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Liberia's Weah concedes election defeat to Boakai
  + stars: | 2023-11-18 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsLiberia's Weah concedes election defeat to BoakaiPostedLiberia is set for its second democratic transfer of power in seven decades after football-star-turned-president George Weah called to congratulate former vice-president Joseph Boakai on his election victory. David Doyle has more.
Persons: Liberia's Weah, Boakai, George Weah, Joseph Boakai, David Doyle Locations: Liberia
David began his piano studies when he was 11 and was 16 when he gave his first public performance, in San Francisco in 1954. By the time he was 18, he had won a handful of scholarships and awards, including the $5,000 John E. Kimber Prize, in 1955, which covered his piano studies for several years. “He yelled at me and was very severe, and I didn’t realize, coming from California, that all he really was, was a New Yorker,” Mr. Del Tredici told American Public Media in 2002. Mr. Milhaud was encouraging, and when Mr. Del Tredici returned to Berkeley, he enrolled in a composition class taught by Seymour Shifrin. He later pointed out that he had never been composer of 12-tone music, the radical departure from traditional tonality pioneered by Arnold Schoenberg.
Persons: David, John E, Kimber, Leonard Shure, ” Mr, Del Tredici, , , , Darius Milhaud, Milhaud, Seymour Shifrin, La Monte Young, Terry Riley, Pauline Oliveros, Earl Kim, Roger Sessions, Arnold Schoenberg Organizations: University of California, Aspen Music Festival, School, New Yorker, American Public Media, La, Princeton University, Times Locations: San Francisco, Berkeley, California, New, La Monte
As the 2024 presidential campaign heats up, experts on extremism fear the threat of politically motivated violence will intensify. Trump's loss to Democrat Joe Biden in the 2020 election did not end the spread of QAnon-influenced conspiracy theories or its unrealized prophecies. “In 2020, millions of people were radicalized on behalf of this conspiracy theory. It’s really hard to tell who is going to mobilize on behalf of a conspiracy theory,” Kane said. “Spending hours and hours consuming conspiracy theory material is intoxicating,” Hughes said.
Persons: Nancy Pelosi's, Donald Trump's, , , Jacob Ware, “ They’re, David DePape, Paul Pelosi, San Francisco, DePape, Nancy Pelosi, Trump, Mark Milley, Brett Kavanaugh, Democrat Joe Biden, movement's, “ It’s, Sheehan Kane, Kane, Michael Jensen, QAnon, ” Kane, Brianna Wu, wasn't, Wu, GamerGate, ” Wu, ” DePape, Brian Hughes, they’ve, ” Hughes, Amarnath Amarasingam, Amarasingam, Ware, Trump's, “ Donald Trump, that’s, Hughes, Olga R, Rodriguez Organizations: Council, Foreign Relations, San, Democratic, Hollywood, Trump, Capitol, Joint Chiefs, Staff, Maryland, Democrat, University of Maryland, 4chan, GamerGate, University of Michigan, American, Research, Innovation, Queen’s University, Associated Press, AP Locations: Washington, North Carolina, United States, Canada, San Francisco
Donald Trump Jr. in court for his family's civil fraud trial in New York. AP Photo/Phelan M. EbenhackThe first defense expert witness: a Trump mega-donorThe third defense witness to take the stand, developer Steven Witkoff, was, like Donald Trump, Jr., hardly an objective source of testimony. But on Tuesday he became Trump's first expert witness, in the field of real estate valuation. His multi-billion-dollar brokerage firm, Lockton Companies, earned $1.2 million last year as Trump's insurance broker, he said. He said he didn't have a real estate license — he doesn't need one to be a broker, he explained.
Persons: , Donald Trump, Donald Trump , Jr, Junior, Donald Trump Jr, David Dee Delgado, Christopher Kise, Trump, Kise, Phelan M, Ebenhack, Steven Witkoff, Witkoff, Trump's, Eduardo Munoz Alvarez, Jason Flemmons, Flemmons, James, Flemmons flubbed, Steven Laposa, Laposa, LIV, Timothy A, Clary, Gary Giulietti, Giulietti Organizations: Trump, Service, New, AP, Republican, Woolworth, Supreme, Securities and Exchange Commission, SEC, Getty, Lockton Companies, Zurich Insurance Group Locations: New York, Manhattan, Trump, New Jersey
Ikeda died on Wednesday evening from natural causes at age 95, Soka Gakkai said in a statement on its website. Soka Gakkai, founded in 1930, says it has 12 million members in 192 countries and territories worldwide. He also founded Soka Gakkai's umbrella organisation, Soka Gakkai International, in 1975, where he served as honorary president from 1979 until his death. But those dropped off in recent years leading to some speculation about his health and role in Soka Gakkai International. In 1947 he met Josei Toda, then leader of the Soka Gakkai organisation, who was to become his mentor.
