If confirmed, the deal would be one of the largest in European technology to date, and SoftBank's largest ever, bigger than the 16.61 billion pound acquisition of a controlling stake in wireless operator Sprint in 2013, a deal that left the group with hefty debts. (The logo of SoftBank Group Corp is seen at the company's headquarters in Tokyo, June 30, 2016. - REUTERS)
MarketWatch: Major US stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve chair Janet Yellen said it would be unwise to wait too long to raise interest rates. - Reuters
The DJIA climbed 0.45% to end at 20,504.41 points, the S&P 500 gained 0.40% to 2,337.58 and the Nasdaq added 0.32% to 5,782.57.
Energy
Oil settled slightly higher on Tuesday, as rising supply from US shale output limited enthusiasm about an Opec-led effort to cut global output. Brent crude settled 38 cents higher at US$55.97 a barrel, well off the session high of US$56.46 a barrel. - Reuters
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AIG posts bigger fourth-quarter loss, adds US$3.5b to buyback programme: American International Group Inc), the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly loss, largely due to a $5.6 billion reserve charge to cover possible future claims.
SoftBank to buy Fortress Investment for US$3.3b: Japan's SoftBank Group Corp as agreed to buy Fortress Investment Group LLC (FIG.N), a private-equity firm and asset manager, for about $3.3 billion in cash - a surprise move for a group that has to date focused on telecoms and technology.
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