Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States.

U.S. stock indexes trimmed some of their stellar gains for the year.

President-elect Donald Trump told reporters that he would consider pardoning embattled New York Mayor Eric Adams, said the country was “not going to lose” the polio vaccine and weighed in on the flurry of drone sightings over New Jersey during a freewheeling press conference Monday at his Mar-a-Lago club.

President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years.

Shares of U.K. chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years.

Japanese technology investor SoftBank Group is reporting a loss of 970 billion yen, or $7 billion, for the fiscal year that just ended.

Japanese technology company SoftBank Group has dropped into losses as the value of its investments declines.

Japanese technology investor SoftBank says its planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through.

Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving.

Jakarta is congested, polluted, prone to earthquakes and rapidly sinking into the Java Sea.

SoftBank Group says it sank into red ink for the July-September period, hit by losses on its investments in China.

After flourishing for two decades with little regulation, China’s internet industries face a future of tighter control by the ruling Communist Party and pressure to pay for its tech ambitions, social welfare and propaganda.

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.

Japanese technology company SoftBank denies it’s pulling the plug on its friendly, bubble-headed Pepper robot.

Japanese companies have joined the effort to speed up the country's lagging coronavirus vaccine rollout before the Tokyo Olympics begin next month.

Japan's Asahi Shimbun has called for the Tokyo Olympics to be canceled.

Comments from an IOC vice president saying the Tokyo Olympics will go on even if the city is under a COVID-19 state of emergency have stirred a backlash in Japan.

Japanese technology conglomerate SoftBank Group Corp. says it returned to profitability in the fiscal year that ended in March, boosted by the strong performance of its sprawling investments as stock prices surged.

Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value(AP Photo/Koji Sasahara)Copyright 2021 The Associated Press. TOKYO – Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank's profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its investments rose, including in DoorDash, a U.S. food delivery service, and Uber, a U.S. technology company that offers ride-hailing and deliveries. SoftBank has an array of investments, mostly in technology companies, through its Vision Funds.

Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. (AP Photo/Koji Sasahara)TOKYO – Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $13 billion, from 1.29 trillion yen. Japan and the Pepper companion robot, and in its SoftBank mobile carrier in Japan, the first to offer the iPhone in Japan.

Son, the chief executive of Japanese technology company SoftBank Group Corp. said Thursday, June 25, 2020, that he is stepping down from the board of Chinese e-commerce giant Alibaba. (AP Photo/Shizuo Kambayashi)TOKYO Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Last month, Alibaba founder and Chinese billionaire Jack Ma left SoftBank's board. Earlier, SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto. He is also chief executive of Cadence Design, a U.S. electronic design automation software and engineering services company.

Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments, including troubled office space-sharing venture WeWork. (AP Photo/Eugene Hoshiko)TOKYO Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. Tokyo-based SoftBank had reported a profit of 1.4 trillion yen the previous fiscal year. SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto. Also Monday, SoftBank said it was buying back its own shares, of up to 500 billion yen ($4.7 billion) in value, to shore up its bottom line.

TOKYO Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. Tokyo-based SoftBank announced Ma's resignation Monday, ahead of releasing financial results. SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto. He is also chief executive of Cadence Design, a U.S. electronic design automation software and engineering services company. Ma, who joined the SoftBank board in 2007, has a close relationship with SoftBank founder and Chief Executive Masayoshi Son.

SoftBank reported operating losses of $6.5 billion after market close on Wednesday, weighed down by a massive hit to its tech fund. TOKYO - Shares in SoftBank fell as much as 4% in Tokyo on Thursday after the company reported worse than expected losses for the third quarter. SoftBank reported operating losses of $6.5 billion after market close on Wednesday, weighed down by a massive hit to its tech fund. In Hong Kong, shares in Hong Kong Exchanges and Clearing fell 0.3%. The company, which operates the Hong Kong Stock Exchange, reported net profits of 2.2 billion Hong Kong dollars ($280 million) for the third quarter, slightly lower than market expectations.

SoftBank on Wednesday reported an operating loss for the most recent quarter of 970.3 billion yen ($8.9 billion) on its mega tech funds including the Vision Fund, which holds investments in Uber, WeWork, Slack and other major startups. The group reported losses of 704 billion yen ($6.5 billion) for the three months that ended in September, far worse than the 48.1 billion yen ($442 million) analysts polled by data provider Refinitiv had expected. SoftBank had reported operating profits of 706 billion yen ($6.5 billion) for the same period a year earlier. Before the bailout, the Vision Fund and SoftBank had already invested nearly $11 billion into WeWork. SoftBank's rescue package valued WeWork at about $8 billion less than half the total amount of money SoftBank and the Vision Fund have poured into the company.

(CNN) - Some WeWork board members want to remove Adam Neumann as chief executive of the company, the Wall Street Journal and other outlets reported Sunday, citing people involved in the talks. CNBC reported Softbank CEO Masayoshi Son supports Neumann's removal, according to a person familiar with the matter. WeWork declined to comment for this story, citing the quiet period ahead of its public offering. Ronald Fisher, vice chairman at Softbank, and Mark Schwartz, former board director at Softbank, joined the company's board as part of a 2017 $4.4 billion investment in We by Softbank. But Neumann, who is one of seven board members, is We's controlling shareholder, giving him the power to fire the board.

Kiyoshi Ota / Getty StringerTOKYO - SoftBank is launching another mega tech fund. The Japanese tech company said Friday that it expects to raise $108 billion for the new Vision Fund 2 from the likes of Apple, Foxconn, Microsoft and Kazakhstan's investment fund. Vision Fund 2 will plow money into tech startups driven by artificial intelligence. Son launched his first huge tech fund in May 2017, with nearly half the money coming from the Saudi government. But the kingdom is absent from the list of roughly a dozen companies, banks and institutions listed as partners for Vision Fund 2.