Persons: Daisaku Ikeda, Ikeda, Zhou Enlai, Mikhail Gorbachev, Arnold Toynbee, Polly Toynbee, Ichi, Josei Toda, Succeeding Toda, Kaneko, Hiromasa, Takahiro, Anton Bridge, David Dolan, William Mallard aand Kim Coghill Organizations: Soka Gakkai, Kyodo, Rights, Soviet, government's, Soka, Soka Gakkai International, SGI, Thomson Locations: Tokyo, Japan, British
TOKYO, Nov 17 (Reuters) - Warren Buffett's vote of confidence in Japanese trading houses is helping Mitsubishi Corp (8058.T) overcome long-held investor wariness about its complex global business that covers everything from sausages to natural gas, a top executive said. "Until fairly recently, being an industrial conglomerate had negative connotations," Kobayashi said in an interview. Appointed as the trading house's first chief stakeholder engagement officer in April, Kobayashi is now focused on wooing investors who focus on growth, not just value. Berkshire first announced roughly 5% stakes in August 2020, with Buffett saying the trading houses "have many joint ventures throughout the world and are likely to have more". read moreStill, Mitsubishi is trading at a price-to-book ratio of just a little over 1, or at almost no premium to the value of its assets.
Persons: Warren Buffett's, wariness, Berkshire Hathaway, Kenji Kobayashi, Kobayashi, Itochu, outperforming, Buffett, Benjamin Graham, that's, Anton Bridge, Miho Uranaka, David Dolan, Miral Organizations: Mitsubishi Corp, Berkshire, Reuters, Mitsubishi, Mitsui, Sumitomo, Tokyo Stock Exchange, Nikkei, Columbia University, Thomson Locations: TOKYO, Berkshire, Japan
A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsTOKYO, Nov 17 (Reuters) - Japan's Panasonic Holdings (6752.T) said on Friday it plans to sell a stake in its automotive systems business to funds managed by U.S. private equity firm Apollo Global Management, and has signed a memorandum of understanding with an Apollo affiliate. Continued investment in the automotive systems business would be necessary to achieve sustained growth for the company amid a rapid shift to electric cars and changes to vehicle architecture, Panasonic said. The automotive unit makes cockpit and electronics systems. It is separate from Panasonic's energy unit that makes batteries for electric vehicles, including those from Tesla (TSLA.O).
Persons: Toru Hanai, Daniel Leussink, David Dolan, Christopher Cushing Organizations: Panasonic Corp, Advanced Technologies, Makuhari, REUTERS, Rights, Japan's Panasonic Holdings, U.S, Apollo Global Management, Apollo, Panasonic, Thomson Locations: JAPAN, Chiba, Japan, Tokyo
Paul Pelosi’s Attacker Found Guilty on Federal Charges
  + stars: | 2023-11-16 | by ( Joseph Pisani | ) www.wsj.com   time to read: 1 min
Footage released by a San Francisco Court on Friday shows the home attack on Paul Pelosi, the husband of the former House Speaker. The alleged intruder, David DePape, has pleaded not guilty to state and federal charges. Photo: San Francisco Superior CourtDavid DePape was found guilty in an attack on former House Speaker Nancy Pelosi’s husband last year that deepened fears of political violence. DePape, 43, was charged in federal court last year with attempted kidnapping of a federal officer or employee and assault of an immediate family member of a federal official. A jury found him guilty Thursday on both counts, the Justice Department said.
Persons: Paul Pelosi, David DePape, Nancy Pelosi’s Organizations: San Francisco, San Francisco Superior, Justice Department
CNN —A jury has found David DePape guilty on two counts in the violent attack on Paul Pelosi, the husband of former House Speaker Nancy Pelosi, last year in the couple’s San Francisco home. Then-House Speaker Nancy Pelosi ultimately factored the attack into her decision to step down from her leadership post. DePape recalled that he was focused on Nancy Pelosi and that her husband, Paul, was not on his list of targets. He later came to in a pool of blood after being violently struck in the head following a struggle with DePape, Pelosi said. A state case against DePape that includes charges of attempted murder, burglary and assault is expected to go to trial later this month.
