Monthly Archive: May 2018

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Torstar reports $14.5M first-quarter loss compared with $24.3M loss a year ago

TORONTO — Torstar Corp. says it lost $14.5 million in its first quarter compared with a loss of $24.3 million in the same quarter last year. The newspaper publisher says the loss amounted to 18 cents per share for the quarter ended March 31 compared with a loss of 30 cents per share for the […]

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The Latest: Softbank chief confirms deal to sell Flipkart

TOKYO — The Latest on Softbank’s plan to sell its stake in India’s Flipkart to U.S. retail giant Walmart (all times local): 6:00 p.m. The head of Japanese technology company SoftBank Group Corp. says it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart. Softbank founder and CEO Masayoshi […]

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Emirates airline posts boost in annual profits to $762M

DUBAI, United Arab Emirates — Emirates, the Middle East’s largest airline, says revenue improved over the past fiscal year, reaching $25.2 billion, with profits rising to $762 million. The Dubai-based airline credited a recovery in the global air cargo industry and the strengthening of key currencies against the U.S. dollar for the boost. Last year, […]

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SoftBank confirms deal to sell Flipkart stake to Walmart

TOKYO — The head of Japanese technology company SoftBank Group Corp. said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart. Softbank founder and CEO Masayoshi Son did not give details in confirming the deal, which has been widely anticipated. He mentioned the agreement while discussing the […]