokyo-based SoftBank said Friday its $108 billion Vision Fund 2 includes $38 billion from SoftBank. The rest is from Apple, FoxConn Technology Group, Microsoft Corp., Japanese banks and other companies.

10. VW, Ford broaden alliance to autonomous, electric vehicles -

NEW YORK (AP) — Volkswagen will sink $2.6 billion into a Pittsburgh autonomous vehicle company that's mostly owned by Ford as part of a broader partnership on electric and self-driving vehicles, the companies confirmed Friday.

11. States sue to stop $26.5 billion Sprint-T-Mobile deal -

NEW YORK (AP) — A group of state attorneys general led by New York and California filed a federal lawsuit Tuesday to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm.

The state attorneys general said the promised benefits, such as better networks in rural areas and faster service overall, cannot be verified, while eliminating a major wireless company will immediately harm consumers by reducing competition and driving up prices for cellphone service.

12. China mum on Trump-Xi meeting as Huawei says sales slowing -

SHANGHAI (AP) — Attention is turning to a possible meeting of President Donald Trump with Chinese leader Xi Jinping at a summit in Japan later this month as the next step in the vexing trade standoff between the two biggest economies.

13. Toyota reports dip in quarterly profit, projects recovery -

TOKYO (AP) — Japan's top automaker Toyota said Wednesday its profit for January-March fell 4% as vehicle sales lagged in North America, while smaller car manufacturer Honda reported a loss.

Toyota Motor Corp. recorded a quarterly profit of 459.5 billion yen, or $4.2 billion, down from 480.8 billion yen in the same period the previous year. Quarterly sales rose 2% to 7.75 trillion yen ($70 billion), the company said.

14. GM Cruise autonomous vehicle unit gets $1.15B investment -

DETROIT (AP) — A group of institutional investors is sinking $1.15 billion into GM Cruise LLC, the autonomous vehicle unit of General Motors.

Cruise announced the investment from a group led by T. Rowe Price on Tuesday and said it included money from GM, Honda and Japanese tech investment firm SoftBank.

15. Toyota, SoftBank fund, Denso invest $1 billion in Uber -

TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.

16. Uber reveals strong growth, huge losses ahead of IPO -

SAN FRANCISCO (AP) — Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation.

17. Toyota, SoftBank setting up mobility services joint venture -

TOKYO (AP) — Japan's No. 1 automaker Toyota Motor and technology giant SoftBank Group are setting up a joint venture to create mobility services in what they called a "united Japan" effort to face global competition.

18. Strong economic signs lift US stocks; bond prices drop -

NEW YORK (AP) — Encouraging reports on hiring and growth in the service sector sent small companies and banks higher Wednesday and knocked bond prices into a tailspin. The yield on the benchmark 10-year Treasury note spiked to its highest level in more than seven years.

19. Uber valued at about $62B in new offer to buy company stock -

Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion.

The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company's stock. They're offering $40 per share, giving Uber a valuation that's nearly 30 percent above the $48 billion set in a January stock sale.

20. Sprint, T-Mobile have to sell $26.5B deal to antitrust cops -

NEW YORK (AP) — To gain approval for their $26.5 billion merger agreement, T-Mobile and Sprint aim to convince antitrust regulators that there is plenty of competition for wireless service beyond Verizon and AT&T.

21. Uber, Waymo settle trade secrets clash -

SAN FRANCISCO (AP) — Uber has settled a lawsuit alleging that it ripped off self-driving car technology from Google's autonomous vehicle division.

Under the surprise deal, the ride-hailing service will pay Waymo, which is part of Alphabet, Inc., a stock settlement valued by Waymo at $245 million.

22. Stocks around the world take a pause ahead of frenetic week -

NEW YORK (AP) — Stocks retreated from their record highs on Monday, ahead of a frenetic week for markets.

Investors are waiting to learn who the next head of the Federal Reserve will be, what several of the world's biggest central banks will decide on interest rates, and whether Apple and other big U.S. companies can keep piling their profits higher. In the meantime, reports continued to show that the economy is strengthening and negotiations continued in Washington to cut income-tax rates.

23. AP FACT CHECK: Trump takes credit where it's not deserved -

WASHINGTON (AP) — The start of a new administration is never a clean slate, even when parties flip. Day One is just another day for military operations, a budget that is still in place from the old crowd and a vast array of economic, social and law enforcement initiatives left over from the last president.

24. Trump: Japanese mogul pledges $50 billion US investment -

WASHINGTON (AP) — After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs over an unspecified time period.

25. Phone and bank stocks push indexes higher; Dow at record -

NEW YORK (AP) — Stocks posted slight gains on Tuesday, sending the Dow Jones industrial average to another record, helped by shares of telecommunications companies such as Verizon, Sprint and AT&T.

26. Stocks inch higher, send S&P 500 to another record -

NEW YORK (AP) — Stocks ticked higher Monday as investors looked past this weekend's failed coup attempt in Turkey and nudged the Standard & Poor's 500 index to another record.

The S&P 500 rose 5.15 points, or 0.2 percent, to 2,166.89. It was the fifth time in the last six days that the index set a closing high. The Dow Jones industrial average rose 16.50, or 0.1 percent, to 18,533.05. The Nasdaq composite rose 26.19, or 0.5 percent, to 5,055.78.

27. Buying a house? Here’s 12 things you must do -

Anyone buying any home anywhere should have a checklist of things to do. In this area, there are several.

  • Get a home inspection. Old or new, things may not be what they seem. As attorney Jean Harrison says of new homes, “Passing codes means they got at least a D-.” A home that has been pre-inspected could have serious flaws undiscovered by the seller’s inspector.
  • Hire a real estate agent. No one with any sense would go to court and use the other person’s attorney to represent them in order to save three percent. By the way, you won’t save the three percent.
  • Have a survey conducted. Who knows who owns what without a survey? Veteran real estate agents and surveyors have more war stories in this regard than any. There have been entire houses built upon the wrong lots, and the same goes for driveways, swimming pools, fences, walls and bridges.
  • Have a radon test and have it mitigated if the reading is over four pica curies, as in Madame Curie, you know, the radiation person. Radon causes cancer. Period. The end. If you don’t want cancer, rid the space of the radon.
  • Treat the house for termites. A clear termite letter means the termites did not swarm at the exact moment of the inspection. The bugs are in the dirt and they will eat your house, at least the wooden part.
  • Have a licensed HVAC contractor inspect the HVAC. If they disassemble the unit during inspection and find it to be dangerous, they are forbidden to re-assemble it. The home owner is going to require heat or conditioned air, so it will be repaired.
  • Have your insurance agent run a CLUE report prior to the inspection to determine if claims have been filed against the house.
  • Check for outstanding building permits.
  • If the house is sheathed in synthetic stucco, have several feet of the sheathing removed all around the house.
  • If there is water beneath the house, get it out.
  • Don’t have the homeowner fix the problems. The jobs will go to the lowest bidder.
  • When the sellers give you money, use it to make the repairs. The Palm is tempting, but they don’t treat termites.

As the Facebook people say, “That is all.”

28. China's Alibaba seeks blockbuster IPO in US -

SAN FRANCISCO (AP) — Alibaba Group, the king of e-commerce in China, is dangling a deal that could turn into one of the biggest IPOs in history.

In a long-awaited move Tuesday, Alibaba filed for an initial public offering of stock in the U.S. that could surpass the $16 billion that Facebook and its early investors raised in the social networking company's IPO two years ago.