Persons: David DePape, Paul Pelosi, Nancy Pelosi, DePape, Pelosi, Nancy Pelosi ”, , Jodi, David, Nancy Pelosi’s, , Paul, I’ll, ” DePape, “ She’s, ” Pelosi, “ I’ve, CNN’s Piper Hudspeth Blackburn, Jack Forrest, Paul LeBlanc, Veronica Miracle Organizations: CNN, San, Prosecutors, San Francisco, FBI, United States Capitol Police Locations: San Francisco, Washington
The man who was accused of attacking Nancy Pelosi's husband with a hammer was convicted on Thursday. The October 2022 attack on 82-year-old Paul Pelosi was captured on police body camera footage. The attack on then-82-year-old Paul Pelosi that was captured on police body camera video just days before last year's midterm elections sent shockwaves through the political world. A state trial date will be set during a Nov. 29 hearing, said Randy Quezada, a spokesperson for the San Francisco District Attorney's Office. DePape testified that his plan was to get Nancy Pelosi to admit that she had been lying to the American people.
Persons: Nancy Pelosi's, David Depape, Paul Pelosi, , David DePape, Nancy Pelosi, bludgeoning Paul Pelosi, DePape, Angela Chuang, Helen Gilbert, Randy Quezada, Detectives, Gavin Newsom, Tom Hanks, Joe Biden's, Hunter Biden, Nancy, Pelosi, Donald Trump Organizations: Service, FRANCISCO, San Francisco, Defense, U.S . Department of Justice, San, San Francisco District Attorney's, Prosecutors Locations: Francisco, California, Canadian, San Francisco District, Washington
Trump's lawyers complain to New York Supreme Court Justice Arthur Engoron that their gag order prevents them from complaining more. With no jury, Trump is the audienceThe trial is a bench trial, meaning there's no jury. he quipped to one of Trump's lawyers, Christopher Kise, who had objected to one of his rulings about how to structure several questions. AdvertisementJudge Arthur F. Engoron presides over former President Donald Trump's civil business fraud trial at the New York Supreme Court. Trump's lawyers have hemmed and hawed about Greenfield, Engoron's principal law clerk, who has donated to Democratic politicians.
Persons: Trump's, there's, , Donald Trump, Arthur Engoron, Michael Cohen's, Trump, Letitia James, Engoron, James, Eric Trump, Donald Trump , Jr, Allen Weisselberg, Jeff McConney —, Jamie White, litigator, who's, White, Alina Habba, Christopher Kise, Seth Wenig Engoron, Kise, He's, Randy Zelin, Hillary Clinton, Engoron's, Allison Greenfield, — Trump, Arthur F, Donald Trump's, Mike Segar, Jean Carroll, Carroll, defaming, Trump —, Lewis Kaplan, Kaplan, Donald Trump Jr, David Dee Delgado, Zelin, he's Organizations: Service, Trump Organization, New York, York, AP, US Justice Department, Cornell Law School, Fox News, New York Supreme, Trump, Democratic Locations: York, Manhattan, New, New York, earshot, Greenfield, Woodstock
Jury convicts David DePape, attacker of Nancy Pelosi husband
  + stars: | 2023-11-16 | by ( Dan Mangan | ) www.cnbc.com   time to read: +1 min
Former Speaker of the House of Representatives Nancy Pelosi (D-CA) and her husband Paul Pelosi leave after paying respects, as late Democratic U.S. Senator for California Dianne Feinstein's casket lies in state at San Francisco's City Hall, California, U.S., October 4, 2023. A California federal court jury on Thursday convicted David DePape of crimes related to his brutal hammer attack last year on Paul Pelosi, the husband of former House Speaker Nancy Pelosi, in the couple's San Francisco home. Paul Pelosi, 83, suffered a fractured skull in the early morning attack on Oct. 28, 2022, which occurred when Rep. Pelosi was still serving as speaker. DePape had broken into the Pelosi home, shouting "Where is Nancy, where is Nancy?"
