SoftBank said it had fired the China CEO of its semiconductor design firm Arm Ltd., after investigating whistleblower complaints and finding “serious irregularities.” In a twist, the China unit of Arm said the CEO was still in charge. SoftBank acquired Arm, which is based in the U.K., for $32 billion in 2016, and in 2018 sold a controlling stake of its China-based business to Chinese investors...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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