The tortuous sale of Toshiba’s memory chip unit looks like it may still have at least one more twist left in it, with Western Digital resubmitting a bid with KKR for the Japanese conglomerate’s most prized asset.
Sales fell at Debenhams during the past three months and the department store chain became the latest UK retailer to warn about the potential impact of an economic slowdown, saying there was a risk “market volatility” could hit profits.
Arconic, the US company that produced the cladding panels in place on London’s Grenfell Tower when it was gutted by fire, has said it will stop selling the flammable version of the tiles for use in high-rise buildings.
Shares in SoftBank recovered some poise after dipping in mid-morning trade following a report Sprint, the Japanese conglomerate’s US mobile business, had entered into exclusive talks with Charter Communications and Comcast to provide them with access to its network.
Brazil’s president Michel Temer has been indicted for corruption – the first time since the return of democracy in the 1980s in Latin America’s largest country that a president has faced criminal charges.
The number of Americans without health insurance would rise by 22m within a decade to a total of 49m under a Senate bill Republicans are pushing as part of their effort to replace Obamacare, according to a new estimate from the arm of Congress that analyses legislative proposals.
The Congressional Budget Office on Monday said that a plan put forward by Senate Republicans to replace the Affordable Care Act would see the number of uninsured Americans increase by 22m, compared with that under Obamacare, and would sharply lower funding for Medicaid.