Persons: Nancy Pelosi, Paul Pelosi, California Dianne Feinstein's, David DePape, Pelosi, DePape, Nancy, Paul Pelosi's, Paul Organizations: Democratic U.S, San Francisco's City, San, Rep, Democratic Locations: California, San Francisco's, San Francisco's City Hall , California, U.S, San Francisco, DePape, Washington, Nancy
A jury on Thursday convicted David DePape of federal crimes for breaking into the San Francisco home of Nancy Pelosi and beating her husband with a hammer in an attack last year that raised fears of political violence ahead of the 2022 midterm elections. The jury reached its decision after deliberating for roughly eight hours following a trial that lasted four days. Mr. DePape’s lawyers did not contest the evidence against him, which included police body camera video of the attack on Paul Pelosi and Mr. DePape’s own admissions to the police and on the witness stand. Mr. DePape, 43, faces a possible sentence of life in prison. Defense lawyers had argued to the jury that Mr. DePape’s bludgeoning of Mr. Pelosi, 83, while on a mission to kidnap his wife — then the speaker of the House and second in line to the presidency — did not amount to federal crimes.
Persons: David DePape, Nancy Pelosi, Paul Pelosi, DePape’s, DePape, Mr, Pelosi, Organizations: San Locations: San Francisco
Trump's lawyers asked for a mistrial in their civil fraud trial in New York. AdvertisementThe mistrial filings — from Trump's lawyers Alina Habba, Christopher Kise, and Clifford Roberts — included quotes from the court transcript in which the lawyers first complained about Greenfield. Judge Arthur Engoron talks with his principal law clerk Allison Greenfield during the fraud trial for former President Donald Trump at New York Supreme Court. A summary judgement decision from Engoron — which Trump lawyers complain came less than a week before the trial — has already largely ruled in the attorney general's favor. After the ruling, Trump's lawyers can take it up with an appeals court, which will decide whether to let the trial stand.
Persons: Engoron, , Donald Trump, General's, they've, there's, Allison Greenfield, Arthur Engoron, Greenfield, Trump, Alina Habba, Christopher Kise, Clifford Roberts —, Habba, Judge Arthur Engoron, Michael M Santiago, David Demarest, Demarest, Demerest, Engoron's, Letitia James, Eric Trump, Donald Trump , Jr, general's, James Organizations: Democratic, Service, New York, Trump, Republican, New, Supreme, Association, Justices, Wheatley School, Trump Organization — Locations: New York, Manhattan, Greenfield, Florida
SAN FRANCISCO (AP) — Defense attorneys for David DePape, the man on trial for the attack of former U.S. House Speaker Nancy Pelosi's husband in the couple's San Francisco home, will call witnesses Tuesday as they argue DePape is not guilty of the crimes he's been charged with. Defense attorney Jodi Linker told jurors last week that she won’t dispute that DePape attacked Pelosi. She said that means the charges that DePape was trying to interfere with Nancy Pelosi’s official duties don’t fit. After his arrest, DePape, 43, allegedly told a San Francisco detective that he wanted to hold Nancy Pelosi hostage. Defense attorneys have listed four possible witnesses: Daniel Bernal, Nancy Pelosi’s San Francisco chief of staff; extremism and antisemitism researcher Elizabeth Yates; federal public defender Catherine Goulet; and one unidentified witness.
Persons: David DePape, Nancy Pelosi's, DePape, DePape bludgeoned Paul Pelosi, Jodi, Pelosi, Nancy Pelosi’s, don’t, Paul Pelosi, , Nancy, , Pelosi facedown, Pelosi’s, Stephanie Minor, Nancy Pelosi, Daniel Bernal, Elizabeth Yates, Catherine Goulet Organizations: FRANCISCO, , ., San, Prosecutors Locations: San Francisco, United States, Washington, Nancy Pelosi’s San Francisco
A landlord was arrested and charged with murdering his tenants on Tuesday after three people were found stabbed to death in the bedrooms of a Queens home. The man, David Daniel, 54, turned himself in at a police station Tuesday morning and confessed, said Joseph Kenny, the New York City Police Department’s chief of detectives. Mr. Daniel told the police that two of the victims were his tenants and that they had not paid the rent. Mr. Daniel was “very matter-of-fact” when he approached officers at the precinct, Chief Kenny said. He was charged with murder and is in custody.
Persons: David Daniel, Joseph Kenny, Daniel, Daniel’s, Kenny Organizations: Queens, New York City Police Department’s Locations: St, Albans
PoliticsMadagascar's president seeks re-election amid protestsPostedMadagascar's President Andry Rajoelina held his final campaign rally on Sunday (November 12) ahead of an election on Thursday (November 16) - but rivals are calling for the vote to be postponed and say Rajoelina should be disqualified. David Doyle has more.
