TC Roundup: Japan's SoftBank third quarter profit slips 5.9%, dragged down by Sprint costs
Japan's SoftBank third quarter profit slips 5.9 percent, dragged down by Sprint costs: Japan's SoftBank Corp said third-quarter operating profit slid nearly 6 percent, missing estimates, as the ambitious mobile telecom firm continues to soak up the cost of trying to turn around loss-making U.S. unit Sprint Corp.
SoftBank, which launched a surprise takeover of the number 3 U.S. carrier for more than $20 billion in 2012, said on Tuesday its October-December operating profit was 191.4 billion yen ($1.6 billion), down from 203.4 billion yen a year ago. That trailed the 219.1 billion yen average of five analysts' estimates compiled by Thomson Reuters StarMine. (Reuters)
The deal isn't closed yet, one source said. The companies were trying to finish it in time to announce it at this week's Node Summit, but it looks like that might not happen, the source said. (Venture Beat)
More connected cars may mean more hacked cars: Cars may be getting smarter, but that doesn't mean they are getting safer.
As vehicles become more connected to the Internet, automakers are failing to take the necessary measures to protect them against cyberattacks, according to a report released Monday by Sen. Edward J. Markey, D-Mass. (CNBC )
Jack Ma, Alibaba navigate a tangled web in China: Jack Ma is keenly aware of the spectacular rise and fall of Hu Xueyan, a merchant banker who built one of the greatest fortunes of the late Qing dynasty then lost it all. (The Wall Street Journal)