Persons: Andry Rajoelina, David Doyle
It was a typical low-key evening for Paul Pelosi while his wife was out of town: dinner out, home around 10 p.m., watch a little television, and then lights out close to midnight. Then about two hours later, he was woken up by an intruder who burst into his third-floor bedroom. “The door opened and a very large man came in with a hammer in one hand and some ties in the other,” Mr. Pelosi, 83, told a jury on Monday. “And he said, ‘Where’s Nancy?’”In a San Francisco courtroom, Mr. Pelosi, the husband of Representative Nancy Pelosi, spoke for the first time publicly about the brutal attack last year that left him hospitalized for days with a cracked skull. The testimony came during the federal trial of David DePape, who has been accused of bludgeoning Mr. Pelosi as he sought out Ms. Pelosi, who was the speaker of the House and in Washington at the time.
Persons: Paul Pelosi, Mr, Pelosi, , Nancy, , Nancy Pelosi, David DePape, DePape Locations: San Francisco, Washington
A GOP lawmaker texted colleagues a video he said described his feelings about her, WaPo reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A GOP lawmaker was so frustrated with Mace during the process that the individual sent out a link in a group text to a video entitled, "How to talk to a Narcissist," according to The Washington Post. AdvertisementAdvertisementAnother House GOP lawmaker who was included in the text thread told The Post that the linked video encapsulated his feelings about the high-profile lawmaker. "I think he meant he supported the same policy ideas as David Duke, but he wasn't David Duke, that he didn't have the same feelings about certain people as David Duke did," Grace told the newspaper at the time.
Persons: Nancy Mace, texted, WaPo, , Kevin McCarthy of, Mace, McCarthy, Steve Scalise, Jim Jordan of, Tom Emmer, Minnesota —, David Duke, Stephanie Grace, Scalise, Grace, Mike Johnson's, We've Organizations: GOP, Service, South Carolina Republican, The Washington, Post, Republicans, CNN, New York Times, American Unity and Rights Organization Locations: Kevin McCarthy of California, Louisiana, Jim Jordan of Ohio, Minnesota, Scalise, American
SAN FRANCISCO (AP) — The man accused of breaking into former House Speaker Nancy Pelosi’s San Francisco home, bludgeoning her husband with a hammer and seeking to kidnap her goes on trial Thursday. Where’s Nancy?” DePape asked, standing over Paul Pelosi around 2 a.m. holding a hammer and zip ties, according to court records. Nancy Pelosi was in Washington and under the protection of her security detail, which does not extend to family members. Nancy Pelosi’s husband of 60 years later underwent surgery to repair a skull fracture and injuries to his right arm and hands. After his arrest, DePape, 43, allegedly told a San Francisco detective that he wanted to hold Nancy Pelosi hostage.
Persons: Nancy Pelosi’s, bludgeoning, David DePape, Paul Pelosi, DePape, Gypsy Taub, Gene DePape, Taub, “ Where’s Nancy, Where’s Nancy, ” DePape, Nancy Pelosi, Jacqueline Scott Corley, Angela Chuang, Corley, it's, , Katherine Keneally, ” Keneally, Keneally, , Gavin Newsom, Tom Hanks, Joe Biden's, Hunter ., Daniel Bernal, Elizabeth Yates, Catherine Goulet Organizations: FRANCISCO, Canadian, Bay Area, San Francisco Police, Institute, Strategic, San Francisco Locations: Francisco, United States, Berkeley, Bay, Washington, San Francisco, Bay Area, Richmond, California, San
People are reflected on a Honda Motor car outside the company's headquarters in Tokyo, Japan February 2, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsCompanies Honda Motor Co Ltd FollowTOKYO, Nov 9 (Reuters) - Japan's Honda Motor (7267.T) posted a 31% increase in operating profit for the September quarter on Thursday, lifted by stronger sales in the United States and a weaker yen, and raised its full-year forecast by 20%. Japan's second-biggest automaker by sales said operating profit totalled 302.1 billion yen ($2.0 billion) in the three months to Sept. 30, compared with an average 345.3 billion yen estimate in a poll of 10 analysts by LSEG. Honda raised its full-year operating profit forecast to 1.2 trillion yen from the 1 trillion yen it had expected, largely in line with the 1.237 trillion yen average forecast from 21 analysts. ($1 = 151.0600 yen)Reporting by Daniel Leussink; Editing by David Dolan and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Toru Hanai, Daniel Leussink, David Dolan, Gerry Doyle Organizations: Honda Motor, REUTERS, Honda, LSEG, Thomson Locations: Tokyo, Japan, United States, China
David DePape lived a solitary life, worked carpentry jobs and was seemingly obsessed with right-wing conspiracy theories on the internet, where he railed about “wokism,” questioned the Holocaust and embraced Pizzagate and QAnon. Then in October 2022, the police said, Mr. DePape, 43, bust into Nancy Pelosi’s San Francisco home and bludgeoned her husband, when she was still the House speaker. The case will now be presented to a jury when Mr. DePape’s federal trial in San Francisco opens on Thursday. That the case is coming to trial at all is something of a surprise, given the evidence. Mr. DePape admitted to the crimes in a police interview after his arrest, prosecutors say.
Persons: David DePape, , , DePape, Nancy Pelosi’s, Ms, Pelosi, Paul Pelosi, didn’t Locations: Francisco, United States, San Francisco
London CNN —After more than half a century, the identity of the elderly, stick-carrying man featured on the “Led Zeppelin IV” album cover has finally been revealed. The “Stick Man” who featured on the cover of English rock band Led Zeppelin’s 1971 fourth studio album was a thatcher from the late-Victorian era, the Wiltshire Museum in southwestern England said in a statement Wednesday. Led Zeppelin members (left - right) John Paul Jones, John Bonham, Jimmy Page and Robert Plant pose in front of their private airliner The Starship in 1973. This colored version was the only feature on the “Led Zeppelin IV” album cover, which, unusually, had no words on it, not even the band’s name. “It is fascinating to see how this theme of rural and urban contrasts was developed by Led Zeppelin and became the focus for this iconic album cover 70 years later,” the museum’s director, David Dawson, said in the statement.
Persons: thatcher, Wiltshire thatcher, Longyear –, Brian Edwards, UWE Bristol, Wiltshire Thatcher, Edwards, Ernest, Zeppelin, Robert, Jimmy, John Paul, ” Edwards, John Paul Jones, John Bonham, Jimmy Page, Robert Plant, Ernest Howard Farmer, Jimmy Page’s, David Dawson Organizations: London CNN, Wiltshire Museum, University of the, England, Regional, BBC Radio Wiltshire, Zeppelin, Hulton Locations: England, Wiltshire, Mere , Wiltshire, Shaftesbury, Whitsuntide, , Berkshire
Nissan more than doubles Q2 operating profit, beating estimates
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
A visitor is seen at Nissan Motor Corp.'s showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 9 (Reuters) - Japan's Nissan Motor (7201.T) reported on Thursday it had more than doubled its operating profit for the July-September quarter, beating analysts' estimates, boosted by steady sales in North America and Japan and a weaker yen. The company reported a 127% rise in July-September operating profit to 208.1 billion yen ($1.38 billion), compared with an average estimate of 155.9 billion yen in a poll of 10 analysts by LSEG and a 91.7 billion yen operating profit in the same period a year earlier. The automaker raised its full-year forecast by nearly 13% to 620 billion yen due to a favourable impact of a weak yen and improvements in global retail sales, excluding China. The forecast compared to a 570.1 billion yen average profit forecast in a poll of 19 analysts by Refinitiv.
Persons: Issei Kato, Daniel Leussink, David Dolan, Muralikumar Organizations: Nissan Motor Corp, REUTERS, Rights, LSEG, Refinitiv, Nissan, Renault, Thomson Locations: Tokyo, Japan, North America, China
The results underscore the volatility and risk inherent in founder Masayoshi Son's strategy of betting big on often risky start-ups. The Japanese conglomerate said it was squeezed by weakness in the yen that drove up costs on its dollar-denominated debt. SoftBank reported a 789 billion yen ($5.2 billion) net loss for the three months to end-September, compared with a 3.01 trillion yen profit a year earlier when it sold down a large portion of its stake in Chinese e-commerce giant Alibaba (9988.HK). Its Vision Fund investment unit, meanwhile, booked an investment profit of 21.4 billion yen in the latest quarter, after posting a 160 billion yen profit three months earlier. SoftBank said it exchanged unsecured WeWork notes into shares and convertible bonds and reflected a 21.6 billion yen loss from the transaction in the first half.
Persons: Thomas Peter, Masayoshi, SoftBank, Anton Bridge, Miyoung Kim, David Dolan, Tom Hogue Organizations: REUTERS, Rights, SoftBank, HK, Vision Fund, Thomson Locations: Tokyo, WeWork
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